Caldera buys back shares from investors
Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise Processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science. Credentials
- Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
shares rose 21 percent Tuesday after the company announced it completed the repurchase of stock from two major investors, Tarantella and MTI Technology. Caldera, which sells Linux and Unix technologies, acquired 4.3 million shares--31 percent of its outstanding stock--at 94 cents per share, reducing its outstanding shares to 9.5 million, the company said. The stock repurchase makes it less difficult for Caldera to raise funding, the company said.
The Canopy Group still is the majority investor in Caldera, holding 5.3 million shares. Shares closed up 20 cents to $1.15.