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PC Week: Caldera secures funding in advance of IPO

Investors will find out if Wall Street remains bullish on
Linux as Caldera Systems Inc. gets set for its initial public
offering — possibly as early as this week, according to
sources.

“Caldera, of Orem, Utah, will also announce today it has secured
about $30 million in additional funding, the sources said, from the
likes of Sun Microsystems Inc., Novell Inc. and other major
technology companies.”

“Caldera, which offers the OpenLinux distribution of the Linux
kernel, recently broadened its product portfolio to include
services and some Linux application packages. The company is also
working in the area of embedded Linux for devices with its sister
firm Lineo.”

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