Shell Programming and Scripting

#!/bin/bash

# Remove all ^ and \n from the source file, except do not remove ^^^\n
 cat myfile.hold  | awk '
 BEGIN {FS="|"; OFS="|"; OUTPUT=""}
 {
  gsub("\^$","",$0);
  gsub("\^\^$","^",$0);
  OUTPUT=OUTPUT $0;
  if (match(OUTPUT, "\^$"))
  {
   printf ("%s\n", OUTPUT);
   OUTPUT="";
  }
 } ' - > UNIQUENAME.out
 mv UNIQUENAME.out /testing/name.out

awk: cmd. line:4: warning: escape sequence `\^' treated as plain `^'