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SCO Group 3rd quarter results
Here's SCO's press release on its third-quarter results. $11.2 million in revenue, for a $7.4 million loss. SCOsource revenue was $678,000, from two sources; one will be EV1Servers.Net; the other is a mystery licensee. SCO has also worked a new deal with its lawyers capping its cash outflow at $31 million, but giving them a bigger chunk of any settlement.
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Stock buyback Posted Sep 1, 2004 0:08 UTC (Wed) by dmarti (subscriber, #11625) [Link] How much more of their own stock can they buy?"Available-for-sale securities" April 30, 2004: 15,650 "Available-for-sale securities" July 31, 2004: 27,045 (amounts $thousands)
Can it get any better? Posted Sep 1, 2004 0:41 UTC (Wed) by jre (guest, #2807) [Link] I had no idea that a quarterly report could be genuinely hilarious.Let's see: from Q3 '03 to Q3 '04 revenue, $20.06M went to $11.21M. from Q3 '03 to Q3 '04 net, +$7.42M went to -$3.10M. Lending his penetrating intellect to the analysis, Darl McBride summed up by saying Several positive developments fell into place for us this quarter that strengthened the Company's overall position ...But the choicest comment had to do with SCOsource extortion^H^H^H^H^H^H^H^H^H licensing revenue: However, SCOsource licensing revenue did increase by $667,000 from the prior quarter ended April 30, 2004.Yes -- from $11,000 to $678,000! I reckon that to be a 6,136% increase from quarter to quarter, leading to the reasonable assumption that SCOsource will make $42,000,000 next quarter and pretty much control the world's economy in a couple of years. No wonder Darl is swelling with gas^H^H^H justified pride!
SCO Group 3rd quarter results Posted Sep 1, 2004 14:11 UTC (Wed) by epeeist (guest, #1743) [Link] Well somebody thinks the results are good. The share price has reached the $4 mark again.
SCO Group 3rd quarter results Posted Sep 1, 2004 15:10 UTC (Wed) by hamjudo (subscriber, #363) [Link] The volume is pretty low. Maybe someone is manipulating the price...
SCO Group 3rd quarter results Posted Sep 1, 2004 16:47 UTC (Wed) by ncm (subscriber, #165) [Link] Certainly somebody is manipulating the price. We even know who they're using to manipulate the price: "Wilson-Davis & Co., a market maker in Salt Lake City, Utah, a city with a long-standing reputation as a key centre for dubious penny stock deals."
SCO Group 3rd quarter results Posted Sep 1, 2004 15:44 UTC (Wed) by dmarti (subscriber, #11625) [Link] Stowell added, "They didn't pay full retail price on each server, but the deal was still worth seven figures all together for SCO."SCO Reveals Its First Linux Licensee, 1 March 2004 So either Blake Stowell does his forecasting in octal, or there's more EV1 money in the pipe somewhere.
SCO Group 3rd quarter results Posted Sep 1, 2004 15:58 UTC (Wed) by smoogen (subscriber, #97) [Link] Canadian dollars..
SCO Group 3rd quarter results Posted Sep 1, 2004 16:50 UTC (Wed) by ncm (subscriber, #165) [Link] Since EV1 is enjoined from revealing the terms of the deal, we don't know how much of a discount they got from Microsoft on their Windows licenses at the same time. It would be fun to have the paperwork on that deal subpoenaed.
SCO Group 3rd quarter results Posted Sep 1, 2004 17:28 UTC (Wed) by jwb (guest, #15467) [Link] The revenue from the deal is recognized over "several" quarters, although the company declines to specify how much or how many. They still maintain it's worth more than $1m.
SCO Tour Posted Sep 1, 2004 18:36 UTC (Wed) by freemars (subscriber, #4235) [Link] tSCOg announces a sales tour, visiting the cities of Minneapolis, MN; Montreal, QC; Vancouver, BC; Irvine, CA; Sherman Oaks, CA; Chicago, IL; Dallas, TX; Toronto, ON; Atlanta, GA; New York, NY; Orlando, FL; and Boston, MA. Your chance to SCOff at them in person.
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