X

Caldera reverse stock split March 14

Caldera International shareholders approved a 1-for-4 reverse stock split Thursday, the struggling Linux and Unix seller said. The split will take effect March 14, at which point the 57.5 million outstanding shares will be converted into 14.4 million shares. Caldera has been struggling, with an 11 million net loss in its most recent quarter. The company decided on a reverse stock split to increase its share prices to avoid being delisted from the Nasdaq market. On Monday, the company's stock dropped 7 cents, or 10 percent, to close at 60 cents per share.

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.
See full bio
Stephen Shankland
Caldera International shareholders approved a 1-for-4 reverse stock split Thursday, the struggling Linux and Unix seller said. The split will take effect March 14, at which point the 57.5 million outstanding shares will be converted into 14.4 million shares.

Caldera has been struggling, with an 11 million net loss in its most recent quarter. The company decided on a reverse stock split to increase its share prices to avoid being delisted from the Nasdaq market. On Monday, the company's stock dropped 7 cents, or 10 percent, to close at 60 cents per share.