SRO: Caldera IPO Launch, Long Awaited Linux IPO expected to open on March 13Mar 02, 2000, 15:55 (0 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)
"The real question for would-be stock buyers will be: Will Caldera hold onto its anticipated initial stock price increase, as Red Hat and Cobalt Networks have managed to do; or will it decline to a high, but far lower than opening-day price, as has been the case with Andover.Net and VA Linux?"
"Caldera plans to use its five million share IPO net proceeds of about $40.8 million to advance its technology, push forward partnerships, investigate buying other businesses with complementary technologies and expand the company."
"Caldera is expected to push forward with offerings like its eServer operating-system package, a Linux-based system designed specifically for e-commerce. Although Caldera only saw a year-over-year $15,000 increase in gross revenue for the quarter ending on Jan. 31, 2000, sources close to the company claim that Caldera's e-commerce approach and strong reseller program are doing well."