Orem., Utah-based Caldera, whichsells a version of Linux and two versions of Unix, also said it expectsshareholders to approve a 1-for-4 reverse stock split. Such moves aretypically undertaken to prevent delisting from regulated stock markets. Caldera warned in September that itslow stock price threatened the company with delisting from the Nasdaqmarket.
Caldera competes with Linux sellers such as Red Hat, and with server companies suchas Sun Microsystems with their own versions of Unix.
Caldera acquired its versions of Unixin 2001 from Tarentella, formerly called the Santa Cruz Operation.However, Caldera didn't get as much benefit as it hoped from thebetter-established Unix customers. The company had to write down $74 million of goodwill andintangible assets related to the acquisition as a result.
Though profitability hasn't arrived, the addition of the Unix businesssignificantly lifted Caldera's revenue, which was $1 million in theyear-ago quarter. The company also sells management software.
Caldera had a restructuring charge of $5.3 million in thequarter. Excluding the charge, the company's net loss for the quarter wouldhave been $5.7 million, or 10 cents per share.
Estimates for Caldera earnings were unavailable from First Callbecause analysts surveyed by the tracking firm didn't cover the company.Caldera, however, said its results were in-line with its previous guidance.
The company predicted that the quarter ending April 30 will have net revenue of $16million to $18 million, with gross margins staying level at about 58percent. Operating costs are expected to decline 3 percent to 5 percent.
For the full fiscal year, ending Oct. 31, the company expects revenue of$68 million to $72 million.