“The company, which filed for its highly anticipated initial
public offering with the Securities and Exchange Commission (SEC)
in January of this year, raised the pricing of its common stock to
the range of $8 to $10 (US$) a share, looking to raise $50
million.”
“Trading under the Nasdaq symbol “CALD,” the offering is
currently scheduled to hit The Street on Friday. Despite recent
steep declines in other Linux-related stocks, some analysts expect
a strong showing….”
“The company moved to become something of an e-commerce
enabler in January with the launch of its OpenLinux-based eServer
2.3 at the LinuxWorld Expo in New York City. The product
includes IBM products VisualAge for Java and the WebSphere
Application Server Standard Edition for Linux, helping users of the
product to streamline the process of creating an online
presence.”