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32BitsOnline: Caldera files to go public

Jan 11, 2000, 07:00 (0 Talkback[s])
(Other stories by Ronny Ko)

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"While just filing for its IPO, Caldera has not distributed any shares pending full registration of its statements become effective."

"The secret to a great IPO is financial backing from venture funds and investment from larger technology companies. Like Red Hat, Caldera is no different. The company announced today that it had received financial funding totalling $30 million form Sun Microsystems, Citrix, Novell, SCO, Chicago Venture Partners and Egan-Managed Capital."

"We are encouraged by the support of these technology leaders, which we take as an endorsement of the Linux industry as a whole and the Open Source movement in particular, and we look forward to their strategic counsel," said Ransom Love, President and CEO of Caldera Systems, Inc. in a statement to the press."

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