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SCO Posts 2nd Quarter Loss

stncttr908   on 09 September 2005 - 16:59 · 17 comments & 2698 views

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SCO has posted a loss of $2.4 million for the quarter that ended July 30th, largely in part to its failing SCO Source initiative and rising legal costs in its cases against IBM, Novell, and others over what it claims to be unlawful inclusion of its intellectual property in Linux. The resulting licensing program, known as SCO Source, has only brought in $32,000 in revenues. SCO claims that licensing with the company will result in legal immunity from its legal department, but many analysts in the industry view the initiative as a groundless threat. Alongside rising legal costs, lower revenues from SCO's UNIX products are also to blame for the overall decrease in revenues from this same quarter last year.

News source: CNet News.com





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#1 Chicane-UK on 09 Sep 2005 - 17:00
And slowly but surely the knife twists and turns in the slowly dying piece of crap that is SCO.. the sooner they go bust the better.
#2 Mathiasdm on 09 Sep 2005 - 17:03
Oh, wait, SCO... They still exist?
#3 ahhell on 09 Sep 2005 - 17:04
Can anyone say "Karma"?

Die SCO die.
#4 Drone on 09 Sep 2005 - 17:13
haha! As if they were EVER going to win! I bet the people who've paid money to SCO are kicking themselves now.
#5 The_Decryptor on 09 Sep 2005 - 17:32
well, yay.
#6 versiondub on 09 Sep 2005 - 18:08
Tee hee!
#7 markjensen on 09 Sep 2005 - 18:36
Man, this thing has been dragging on for too long...

It is amusing to remember the many comments in here when the lawsuit was first announced. A lot of anti-Linux people supported the SCO position back then.

Even SCO has changed their claims and have dropped the "code-copying thieves" bit, and it is now mostly a contractual dispute between them and IBM, with legal wrangling over the definition of "derivitave works".
(1 reply) #8 SweWiLLiE on 09 Sep 2005 - 19:55
And if IBM wont finnish them of, I'm sure Novell will crush the remainings.
#8.1 b0b on 10 Sep 2005 - 01:21
SCO is going to be done after IBM gets thru with them, but just in case there is anything left of them, Novell can poke them till them die the death they deserve. Greedy S.O.B.'s
#9 toadeater on 09 Sep 2005 - 19:58
One small victory for the good guys.
#10 Homer™ on 09 Sep 2005 - 20:04
And I bet that $32k profit from the licensing was alllll EV1
#11 Bwizzel-B on 09 Sep 2005 - 20:45
The best possible situation has resulted from SCO's lawsuit:

1) They lost all credibility in the business world.
2) They have lost profitibility (now that folks are realizing that there is no reason to fear SCO).
3) They are dying a slow, painful death.

The best possible thing to have happen at this point is to simply exclude SCO from new technology support, which will seal their fate. Hell, they couldn't even come up with a decent desktop manager in 15 years..... to hell with them!

Last edited by 36150 on 10 Sep 2005 - 02:31
#12 darkhooda on 09 Sep 2005 - 21:20
They made a TERRIBLE business move. It's just like Argentina going against all those big countries against them. They sued IBM, RedHat, Novell SuSe, AutoZone, and Daimler Chrysler. Each of these are at least 15 times larger than it. It's financial suicide for a company that isn't litigation-based.
#13 b0b on 10 Sep 2005 - 01:23
SCO could have been smart by not messing with IBM, but no, they had to mess with "Big Blue". Now it will cost them the company.
#14 qrich19 on 10 Sep 2005 - 12:09
They made this bed so they can sleep in it now.
#15 werejag on 11 Sep 2005 - 08:21
im so sad how can.... this still exist atm


die damn it
#16 Ziria on 12 Sep 2005 - 13:58
They should just make a "SCO posts quarterly loss until further notice" article

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