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        March 31, 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 April 8, 1999
--------------------------------          -------------------------------
     Common  Stock, $0.0025                         2,776,250

                                       -1-

<PAGE>


<TABLE>
<CAPTION>

                                                       INDEX

                                                                                                           Page
                                                                                                          Number
                                                                                                          ------
PART I.

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

                            Balance Sheets...................................................................4
                               March 31, 1999 and  December 31, 1998

                            Statements of Operations
                               For the three  months ended  March  31, 1999 and 1998.........................5
                                              and the period from January 1, 1994 to March 31, 1999


                            Statement of Changes in Stockholders' Equity
                               For the period from January 1, 1994  to March  31, 1999   ....................6

                            Statements of Cash Flows
                                For the three months ended March 31, 1999 and 1998...........................7
                                              and the period from January 1, 1994  to  March 31, 1999


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

          ITEM 2.           Plan of Operations..............................................................11

PART II.                    Signatures......................................................................12
</TABLE>



                                       -2-

<PAGE>




                         PART I - FINANCIAL INFORMATION

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


                          ITEM 1. FINANCIAL STATEMENTS

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



The  accompanying  balance sheets of Caldera  Corporation  (a development  stage
company)  at  March  31,  1999  and  December  31 1998,  and the  statements  of
operations  for the three  months  ended  March 31, 1999 and 1998 and the period
from  January 1, 1994 to March 31,  1999,  the cash flows and the  statement  of
stockholder'  equity for the three months ended March 31, 1999 and 1998, and the
period  from  January  1, 1994 to March 31,  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 March 31,  1999,  are not  necessarily
indicative of the results that can be expected for the year ending  December 31,
1999.

                                       -3-

<PAGE>

<TABLE>
<CAPTION>

                               CALDERA CORPORATION
                          (A Development Stage Company)
                                 BALANCE SHEETS
                      March 31, 1999, and December 31, 1998

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


                                                               March 31,         December 31,
                                                                 1999               1998    
                                                            ----------------  --------------

ASSETS

<S>                                                            <C>            <C>        
CURRENT ASSETS

   Cash                                                        $     6,607    $     5,163
                                                               -----------    -----------

       Total Current Assets                                    $     6,607    $     5,163
                                                               ===========    ===========

LIABILITIES AND STOCKHOLDERS'
   EQUITY

CURRENT LIABILITIES

   Accounts payable                                            $      --      $     8,796
                                                               -----------    -----------

       Total Current Liabilities                                      --            8,796
                                                               -----------    -----------

STOCKHOLDERS' EQUITY

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

   Capital in excess of par value                                   87,482         72,982

    Accumulated deficit                                            (87,816)       (77,056)
                                                               -----------    -----------

       Total Stockholders' Equity                                    6,607         (3,633)
                                                               -----------    -----------

                                                               $     6,607    $     5,163
                                                               ===========    ===========
</TABLE>






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


                                       -4-

<PAGE>

<TABLE>
<CAPTION>

                               CALDERA CORPORATION
                          (A Development Stage Company)
                          STATEMENTS OF OPERATIONS For
                   the Three Months Ended March 31, 1999, and
                    1998 and the Period from January 1, 1994
                                to March 31, 1999

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


                                  Three Months     Three Months      January 1, 1994 to
                                    March 31,       March 31,            (note 1)
                                      1999             1998           March 31, 1999
                                  ------------     ------------      ------------------


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


EXPENSES                                10,760           --               63,176
                                     ---------      ---------           ---------


NET LOSS                             $ (10,760)     $    --            $ (63,176)
                                     =========      =========           =========




 GAIN (LOSS) PER
   COMMON SHARE

     Basic
                                     $   (.016)      $    --
                                     ---------        ---------       

AVERAGE
     OUTSTANDING
     SHARES

     Basic                             609,583          166,250
                                     ---------        ---------
</TABLE>




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


                                       -5-

<PAGE>

<TABLE>
<CAPTION>

                               CALDERA CORPORATION
                         (A Development Stage Company)
                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
              For the Period From January 1, 1994 to March 31, 1999


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


                                                                                              
                                                           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                    --                   --

Net operating loss for the three months
    ended March 31, 1999                                  --                   --                     --               (10,760)
                                                    ------------           ------------        ------------          ------------


