Caldera Systems, Inc. Files Registration Statement for Initial Public Offering

OREM, UT -- January 10, 2000 -- Caldera Systems, Inc., a provider of award-winning Linux products and services, announced today that it has filed a registration statement with the Securities Exchange Commission (SEC) for an initial public offering (IPO). The offering will be managed by Robertson Stephens, Bear, Stearns & Co. Inc., Wit Capital Group, Inc. and First Security Van Kasper. The net proceeds of the offering will be used for general corporate purposes.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This news release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, copies of the preliminary prospectus relating to this offering may be obtained from Robertson Stephens, 555 California Street, Suite 2600, San Francisco, California, 94104, (415) 781-9700; Bear, Stearns & Co. Inc., 245 Park Avenue, New York, New York 10167, (212) 272-2000; Wit Capital Group, Inc., 90 New Montgomery Street, Suite 1010, San Francisco, California, 94105, 1-888-594-8227, email; First Security Van Kasper, 600 California St., Suite 1700, San Francisco, California, 94108, (801) 246-5493.

The Company
Caldera Systems, Inc. enables the development, deployment and management of Linux specialized servers and Internet access devices that simplify computing. The company's solutions are specifically designed to meet the complex needs of eBusiness. Caldera facilitates the adoption of Linux by providing educational programs designed to help our customers develop, deploy and administer Linux systems. The company embraces the Open Source model and participates as a key member of many Open Source, industry standards and partner initiatives, including Linux Professional Institute (LPI), Linux Standards Base (LSB) and Linux International Group. Caldera primarily distributes its products and services through its indirect distribution channel. Caldera's customers include IBM, MTI Technology Corporation, AST Computers, First International Computers, Cendant, Frank Kasper & Associates, Gates/Arrow, Ingram Micro, MediaGold, Navarre Corporation, Support Net and Tech Data.

Caldera Systems, Inc. is based in Orem, UT., with offices and 950+ resellers worldwide. Please visit Caldera Systems at In the US, please call 888-GO-Linux (888-465-4689). In Europe, please call (801) 765-4999 or contact us via E-mail at To become an OpenLinux reseller, please visit 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)

Caldera is a registered trademark of Caldera, Inc. All other products, services, companies, events and publications are trademarks, registered trademarks or servicemarks of their respective owners in the U.S. and/or other countries.