MTI Technology Corporation Announces Capital Investment in Caldera Systems Inc

Business Wire, Feb 26, 1999

OREM, Utah--(BUSINESS WIRE)--Feb. 26, 1999--MTI Technology Corporation today announced that it has signed a letter of intent for the placement of investment capital in Caldera Systems Inc.

MTI Technology Corp. is the premier provider of high-performance, cross-platform data storage management solutions for the enterprise and is based in Anaheim, Calif.

Caldera Systems is the recognized leader of "Linux for Business" solutions, services, training and certification with proven, tested, stable and supported OpenLinux technologies. Caldera Systems has offices in Orem and Erlangen Germany. Caldera Systems was the first Linux company to create a Linux VAR channel -- now the industry standard with over 500 resellers worldwide. Caldera Systems, Inc. is a Canopy Group holding under the Ray Noorda/Canopy Group Investment Company. Ray Noorda is the former CEO of Novell, Inc. (Nasdaq:NOVL)

A formal announcement will be forthcoming next week at Linuxworld in San Jose, Calif. March 1st.