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SCO Group reports quarterly loss amid legal battle against IBM

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SCO Group reports quarterly loss amid legal battle against IBM
Topic: Technology 10:43 am EDT, Jun 11, 2004

] SALT LAKE CITY %u2014 SCO Group posted a
] larger-than-expected loss in the second quarter as
] revenue dropped and expenses mounted in its legal fight
] over claims that the Linux operating system infringes on
] the company's intellectual property.
]
] Lindon, Utah-based SCO lost $14.9 million, or $1.06 per
] share, in the three months ended April 30. That compared
] with a profit of $4.5 million, or 33 cents a share, for
] the year-earlier quarter, the company said Thursday.
]
] Revenue decreased by more than half to $10.1 million from
] $21.3 million.
]
] Analysts were expecting a loss of 33 cents per share on
] sales of $11.6 million, according to a survey by Thomson
] First Call.
]
] Shares of SCO closed at $4.89, down 55 cents, or more
] than 10%, in Thursday trading on the Nasdaq Stock Market.

Good news. Maybe they go bankrupt.

SCO Group reports quarterly loss amid legal battle against IBM



 
 
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