Caldera Announces Restructuring and Consolidation Towards Achieving Accelerated Goals

Business Wire, Sept 18, 2001

Business Editors, High-Tech Writers

OREM, Utah--(BUSINESS WIRE)--Sept. 18, 2001

Caldera International, Inc. (Nasdaq:CALD), today announced details of its recent reduction in force, consolidation and cost-cutting steps toward bringing the company to profitability in future quarters.

As part of Caldera's announcement on September 6, the company reported an eight percent reduction in force, or a total reduction of 51 personnel. In addition, the company is consolidating unused facilities in Orem, Utah and Santa Cruz, California, streamlining product lines and reducing budgets to allow the company to immediately reduce its overall expenses.

"We have evaluated all areas of our business that are necessary to meet customer needs and financial objectives," said Ransom Love, president and CEO of Caldera International, Inc. "We believe that this restructuring will help our company operate more efficiently in accordance with future revenue expectations and current worldwide economic conditions."

"During the last reported quarter, Caldera performed better than anticipated and exceeded financial expectations," said Bob Bench, CFO, Caldera International, Inc. "We look forward to building our business on conservative financial management, with a strong focus on meeting internally set metrics and ratios."

Caldera International, Inc.

Caldera International (Nasdaq:CALD) is the leader in "Unifying UNIX with Linux for Business." Based in Orem, UT, Caldera has representation in 82 countries and has 15,000 resellers worldwide. For more information on Caldera products and services, visit http://www.caldera.com.

Caldera, OpenLinux, UnixWare, Open UNIX, Caldera Volution and "Unifying UNIX with Linux for Business" are trademarks or registered trademarks of Caldera International, Inc. LINUX is a registered trademark of Linus Torvalds. UNIX is a registered trademark of The Open Group in the United States and other countries.

Forward Looking Statements

The statements set forth above include forward-looking statements that involve risks and uncertainties. The Company wishes to advise readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include the ability of the Company to successfully integrate the operation of the recently acquired assets and operations which are significantly larger than the historical operations of the Company, the continued acceptance in the marketplace of the historical products of the acquired operations, the ability of the Company to develop and successfully introduce products integrating its products and services with those historically offered by the recently acquired operations, the failure of recently introduced and new products to operate as designed due to incompatibility with some platforms or other defects; our reliance on developers in the open source community; new and changing technologies and customer acceptance of those technologies; the Company's ability to compete effectively with other companies; failure of our brand to achieve the broad recognition necessary to succeed; unenforceability of the GNU general public license and other Open Source licenses; our reliance on third party developers of components of our software offerings; claims of infringement of third-party intellectual property rights; and disruption in the Company's distribution sales channel. These and other factors, which could cause actual results to differ materially, are discussed in more detail in the Company's filings with the Securities and Exchange Commission.