Caldera International, Inc. and Tarantella, Inc. Agree On Early Redemption of Promissory Note and Stock Repurchase

Apr 01, 2002, 00:00 ET from Caldera International, Inc.

    LINDON, Utah, April 1 /PRNewswire-FirstCall/ --
 Caldera International, Inc. (Nasdaq:   CALDD) today announced it has completed
 an agreement with Tarantella, Inc. (Nasdaq:   TTLA) involving the early
 redemption of a note currently held by Tarantella.  Additionally, Caldera
 agreed to the buyout of licenses for products bundled in older releases of The
 Santa Cruz Operation, Inc.'s (SCO's) software, and the buyback of 500,000
 shares of Caldera stock, currently owned by Tarantella.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010109/LATU087LOGO-a )
     This agreement accelerates certain elements of last year's transaction in
 which Caldera purchased assets and certain operations from Tarantella, Inc.,
 then known as The Santa Cruz Operation.  The details of the current
 arrangement are:
 
     --  Caldera has agreed to a $5 million early redemption of their
         promissory note, which was payable in four quarterly installments of
         $2 million each.
 
     --  Caldera also purchased a paid-up license to continue bundling the
         Tarantella products VisionFS, TermLite and Webtop, which were bundled
         in SCO OpenServer and UNIXWare products prior to closure of last
         year's transaction.
 
     --  Caldera will purchase 500,000 shares of Caldera stock from Tarantella
         for $555,100.
 
     Caldera International, Inc.
     Caldera International (Nasdaq:   CALDD) provides "Powerful Choices" for
 businesses through its UNIX, Linux and Volution product lines and services.
 Based in Lindon, UT, Caldera has representation in 82 countries and
 16,000+ resellers worldwide.  Caldera Global Services provides reliable
 localized support and services to partners and customers.  For more
 information on Caldera products and services, visit http://www.caldera.com .
 
     Caldera, the Caldera logos, Caldera Volution, OpenLinux, SCO and the
 associated SCO logo, and SCO OpenServer are trademarks or registered
 trademarks of Caldera International, Inc. in the U.S. and other countries.
 Caldera Global Services is a service mark of Caldera International, Inc.  UNIX
 is a registered trademark of The Open Group in the United States and other
 countries.  Linux is a registered trademark of Linus Torvalds.  All other
 brand or product names are or may be trademarks of, and are used to identify
 products or services of, their respective owners.
 
     Forward Looking Statements
     The statements set forth above include forward-looking statements that
 involve risks and uncertainties.  The Company wishes to advise readers that a
 number of important factors could cause actual results to differ materially
 from those in the forward-looking statements.  These factors include the
 ability of the Company to successfully meet its revenue projections, which are
 based in part, on the continued acceptance in the marketplace of the
 historical products of the acquired operations; the ability of the Company to
 develop and successfully introduce products integrating its products and
 services with those historically offered by the recently acquired operations;
 the ability of the Company to continue to manage its cost reductions without
 adversely affecting customer service and employee productivity; the ability of
 recently introduced and new products to operate as designed, including
 compatibility with various platforms in the absence of other defects; the
 Company's reliance on developers in the open source community; new and
 changing technologies and customer acceptance of those technologies; the
 Company's ability to compete effectively with other companies; failure of our
 brand to achieve the broad recognition necessary to succeed; unenforceability
 of the GNU general public license and other Open Source licenses; our reliance
 on third party developers of components of our software offerings; claims of
 infringement of third-party intellectual property rights; and disruption in
 the Company's distribution sales channel.  These and other factors, which
 could cause actual results to differ materially, are discussed in more detail
 in the Company's filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X26088990
 
 

SOURCE Caldera International, Inc.
    LINDON, Utah, April 1 /PRNewswire-FirstCall/ --
 Caldera International, Inc. (Nasdaq:   CALDD) today announced it has completed
 an agreement with Tarantella, Inc. (Nasdaq:   TTLA) involving the early
 redemption of a note currently held by Tarantella.  Additionally, Caldera
 agreed to the buyout of licenses for products bundled in older releases of The
 Santa Cruz Operation, Inc.'s (SCO's) software, and the buyback of 500,000
 shares of Caldera stock, currently owned by Tarantella.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010109/LATU087LOGO-a )
     This agreement accelerates certain elements of last year's transaction in
 which Caldera purchased assets and certain operations from Tarantella, Inc.,
 then known as The Santa Cruz Operation.  The details of the current
 arrangement are:
 
     --  Caldera has agreed to a $5 million early redemption of their
         promissory note, which was payable in four quarterly installments of
         $2 million each.
 
     --  Caldera also purchased a paid-up license to continue bundling the
         Tarantella products VisionFS, TermLite and Webtop, which were bundled
         in SCO OpenServer and UNIXWare products prior to closure of last
         year's transaction.
 
     --  Caldera will purchase 500,000 shares of Caldera stock from Tarantella
         for $555,100.
 
     Caldera International, Inc.
     Caldera International (Nasdaq:   CALDD) provides "Powerful Choices" for
 businesses through its UNIX, Linux and Volution product lines and services.
 Based in Lindon, UT, Caldera has representation in 82 countries and
 16,000+ resellers worldwide.  Caldera Global Services provides reliable
 localized support and services to partners and customers.  For more
 information on Caldera products and services, visit http://www.caldera.com .
 
     Caldera, the Caldera logos, Caldera Volution, OpenLinux, SCO and the
 associated SCO logo, and SCO OpenServer are trademarks or registered
 trademarks of Caldera International, Inc. in the U.S. and other countries.
 Caldera Global Services is a service mark of Caldera International, Inc.  UNIX
 is a registered trademark of The Open Group in the United States and other
 countries.  Linux is a registered trademark of Linus Torvalds.  All other
 brand or product names are or may be trademarks of, and are used to identify
 products or services of, their respective owners.
 
     Forward Looking Statements
     The statements set forth above include forward-looking statements that
 involve risks and uncertainties.  The Company wishes to advise readers that a
 number of important factors could cause actual results to differ materially
 from those in the forward-looking statements.  These factors include the
 ability of the Company to successfully meet its revenue projections, which are
 based in part, on the continued acceptance in the marketplace of the
 historical products of the acquired operations; the ability of the Company to
 develop and successfully introduce products integrating its products and
 services with those historically offered by the recently acquired operations;
 the ability of the Company to continue to manage its cost reductions without
 adversely affecting customer service and employee productivity; the ability of
 recently introduced and new products to operate as designed, including
 compatibility with various platforms in the absence of other defects; the
 Company's reliance on developers in the open source community; new and
 changing technologies and customer acceptance of those technologies; the
 Company's ability to compete effectively with other companies; failure of our
 brand to achieve the broad recognition necessary to succeed; unenforceability
 of the GNU general public license and other Open Source licenses; our reliance
 on third party developers of components of our software offerings; claims of
 infringement of third-party intellectual property rights; and disruption in
 the Company's distribution sales channel.  These and other factors, which
 could cause actual results to differ materially, are discussed in more detail
 in the Company's filings with the Securities and Exchange Commission.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X26088990
 
 SOURCE  Caldera International, Inc.