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, 1998
 

(  )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 address - 444 Seabreeze Blvd, Daytona Beach, Florida   32118 
(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 October 27, 1998
       Common  Stock, $0.0025                     166,250

INDEX
Page    
Number
PART I.      

     ITEM 1.     Financial Statements (unaudited)           3

          Balance Sheets                                    4
             September 30, 1998 and  December 31, 1997
     
          Statements of Operations
             For the three and nine months ended 
             September 30, 1998 and 1997                    5
             and the period from January 1, 
             1994 to September 30, 1998                                    

          Statement of Changes in Stockholders' Equity
             For the period from January 1, 1994  
             to  September 30, 1998                         6

          Statements of Cash Flows
              For the nine months ended September 30, 
              1998 and 1997                                 7
              and the period from January 1, 
              1994  to  September 30, 1998

          Notes to Financial Statements                     8

     ITEM 2.     Plan of Operations                        10

PART II.     Signatures                                    11
     
          <PAGE>
PART I - FINANCIAL INFORMATION



ITEM 1. FINANCIAL STATEMENTS




The accompanying   balance sheets of Caldera Corporation (a development stage 
company)  at  September 30, 1998 and December 31 1997, and the statements of 
operations for the three and nine months ended September 30, 1998 and 1997 and 
the period from January 1, 1994 to September 30, 1998,  the cash flows and  
the statement of stockholder' equity  for the nine months ended  September 30, 
1998 and 1997, and the period from January 1, 1994 to September 30, 1998, 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, 1998, are not 
necessarily indicative of the results that can be expected for the year ending 
December 31, 1998.
<PAGE>CALDERA CORPORATION
(A Development Stage Company)
BALANCE SHEETS
  September 30, 1998, and December 31, 1997


           
                                                September 30,     December 31,
                                                    1998               1997  

ASSETS

CURRENT ASSETS

     Cash                                       $       -          $      -
 
        Total Current Assets                    $       -          $      -

LIABILITIES AND STOCKHOLDERS' 
     EQUITY

CURRENT LIABILITIES

     Accounts payable                           $       -          $      -     

          Total Current Liabilities                     -                 -     

STOCKHOLDERS' EQUITY

     Common stock 
        200,000,000 shares authorized, 
        at $0.0025 par value, 
        166,250  shares issued and outstanding
                                                      416               416 
                
     Capital in excess of par value                60,149            60,149 
      
    Accumulated deficit                           (60,565)          (60,565)

          Total Stockholders' Equity                    -                 -    
                                                  $     -          $      -
                           

The accompanying notes are an integral part of these financial statements.
<PAGE>
CALDERA CORPORATION
(A Development Stage Company)
STATEMENTS OF OPERATIONS
For the Three and Nine Months Ended September 30, 1998, and 1997 
and the Period from January 1, 1994 to September 30, 1998
 

               
         Three Months  Nine Months  Three Months  Nine Months  January 1, 1994
         September 30, September 30, September 30, September 30,     (note 1)
            1998           1998         1997         1997     September 30, 1998


REVENUES    $    -       $    -        $   -        $    -         $      - 


EXPENSES         -            -            -          9,053           154,589 


NET LOSS 
- operations     -            -            -         (9,053)         (154,589)

OTHER INCOME

 Gain on 
 transfer 
 of assets and 
 assumption of 
 liabilities
 by related 
 party - 
 note 1           -           -            -         94,024           94,024 
                                                                                

NET PROFIT 
(LOSS)       $    -      $    -        $   -     $   84,971      $   (60,565) 



BASIC GAIN 
(LOSS) PER 
COMMON SHARE

Loss before 
other 
income       $    -      $    -        $   -     $   ( .05)
Other income      -           -            -           .56 
  Net income      -           -            -           .51 
                 
AVERAGE 
OUTSTANDING
SHARES     

     Basic                 166,250       166,250       166,250         166,250 


The accompanying notes are an integral part of these financial statements.
<PAGE>
CALDERA CORPORATION
( A Development Stage Company)
STATEMENT OF CHANGES  IN STOCKHOLDERS' EQUITY
For  the  Period  From January 1,  1994 to September 30,  1998 



                                   
                                                      Capital in
                                 Common Stock           Excess 
                                                          of       Accumulated
                             Shares        Amount     Par Value       Deficit

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
                         
Balance December 31,  1997   166,250         416        60,149       (60,565) 
     
Net operating profit (loss) 
for the nine months
ended September 30, 1998         -             -            -            -    

Balance September 30, 1998   166,250       $ 416      $ 60,149     $ (60,565)
           

The accompanying notes are an integral part of these financial statements.
<PAGE>CALDERA CORPORATION
( A Development Stage Company)
STATEMENT OF CASH FLOWS
For the Nine Months Ended September 30, 1998, and 1997 
and the Period from January 1, 1994 to September 30, 1998

               
                            Nine Months     Nine Months     January 1, 1994 to
                                 Ended          Ended           (Note 1)     
                           September 30,    September 30,      
                               1998               1997      September 30, 1998


CASH FLOWS FROM 
OPERATING ACTIVITIES:                    

Net profit (loss)              $    -         $   84,971        $   (60,565)
Adjustments to reconcile 
net loss to net cash provided 
by operating activities:

Change in accounts payable          -              8,820            154,589
Gain on transfer of assets          -            (94,024)           (94,024)

Net Cash Used  by Operations        -               (233)               -       

CASH FLOWS FROM INVESTING 
ACTIVITIES:                         -                -                  -

CASH FLOWS FROM FINANCING 
ACTIVITIES:                         -                -                  -      

Net Increase (Decrease) in 
Cash                                -               (233)               -      

Cash at Beginning of Period         -                233                -      

Cash at End of Period         $     -          $     -            $     -      


SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

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


The accompanying notes are an integral part of these financial statements.
<PAGE>CALDERA CORPORATION
( A 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.

On April 26, 1997 the remaining assets of the Company were transferred to Au 
International Inc.(a related party)  in exchange for the assumption of all its 
liabilities and since that date the Company has remained inactive.

Since the asset transfer there have been disputes over some of the liabilities 
assumed.  Au International Inc. has agreed to settle the disputes, however, 
the creditors may   make claims against the company. 

During 1996 the Company set up a stock option plan covering 500,000 unissued 
common shares of the Company.  At the date of this report no shares had been 
issued under the plan. 

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, 1997, the Company  had  net operating loss  carry forward of 
$60,565. 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 2013
           
CALDERA CORPORATION
( A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS (Continued)



2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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, using the 
treasury stock method in accordance with FASB No. 128.

Financial Instruments

The carrying amounts of financial instruments  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.

3.  RELATED PARTY TRANSACTIONS

See note 1 for the transfer of all remaining assets and the assumption of 
liabilities to a related party.
The officers and directors of the Company are involved in other business 
activities and they may, in the future, become involved in additional business 
ventures which also may require their attention. If a specific business 
opportunity becomes available, such persons may face a conflict in selecting 
between the Company and their other business interests. The Company has 
formulated no policy for the resolution of such conflicts.

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 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. 

Management recognizes that, if it is unable to raise additional capital, it 
cannot conduct any  operations in the future.

5.  CONTINGENT LIABILITIES
 
See note 1 for possible claims from liabilities assumed by related party.



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 additional funding 
can be obtained.

Liquidity and Capital Resources

At September 30, 1998 the Company had no assets or  liabilities.

Results of Operations

The Company has had no operations during this reporting period.

 <PAGE>
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 November 3, 1998                         By 
                                             Radd C. Berrett, President


Dated November 3, 1998                         By 
                                             Richard A. Ford , Chief Financial 
                                             Officer