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For week ended March 19, 2000 Posted 24 Feb 2001
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News about Mormons, Mormonism,
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Sent on Mormon-News: 22Mar00

Summarized by Joyce Feustel

IPO Of Orem-based Caldera, Employer Of LDS Members, Is A 'Smash Hit'
Deseret News 14Mar00 B4
By Jenifer K. Nii: Deseret News staff writer

OREM, UTAH -- A Smash Hit is coming to Orem Utah! A software company based in Orem, Utah and a major employer of LDS Church members is expected to take the software market by storm. The company, Caldera Systems Inc, sells Linux-based software for businesses. This software is based on "open source technology" and has begun taking business away from competitors Microsoft and UNIX. Caldera launched its IPO Tuesday, selling approximately 5 million shares on NASDAQ for between $8 and $10 per share, up from last week's estimated price of $7 to $9 per share. In its first day of trading, shares more than doubled!

Using buzzwords like World Wide Web and e-commerce Dan Kusnetzky, Industry analyst and program director at International Data Corp said, "people who missed the Red Hat bandwagon and VA Linux offering might become very excited with Caldera. Those are the people who are bidding up the offering. While there may be flashes when the stock goes up very high, it's the next round of buyers Caldera has to worry about. Those are the buyers who will want to know Caldera - who they are, what they do, and why they (the investors) should become involved with the company" has ranked the company's IPO among its "Red Hot" ratings. David Menlow, president of, said "Caldera is at the upper end of the stocks we expect to do well at the beginning.The Red Hat offering and the VA Linux offering have taken quite a bit of thunder out of the marketplace with regard to Linux stocks, but I still believe there is room in the marketplace for a few more offerings, and Caldera Systems is going to be one of the beneficiaries of that because it will beat other competitors into the market."

The question arises...Is it too early and the company still too new to survive the open market?


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