Caldera records troubled Q3

Oh for the heady days of Linux vendor IPOs...

Oh for the heady days of Linux vendor IPOs...

Caldera has reported a $18.8m net loss for its third quarter and has announced it will make job cuts, which were widely expected following the takeover of Tarantella earlier last year. The company, which has been criticised in recent months by the open source community for its Linux plus Unix strategy, brought in $18.9m in revenue for the same three-month period, ending 31 July. CEO Ransom Love said cuts will take the shape of doing away with one layer of senior management and consolidating operations into two business lines. He will take on the roles of COO and president in addition to chief executive. The vendor forecasts its revenue for Q4 will be between $15m and $20m, and an operating loss of $20m to $24m.