“These shares were an overhang to the market and were depressing Caldera’s stock price. The elimination of these shares puts Caldera in a much more attractive position for present shareholders and interested investors,” said Bob Bench, CFO, Caldera International. “The repurchase of nearly a third of Caldera’s outstanding shares now opens the way for Caldera to raise additional capital at higher prices, and will allow for the market to reach a share price that more closely reflects the value of Caldera. The company has improved its equity position, is essentially debt free, and can now take advantage of expansion opportunities.”
“During the next 12 months, Caldera will identify appropriate technologies and companies that will complement our strategy and roadmap,” said Darl McBride, president and CEO, Caldera International. “Caldera is in the enviable position of having a worldwide channel sales organization with a vast network of resellers and distributors. We will be active in licensing and acquiring technologies that leverage our channel and add value to our customers.”
Caldera International, Inc.
Caldera International (Nasdaq: CALD) provides “Powerful Choices” for businesses through its UNIX, Linux and Volution product lines and services. Based in Lindon, UT, Caldera has representation in 82 countries and 16,000+ resellers worldwide. Caldera Global Services provides reliable localized support and services to partners and customers. For more information on Caldera products and services, visit http://www.caldera.com.