Balance March 31, 1999                              2,776,250              $ 6,941               $ 87,482            $ (87,816)
                                                    ============           ============        ============          ============ 

</TABLE>




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


                                       -6-

<PAGE>
<TABLE>
<CAPTION>


                               CALDERA CORPORATION
                          (A Development Stage Company)
                           STATEMENT OF CASH FLOWS For
                   the Three Months Ended March 31, 1999, and
                    1998 and the Period from January 1, 1994
                                to March 31, 1999

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



                                                        Three Months     Three Months  January 1, 1994 to
                                                           Ended            Ended         (Note 1)
                                                          March 31,        March 31,
                                                             1999            1998       March 31, 1999
                                                      --------------  ---------------  ------------------


<S>                                                      <C>          <C>                 <C>       
CASH FLOWS FROM
OPERATING ACTIVITIES

Net profit (loss)                                        $ (10,760)   $       --          $ (63,176)

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

    Change in accounts payable                              (8,796)           --               --

     Issuance of capital stock for expenses                 15,000            --             21,875
                                                         ------------ ------------        ------------ 
Net Cash Used  by Operations                                (4,556)           --            (41,301)
                                                         ------------ ------------        ------------ 

CASH FLOWS FROM INVESTING ACTIVITIES
                                                               --             --               --    
                                                         ------------ ------------        ------------ 
CASH FLOWS FROM FINANCING ACTIVITIES

    Proceeds form issuance of capital stock                  6,000            --             40,050
    Cash contributed to capital                                --             --              7,858
                                                         ------------ ------------        ------------ 

Net Increase (Decrease) in Cash                              1,444            --              6,607

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

Cash at End of Period                                    $   6,607    $       --          $   6,607
                                                         ============ ============        ============


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
                         (A Developement 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 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.

The Company is considered to be a developement 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,  using the
treasury stock method in accordance with FASB No. 128.



                                       -8-

<PAGE>




                               CALDERA CORPORATION
                          (A 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, 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.



                                       -9-

<PAGE>




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

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


5.  PROPOSED ACQUISITION OF RAGULA SYSTEMS, INC.

On March  16,  1999 the  Company  enterd  into a letter of  intent  with  Ragula
Systems, Inc. which provides for the acquisition of Ragula Systems, Inc. through
a stock for stock  exchange in which the  stockholders  of Ragula would  receive
6,000,000  common  shares of the  Company  in  exchange  for all of the stock of
Ragula  Systems,  Inc.  As part of the  consideration  the Company has agreed to
raise a minimum of  $5,000,000  through the issuance of 2,000,000  shares of the
Company.  After the completion of the terms of the exchange the  stockholders of
Ragula will own 60% of the Company with a finalization date of July 1, 1999

For reporting purposes, the acquisition will be treated as an acquisition of the
Company by Ragula (reverse acquisition) and a recapitalization of Ragula.

Ragula  Systems,  Inc. is in the business of  developing  and  marketing its own
patent pending software designed for use in the internet field.






                                      -10-

<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.As  outlined below  management  has entered into a proposed  acquisition
however  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
-------------------------------

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.

Proposed  Acquisition of Ragula Systems, Inc.
---------------------------------------------

On March  16,  1999 the  Company  enterd  into a letter of  intent  with  Ragula
Systems, Inc. which provides for the acquisition of Ragula Systems, Inc. through
a stock for stock  exchange in which the  stockholders  of Ragula would  receive
6,000,000  common  shares of the  Company  in  exchange  for all of the stock of
Ragula  Systems,  Inc.  As part of the  consideration  the Company has agreed to
raise a minimum of  $5,000,000  through the issuance of 2,000,000  shares of the
Company.  After the completion of the terms of the exchange the  stockholders of
Ragula will own 60% of the Company with a finalization date of July 1, 1999

Ragula  Systems,  Inc. is in the business of  developing  and  marketing its own
patent pending software designed for use in the internet field.


                                      -11-

<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 4-29, 1999                  By /s/Radd C. Berrett                         
                                    ---------------------------
                                    Radd C. Berrett , President




Dated 4-29, 1999                  By /s/Richard A. Ford                         
                                    -----------------------------------------
                                    Richard A. Ford , Chief Financial Officer




                                      -12-