UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549
                                   FORM 10-QSB


(x)      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(D) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended        September 30, 1999
                               --------------------------------

( )      TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15 (d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from                 to
                              -----------------  -----------------
Commission File number                      1-12023
                              ------------------------------------

                               CALDERA CORPORATION
               --------------------------------------------------
               (Exact name of registrant as specified in charter)


           Florida                                          59-3243555
------------------------------                          -------------------
(State or other jurisdiction of                          (I.R.S. Employer
incorporation or organization)                          Identification No.)

           3156 East Old Mill Circle #100 , Salt Lake City, Utah 84121
           -----------------------------------------------------------
              (Address of principal executive offices) (Zip Code)

                                1- 801- 947-9007
               --------------------------------------------------
               Registrant's telephone number, including area code


  ---------------------------------------------------------------------------
  (Former name, former address, and former fiscal year, if changed since last
                                    report.)

         Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  Yes [x ] No [ ] and (2) has been
subject to such filing requirements for the past 90 days. Yes [x ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of common stock, as of the last practicable date.

         Class                             Outstanding as of  September 30, 1999
------------------------                   -------------------------------------
 Common  Stock, $0.0025                                 2,776,250


                                       -1-

<PAGE>

<TABLE>
                                      INDEX

                                                                                                Page
                                                                                               Number
                                                                                               ------
<CAPTION>
PART I.

<S>             <C>                                                                              <C>
     ITEM 1.    Financial Statements (unaudited).................................................3

                Balance Sheets...................................................................4
                   September 30, 1999 and  December 31, 1998

                Statements of Operations
                   For the three and nine  months ended September  30, 1999 and 1998
                                  and the period from January 1, 1994 to September 30, 1999......5


                Statement of Changes in Stockholders' Equity
                   For the period from January 1, 1994  to September  30, 1999...................6

                Statements of Cash Flows
                    For the nine months ended September 30, 1999 and 1998........................7
                                  and the period from January 1, 1994  to September 30, 1999


                Notes to Financial Statements....................................................8

     ITEM 2.    Plan of Operations..............................................................10

PART II.        Signatures......................................................................10
</TABLE>


                                       -2-

<PAGE>

                         PART I - FINANCIAL INFORMATION

--------------------------------------------------------------------------------

                          ITEM 1. FINANCIAL STATEMENTS

--------------------------------------------------------------------------------

The  accompanying  balance sheets of Caldera  Corporation  (a development  stage
company) at  September  30, 1999 and  December 31 1998,  and the  statements  of
operations  for the three and nine months ended  September 30, 1999 and 1998 and
the period from  January 1, 1994 to September  30, 1999,  the cash flows and the
statement of  stockholder'  equity for the nine months ended  September 30, 1999
and 1998,  and the period from January 1, 1994 to September 30, 1999,  have been
prepared by the Company's management and they do not include all information and
notes to the financial statements  necessary for a complete  presentation of the
financial position, results of operations,  cash flows, and stockholders' equity
in conformity with generally accepted accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments are of a normal recurring nature.

Operating  results for the quarter ended September 30, 1999, are not necessarily
indicative of the results that can be expected for the year ending  December 31,
1999.









                                       -3-

<PAGE>

<TABLE>
                               CALDERA CORPORATION
                           (Development Stage Company)
                                 BALANCE SHEETS
                    September 30, 1999, and December 31, 1998

=============================================================================================
<CAPTION>

                                                                   Sept 30,          Dec 31,
                                                                     1999             1998
                                                                 -----------      -----------
<S>                                                              <C>              <C>
ASSETS

CURRENT ASSETS

   Cash                                                          $       341      $     5,163
                                                                 -----------      -----------

   Total Current Assets                                          $       341      $     5,163
                                                                 ===========      ===========

LIABILITIES AND STOCKHOLDERS'
   EQUITY

CURRENT LIABILITIES

   Accounts payable                                              $     1,200      $     8,796
                                                                 -----------      -----------

       Total Current Liabilities                                       1,200            8,796
                                                                 -----------      -----------

STOCKHOLDERS' EQUITY

   Common stock
     200,000,000 shares authorized, at $0.0025 par value;
     2,776,250 shares issued and outstanding at September 30;
     176,250 at December 31                                            6,941              441

   Capital in excess of par value                                     95,935           72,982

    Accumulated deficit                                             (103,735)         (77,056)
                                                                 -----------      -----------

       Total Stockholders'  Deficiency                                  (859)          (3,633)
                                                                 -----------      -----------

                                                                 $       341      $     5,163
                                                                 ===========      ===========
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       -4-

<PAGE>

<TABLE>
                               CALDERA CORPORATION
                           (Development Stage Company)
                            STATEMENTS OF OPERATIONS
                  For the Three and Nine Months Ended September
                     30, 1999, and 1998 and the Period from
                      January 1, 1994 to September 30, 1999

