SCO financial losses mount

[Renew Deal]

Update: SCO financial losses mount
Cites drop in licensing revenue for shortfall

By Robert McMillan, IDG News Service June 10, 2004

Revenue for the company's second fiscal quarter, ended April 30, was just over $10.1 million, less than half the $21.4 million it reported in the same quarter last year, when SCO was earning money from software licensing deals with Microsoft Corp. and Sun Microsystems Inc.

The reduction in revenue was "primarily the result of a lack of SCOsource licensing revenue," which totaled $8.3 million in the year-ago quarter, SCO said in a statement.

The SCOsource program brought in just $11,000 in revenue for the quarter, a drop from the $20,000 SCO reported in the second quarter.

"We understand that many people out there have complained about this program," said SCO Chief Executive Officer Darl McBride during a conference call with press and analysts Thursday morning.

Linux vendor Novell Inc. claims that it, and not SCO, owns the copyright to the Unix System V source code that SCO believes was improperly contributed to Linux, and these claims have raised questions amongst potential SCOsource customers, McBride said. "The licensing program did no take off the way it initially appeared it might," he said.
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http://www.infoworld.com/article/04/06/10/HNscolosses_1.html

F*** SCO. Their goon tactics aren't going to work and they will be bounced out of court. Hopefully that's enough to put them out of business.