Caldera reverse stock split March 14

Caldera International shareholders approved a 1-for-4 reverse stock split Thursday, the struggling Linux and Unix seller said. The split will take effect March 14, at which point the 57.5 million outstanding shares will be converted into 14.4 million shares.

Caldera has been struggling, with an 11 million net loss in its most recent quarter. The company decided on a reverse stock split to increase its share prices to avoid being delisted from the Nasdaq market. On Monday, the company's stock dropped 7 cents, or 10 percent, to close at 60 cents per share.