==================================================================================================
<CAPTION>

                     Three Months      Three Months       Nine Months    Nine Months   Jan 1, 1994
                       Sept 30,          Sept 30,           Sept 30,       Sept 30,         to
                         1999              1998               1999           1998     Sept 30, 1999
                     -----------      --------------      -----------      -------     -----------

<S>                  <C>              <C>                 <C>              <C>         <C>
REVENUES             $      --        $         --        $      --        $  --       $      --


EXPENSES                   9,075                --             26,679         --            79,095
                     -----------      --------------      -----------      -------     -----------


NET LOSS             $    (9,075)     $         --        $   (26,679)     $  --       $   (79,095)
                     ===========      ==============      ===========      =======     ===========






 GAIN (LOSS) PER
   COMMON SHARE

     Basic           $     (.003)                         $     (.013)
                     -----------                          -----------



AVERAGE
     OUTSTANDING
     SHARES

     Basic             2,776,250                            1,997,683
                     -----------                          -----------
</TABLE>










   The accompanying notes are an integral part of these financial statements.


                                       -5-


<PAGE>

<TABLE>
                               CALDERA CORPORATION
                           (Development Stage Company)
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
            For the Period From January 1, 1994 to September 30, 1999

======================================================================================================
<CAPTION>
                                                       Common Stock          Capital in
                                                  -----------------------     Excess of    Accumulated
                                                   Shares         Amount      Par Value      Deficit
                                                  ---------     ---------     ---------     ---------
<S>                                                  <C>        <C>           <C>           <C>
Balance January 1, 1994 - Note 1                     98,560     $     246     $  24,394     $ (24,640)

Issuance of common shares for cash
   at $.39 - May through November 1994               35,050            88        13,712          --

Issuance of common shares for a mining
    lease at $.25                                    27,500            69         6,806          --

Net operating loss for the year
   ended  December 31, 1994                            --            --            --         (67,589)

Issuance of common shares for cash
    at $2.97 - January through May 1995               5,140            13        15,237          --

Net operating loss for the year
   ended December 31, 1995                             --            --            --         (25,988)

Net operating loss for the year
    ended December 31, 1996                            --            --            --         (27,319)

Net operating profit for the year
    ended December 31, 1997                            --            --            --          84,971

 Issuance of common shares for cash
    at $.50 - related parties - December 1998        10,000            25         4,975          --

Cash contributed to capital - related parties          --            --           7,858          --

Net operating loss for the year ended
   December 31, 1998                                   --            --            --         (16,491)
                                                  ---------     ---------     ---------     ---------

Balance December 31, 1998                           176,250           441        72,982       (77,056)


 Issuance of common shares for services
    at $.075 - March 1999                           200,000           500        14,500          --

Issuance of common shares for cash
    at $.0025 - March 1999                        2,400,000         6,000          --            --

Cash contributed to capital - related parties          --            --           8,453          --

Net operating loss for the nine months
    ended September 30, 1999                           --            --            --         (26,679)
                                                  ---------     ---------     ---------     ---------

Balance September 30, 1999                        2,776,250     $   6,941     $  95,935     $(103,735)
                                                  =========     =========     =========     =========
</TABLE>



   The accompanying notes are an integral part of these financial statements.


                                       -6-

<PAGE>

<TABLE>
                               CALDERA CORPORATION
                           (Development Stage Company)
                             STATEMENT OF CASH FLOWS
             For the Nine Months Ended September 30, 1999, and 1998
            and the Period from January 1, 1994 to September 30, 1999

=========================================================================================
<CAPTION>

                                               Nine Months    Nine Months
                                                  Ended         Ended     January 1, 1994
                                                Sept 30,       Sept 30,          to
                                                  1999           1998      Sept 30, 1999
                                                --------      ----------     --------
<S>                                             <C>           <C>            <C>
CASH FLOWS FROM
OPERATING ACTIVITIES

Net profit (loss)                               $(26,679)     $     --       $(79,095)

Adjustments to reconcile net loss to
net cash provided by operating activities

    Change in accounts payable                    (7,596)           --          1,200

     Issuance of capital stock for expenses       15,000            --         21,875




Net Cash Used  by Operations                     (19,275)           --        (56,020)
                                                --------      ----------     --------

CASH FLOWS FROM INVESTING ACTIVITIES

                                                    --              --           ---
                                                --------      ----------     --------

CASH FLOWS FROM FINANCING ACTIVITIES

    Proceeds form issuance of capital stock        6,000            --         40,050
    Cash contributed to capital                    8,453            --         16,311


Net Increase (Decrease) in Cash                   (4,822)           --            341

Cash at Beginning of Period                        5,163            --           --
                                                --------      ----------     --------

Cash at End of Period                           $    341      $     --       $    341
                                                ========      ==========     ========



SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

Issuance of 27,500 shares of common stock for a mining lease - 1994          $  6,875
                                                                             --------

Issuance of 200,000 shares of common stock for services - 1999               $  7,296
                                                                             --------
</TABLE>


   The accompanying notes are an integral part of these financial statements.


