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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (1506)	9/29/1999 1:57:00 PM
From: J Fieb	Respond to of 4808

Ok A slight digression....... ADIC ownes 25% of Caldera......... Caldera To Push Back IPO, Sign Fujitsu Deal (09/29/99, 6:26 a.m. ET) By Paula Rooney, Computer Reseller News The "other" Linux distributor plans to go public -- but not as soon as some industry observers thought. Caldera Systems likely will file for an initial public offering after Jan. 1, 2000, rather than next month as originally planned, said sources familiar with the company's plans. Morgan Stanley and Goldman Sachs, which took Caldera competitor Red Hat Software public on Aug. 11, are among the four underwriters vying for Caldera's IPO. "They [investment companies] say the climate for tech stocks isn't what it should be," one source said. Last week, Microsoft stock tumbled 5 percent along with the rest of the market after Microsoft president Steve Ballmer said publicly that many high-tech stocks, including Microsoft, are overvalued. Caldera, which recently spun off its embedded software effort into a separate company, called Lineo, generates between $12 million and $15 million annually in revenue, sources said. Caldera Systems president Ransom Love would not comment on the pending IPO, but said the company needs a cash infusion to battle the likes of Microsoft and Sun Microsystems, as well as Red Hat, to stay competitive. "We'll need capital to expand and grow and develop beyond what we've done in the past," said Love, a former Novell executive who was tapped to lead the charge by Caldera chairman, Ray Noorda. "Linux cannot stay a retail product. It has to be delivered through major OEMs and channels with all services and consulting practices." Red Hat, whose stock went public at $14 per share in August and was trading at $99 per share on Wednesday, reported a smaller-than-expected loss for its first fiscal quarter earlier this week. Another lesser-known Linux operating system distributor, LinuxOne, filed last Wednesday to raise $24 million in an IPO. Caldera executives, however, are concerned about another Orem-based concern known as Caldera, which went public recently but has no affiliation with the software maker, sources said. The company has agreed to stop using the Caldera name after Oct. 5. Caldera will on Wednesday announce a major strategic relationship with Fujitsu. As part of the deal, Fujitsu will distribute OpenLinux 2.3 and future versions on many Fujitsu servers, including the GranPower series, said sources familiar with the announcement. Any FC implications? Or implications for who will work with whom?