Stephen Shankland has been a reporter at CNET since 1998 and covers browsers, microprocessors, digital photography, quantum computing, supercomputers, drone delivery, and other new technology. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Caldera International 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.