                                       -7-

<PAGE>

                               CALDERA CORPORATION
                          ( Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

================================================================================

1.   ORGANIZATION

The Company was  incorporated  under the laws of the state of Florida on January
8, 1980 with the name of  Skyfreight,  Inc.  On  September  9, 1994 the name was
changed to Caldera  Corporation  Inc.  and then on  September 9, 1996 to Caldera
Corporation.

On  September  9, 1994 the Company  increased  the  authorized  common  stock to
200,000,000  shares at a par value of $0.0025 in connection with a reverse stock
split of five shares of  outstanding  stock for one share.  On June 30, 1997 the
Company  completed a reverse stock split of 100 shares of outstanding  stock for
one share.  This report has been  prepared  showing the after stock split shares
outstanding, with a par value of $0.0025, from inception.

From 1980 until 1986 the  Company  was  engaged in the air  freight  business in
Miami,  Florida and then during 1994  acquired  options to purchase  gold mining
leases  located  in Chile and  Alaska  and on April  26,  1997 the  leases  were
transferred  to Au  International  Inc.(a  related  party) in  exchange  for the
assumption  of all the  Company's  liabilities  and since that date has remained
inactive.

The Company is considered to be a development stage company after 1993.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods
------------------

The  Company  recognizes  income and  expenses  based on the  accrual  method of
accounting.

Dividend Policy
---------------

The Company has not yet adopted a policy regarding payment of dividends.

Income Taxes
------------

At  December  31,  1998,  the Company had net  operating  loss carry  forward of
$77,056.  The tax benefit from the loss carry forward has been fully offset by a
valuation  reserve  because the use of the future tax benefit is doubtful  since
the Company has no operations. The loss carryforward will expire starting in the
years 1997 through 2019

Earnings (Loss) Per Share
-------------------------

Earnings  (loss) per share  amounts are computed  based on the weighted  average
number of shares  actually  outstanding,  after the stock splits,  in accordance
with FASB 128.


                                       -8-

<PAGE>

                               CALDERA CORPORATION
                          ( Development Stage Company)
                    NOTES TO FINANCIAL STATEMENTS (Continued)

================================================================================

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Financial Instruments
---------------------

The  carrying  amounts of  financial  instruments,  including  cash and accounts
payable,  are considered by management to be their estimated fair values.  These
values are not  necessarily  indicative  of the amounts  that the Company  could
realize in a current market exchange.

Estimates and Assumptions
-------------------------

Management uses estimates and assumptions in preparing  financial  statements in
accordance with generally accepted  accounting  principles.  Those estimates and
assumptions  affect the  reported  amounts of the  assets and  liabilities,  the
disclosure of contingent  assets and liabilities,  and the reported revenues and
expenses.  Actual  results  could vary from the  estimates  that were assumed in
preparing these financial statements.

4.   GOING CONCERN

The  Company's  management  intends to  acquire  interests  in various  business
opportunities which, in the opinion of management,  will provide a profit to the
Company.  Continuation  of the  Company  as a going  concern is  dependent  upon
obtaining  the  additional  working  capital  necessary to be  successful in its
planned  activity,  and the  management of the Company has developed a strategy,
which it believes will  accomplish  this  objective  through  additional  equity
funding  and long term  financing,  which will enable the Company to operate for
the coming year.
















                                       -9-

<PAGE>

--------------------------------------------------------------------------------

                           ITEM 2. PLAN OF OPERATIONS

--------------------------------------------------------------------------------

The  Company's  management  intends to  acquire  interests  in various  business
opportunities which, in the opinion of management,  will provide a profit to the
Company.  Continuation  of the  Company  as a going  concern is  dependent  upon
obtaining  additional  working  capital  and the  management  of the Company has
developed a strategy,  which it believes will accomplish this objective  through
additional equity funding and long term financing, which will enable the Company
to operate in the future. The Company's officers plan to pay any future expenses
of the Company as short term loans until a profitable  business  opportunity and
additional funding can be obtained.

Liquidity and Capital Resources
-------------------------------

The  Company  will need  additional  working  capital  to  finance  its  planned
activity.

Results of Operations
---------------------

The Company has had no operations during this reporting period.


                              PART 2 - SIGNATURES



--------------------------------------------------------------------------------

                                   SIGNATURES

--------------------------------------------------------------------------------

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned there unto duly authorized.


                               CALDERA CORPORATION
                               [Registrant]




Dated 27th , 1999              By /s/ Radd C. Berrett
                                  ----------------------------------------------
                                      Radd C. Berrett , President




Dated 27th , 1999              By /s/ Richard A. Ford
                                  ----------------------------------------------
                                      Richard A. Ford , Chief Financial Officer


                                      -10-