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CNET News.com: Major Caldera shareholders may sell

Jul 25, 2001, 00:50 (6 Talkback[s])
(Other stories by Stephen Shankland)
"Two major investors in Caldera International, which sells the Linux and Unix operating systems, will be able to sell previously restricted stock, the company said in a regulatory filing Monday.

As a result of a Securities and Exchange Commission filing, Tarantella will be able to sell 16 million Caldera shares through a dealer or broker, while MTI Technology will be able to sell 5.3 million shares. Tarentella got its shares through the sale of its Unix software to Caldera. MTI was an early investor.

"What this will allow is for them in an orderly way to sell their shares if they want and when they want in the future," Caldera Chief Financial Officer Bob Bench said in an interview. "That way we can work with them in placing those shares with institutions that like our space now...as we and each of those two large shareholders would like to work those shares on the market."

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