Hey Guys,
I can't speak for the rest of the members of this email group but I
personally don't have time for your little squabble.
Shake hands and get over it.
Tim
----- Original Message -----
From: Erik Andersen <[EMAIL PROTECTED]>
To: Dave New <[EMAIL PROTECTED]>
Cc: <[EMAIL PROTECTED]>
Sent: Monday, March 27, 2000 4:04 PM
Subject: Re: RT Linux on StrongArm
> On Mon Mar 27, 2000 at 01:14:31PM -0800, Dave New wrote:
> > To be more than pendantic (8-), 34% of Lineo is owned
> > by Caldera. Not exactly a breakaway. More like
> > a strategic profit center launch. If Lineo tanks it
> > doesn't reflect too badly on Caldera's stock. If
> > it flies, Caldera makes a nice tidy sum. Also,
> > Lineo owns a little more than 3% of Caldera's stock.
> > The whole thing was set up as a stock swap. It's
> > in Caldera's IPO filing. Makes for interesting
> > reading, that.
>
> Yup. But it was only 17% (which is not a majority in my book).
>
> According to page F-26 of CalderaSystems' prospectus, CS bought about 3.25
> million shares of Lineo in return for about 1.25 million shares of CS,
which
> constitutes "approximately 17% of Lineo's outstanding common stock". It
is
> also mentioned on page 28 of CalderaSystems' prospectus, and that Ray
Noorda is
> a majority stockholder for both Lineo and CalderaSystems. Rumor has it
that
> the two companies were beginning to not play nicely together (from the
> prospectus, it is clear that CS wants to move into embedded in a big way)
and
> the majority stockholder decided to enforce some cooperation.
>
> The prospectus also mentions on page F-24 that sales to Lineo for the year
> ended 1999 totaled $1700. Hope they didn't spend it all in one place. :)
>
> -Erik
> Erik B. Andersen Web: http://www.xmission.com/~andersen/
> email: [EMAIL PROTECTED]
> --This message was written using 73% post-consumer electrons--
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