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CNET News.com: Caldera files to raise $57.5 million in IPO

The same day its sister company Caldera settled its
antitrust case with Microsoft, Linux specialist Caldera Systems
filed papers for an initial public offering.

“Orem, Utah-based Caldera Systems is planning on raising
approximately $57.5 million in its IPO based on its registration
filing fee on file with the Securities and Exchange Commission. To
date, Caldera Systems has not stated the number of shares or the
initial asking price. The company is proposing to trade under the
symbol CALD.”

“The company no doubt hopes to capitalize on Linux fever among
investors. Linux companies such as Red Hat and VA Linux have seen
their shares climb to astounding heights in 1999 IPOs. Like most
Linux companies, Caldera Systems will seek to make money through
selling software, but also through providing consulting services
and support. The company is trying to position itself as a leader
in Linux for e-commerce systems.”


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