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Tech Industry

Caldera posts $9 million loss in first public quarter

    Caldera Systems posted a second-quarter loss of $9.2 million, or 32 cents a share, on sales of $1.4 million.

    Ahead of the earnings report, Caldera (Nasdaq: CALD) shares closed up 1 1/8, or 12 percent, to 10 5/8.

    There was no First Call consensus estimate for Caldera this quarter. Zack's Investment Research Inc. pegged it for a loss of 19 cents a share, excluding one-time charges and stock compensation.

    The $1.4 million in sales marks a 150 percent jump from the year-ago quarter when it lost $1.8 million, or 11 cents a share, on sales of $544,000.

    Caldera shares have plummeted since its auspicious initial public offering in March.

    Its shares peaked at 33 in March before falling to a low of 9 earlier this month.

    Both analysts following the stock rate it a "buy."