July 12, 2001

Class action lawsuit commenced against Caldera International

Author: JT Smith

A securities class action lawsuit was
commenced on behalf all persons who acquired Caldera International, Inc. (NASDAQ: CALD)
("Caldera" or the "Company") securities between March 21, 2000 and December 6, 2000 (the "Class
Period"). A copy of the complaint is available from the Court or from Bernstein Liebhard &
Lifshitz, LLP. Please visit our website at http://www.bernlieb.com or contact us at (800) 217-1522
or by email at CALD@bernlieb.com.The case is pending in the United States District Court for the Southern District of
New York located at 500 Pearl Street, New York, New York 10004. Named as defendants in the
complaint are Caldera and the following executive officers of Caldera: Ransom H. Love, Alan
Hansen, Ralph J. Yarro III, Raymond J. Noorda, and Thomas P. Raimondi, Jr. The complaint also
names as defendants the following underwriters of Caldera's initial public offering: FleetBoston
Robertson Stephens Inc., Bear, Stearns & Co., Inc., Soundview Technology Group, Inc., and First
Security Van Kasper (collectively the "Underwriter Defendants").

The complaint charges defendants with violations of the Securities Act of 1933 and
the Securities Exchange Act of 1934 for issuing a Registration Statement and Prospectus (the
"Prospectus") that contained materially false and misleading information and failed to disclose
material information. The Prospectus was issued in connection with Caldera's initial public offering
of 5 million shares of common stock at $14.00 per share that was completed on or about March 21,

The complaint alleges that the Prospectus was false and misleading because it failed
to disclose (i) the Underwriter Defendants' agreement with certain investors to provide them with
significant amounts of restricted Caldera shares in the IPO in exchange for exorbitant and
undisclosed commissions; and (ii) the agreement between the Underwriter Defendants and certain
of its customers whereby the Underwriter Defendants would allocate shares in the IPO to those
customers in exchange for the customers' agreement to purchase Caldera shares in the after-market
at pre-determined prices.

The SEC is investigating underwriting practices in connection with several other
initial public offerings, including the offerings of VA Linux Systems, Inc., Ariba Inc. and United
Parcel Service, Inc.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise
acquired Caldera securities during the Class Period.

If you purchased or otherwise acquired Caldera securities during the Class Period,
and either lost money on the transaction or still hold the securities, you may wish to join in the action
to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the
applicable law and file appropriate papers no later than September 10, 2001.

A lead plaintiff is a representative party that acts on behalf of other class members
in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the
class member's claim is typical of the claims of other class members, and that the class member will
adequately represent the class. Under certain circumstances, one or more class members may
together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by
the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard &
Lifshitz, LLP, or other counsel of your choice, to serve as your counsel in this action.

Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to
represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience
in securities class action cases, and have played lead roles in major cases resulting in the recovery
of hundreds of millions of dollars to investors. For more information about Bernstein Liebhard &
Lifshitz, LLP, please visit our website at http://www.bernlieb.com.

If you would like to discuss this action or if you have any questions concerning this
Notice or your rights as a potential class member or lead plaintiff, you may contact Ms. Linda Flood,
Director of Shareholder Relations, at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New
York, New York 10016, (800) 217-1522 or 212-779-1414 or by e-mail at CALD@bernlieb.com.

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