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SCO Posts Loss, Revenue Down -- What Else is New? (Groklaw)

[Posted April 14, 2005 by cook]

Groklaw looks at the latest SCO financial results. "The Lindon, Utah, company posted a net loss of $2.96 million, or 17 cents a share, in the fiscal first quarter ended Jan. 31, compared with a loss of $2.49 million, or 18 cents a share, a year earlier."

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Posted Apr 27, 2005 15:58 UTC (Wed) by TxtEdMacs (guest, #5983) [Link]

If the per share loss is down but the total loss has increased the question arises: "who or what is stupid enough to purchase new shares?". Moreover, it was my impression that SCO was supposed to be buying up outstanding shares to "increase its value".

Just wondering.