OREM, Utah–June 6, 2001– Caldera
International, Inc. (Nasdaq:CALD), today reported revenue of $1.6
million for the three months ended April 30, 2001, a 17 percent
increase over revenue of $1.4 million for the comparable
three-month period of the previous fiscal year and a 52 percent
increase over revenue of $1.1 million for the prior quarter.
The Company reported a net loss attributable to common
stockholders for the three months ended April 30, 2001 of $11.7
million, or $0.29 per common share, compared with $9.2 million, or
$0.32 per common share, for the comparable three-month period of
the previous fiscal year and $9.8 million, or $0.25 per common
share, for the prior quarter. The net loss attributable to common
stockholders for the second quarter of fiscal 2001 included a
charge of $4.3 million related to the write-down of investments,
whereas the comparable quarter for the prior fiscal year included a
$2.3 million charge for dividends related to preferred stock.
“This will be the last report of results from Caldera Systems as
a stand-alone entity. The acquisition of the SCO Server and
Professional Services Divisions, which included the UnixWare and
OpenServer technologies, was completed May 7, 2001. Caldera
International, Inc. has now become the largest Linux company with
global infrastructure that includes sales, support, and marketing
in 82 countries,” said Ransom Love, president and CEO of Caldera
International, Inc.
Recent company highlights include:
— Caldera announced its completion of the acquisition of The
Santa Cruz Operation Inc. (SCO) Server Software and Professional
Services divisions, UnixWare and OpenServer technologies on May 7,
2001.
— Caldera announced the availability of its OpenLinux eServer
2.3.1 preloaded on Compaq ProLiant(TM) servers on February 13,
2001.
— Caldera acquired the assets of the WhatifLinux technology from
Acrylis Inc. on May 3, 2001.
— Caldera announced the formation of Caldera KK with Fujitsu and
Hitachi on May 31, 2001.
The following statements are based on current expectations.
These statements are forward looking and actual results may differ
materially.
Revenue outlook:
— For the third quarter of fiscal 2001, the Company expects net
revenue to be between $18 to $20 million.
— For the fourth quarter of fiscal 2001, the Company expects net
revenue to be between $21 and $23 million.
— Net revenue for fiscal 2001 is expected to be between $42 and
$46 million.
Operating loss outlook:
— For the third quarter of fiscal 2001 an operating loss of
between $14 and $15 million is expected. This operating loss
includes $1.5 to $2 million of restructuring costs related to the
SCO acquisition, but excludes amortization of intangible assets and
goodwill, charges for in-process research and development, and
deferred compensation which is expected to be approximately $8
million. Net loss is expected to be approximately $0.40 to $0.42
per common share with weighted average common shares outstanding
expected to be 56 million shares.
— For the fourth quarter of fiscal 2001 the Company expects an
operating loss between $9 and $10 million. This operating loss
excludes amortization of intangible assets and goodwill and
deferred compensation which is expected to be approximately $6.5
million. Net loss is expected to be approximately $0.27 to $0.29
per common share with weighted average common shares outstanding
expected to be 57 million shares.
— For fiscal 2001, the operating loss is expected to be between
$44 and $47 million, which includes $1.5 to $2 million of
restructuring costs related to the SCO acquisition but excludes the
amortization of intangible assets and goodwill, charges for
in-process research and development and deferred compensation which
is expected to total approximately $14.5 million. Net loss is
expected to be approximately $1.22 to $1.29 per common share with
weighted average common shares outstanding expected to be 48
million shares.