GMT Caldera is to follow fellow Linux distributor Red Hat down the IPO trail later rather than sooner. The company's plan to go public will now not take place until next year and not next month after all, according to sources cited by US newswires. The reason for the decision appears to be advice from Caldera's underwriters, who reckon that hi-tech stocks aren't as popular right now as they have been of late largely as investors are beginning to realise they're more than a little overvalued.
Caldera wants the money it hopes to make through the IPO for expansion.
Competing directly with these players, particularly Microsoft, means getting out there and marketing not only Linux but Caldera as the key Linux supplier. The telling part of Red Hat's most recent results is that the bulk of the company's revenue continues to come from product sales. And if Caldera doesn't, Corel, as a retail software supplier and not a service-oriented organisation, almost certainly will. If you want daily updates on news, enter your email address below, then click the 'Join List' button.