"Although the offering lived up to some analysts'
expectations for a strong showing, Caldera failed to repeat the
meteoric opening performances of Red Hat, Inc. (Nasdaq: RHAT),
Cobalt Networks, Inc. (Nasdaq: COBT) and VA Linux Systems (Nasdaq:
"Red Hat went public in August 1999, creating what many experts
have labeled "Linux hysteria." The North Carolina-based Linux
vendor closed up 371 percent at the end of its first day of
"Server appliance developer Cobalt Networks, Inc. experienced a
jolt of almost 490 percent in its first day on the Nasdaq in
November 1999. However, VA Linux shattered the mark in early
December 1999, when it closed up almost 700 percent."
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