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SCO's financial results are in |
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Thursday, March 01 2007 @ 04:19 PM EST
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SCO has presented their Quarterly results (Yahoo). Summary: $1 million loss on total revenues of $6 million. It has helped SCO's finances that they don't have their monthly payments to their lawyers anymore. Total assets are $18.4 million; which is less than the $25.8 million Novell requests for a constructive trust. -- MathFox
Condensed Consolidated Balance Sheet Data
(unaudited, in thousands)
January 31, October 31,
2007 2006
Assets:
Cash and cash equivalents $7,137 $5,369
Restricted cash 4,498 8,024
Available-for-sale marketable securities 500 2,249
Accounts receivable, net 4,010 5,123
Other 1,332 1,514
Total current assets 17,477 22,279
Property and equipment, net 519 608
Other 431 522
Total assets $18,427 $23,409
Liabilities:
Accounts payable $1,659 $2,338
Accrued payroll and other expenses 4,477 5,566
Deferred revenue 2,681 2,994
Other 1,627 4,237
Total current liabilities 10,444 15,135
Long-term liabilities 191 192
Stockholders' equity 7,792 8,082
Total liabilities and stockholders' equity $18,427 $23,409
Condensed Consolidated Statement of Operations Data
(unaudited, in thousands, except per share data)
Three Months Ended
January 31,
2007 2006
Products revenue $4,866 $6,000
SCOsource licensing revenue 23 30
Services revenue 1,126 1,313
Total revenue 6,015 7,343
Cost of products revenue 377 584
Cost of SCOsource licensing revenue 654 4,010
Cost of services revenue 559 637
Total cost of revenue 1,590 5,231
Gross margin 4,425 2,112
Operating expenses:
Sales and marketing 2,440 2,688
Research and development 1,759 1,871
General and administrative 1,323 1,592
Amortization of intangibles -- 592
Total operating expenses 5,522 6,743
Loss from operations (1,097) (4,631)
Equity in income (loss) of affiliate 42 (8)
Other income, net 143 145
Loss before provision for income taxes (912) (4,494)
Provision for income taxes (112) (87)
Net loss $(1,024) $(4,581)
Basic and diluted net loss per common share $(0.05) $(0.23)
Weighted average basic and diluted common
shares outstanding 21,186 20,062
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Authored by: WhiteFang on Thursday, March 01 2007 @ 04:30 PM EST |
Oh well.
---
The court cannot really consider the merits of SCO's case unless it has one.
Nothing on the horizon so far. - PM
We can all read SF ... for a day. - Peter H. S[ Reply to This | # ]
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- OT: Ratios - Authored by: Peter H. Salus on Thursday, March 01 2007 @ 04:35 PM EST
- Research - Authored by: Anonymous on Thursday, March 01 2007 @ 04:51 PM EST
- OT: Ratios - Authored by: Anonymous on Thursday, March 01 2007 @ 04:57 PM EST
- Wise who? - Authored by: PSaltyDS on Thursday, March 01 2007 @ 05:07 PM EST
- Wise who? - Authored by: Anonymous on Friday, March 02 2007 @ 01:52 AM EST
- Not SCO, but their lawyers... - Authored by: Anonymous on Thursday, March 01 2007 @ 05:05 PM EST
- R & D - Authored by: Anonymous on Thursday, March 01 2007 @ 06:01 PM EST
- Conference call - Authored by: BobinAlaska on Thursday, March 01 2007 @ 05:03 PM EST
- iwantmyopenid... pretty please? - Authored by: SilverWave on Thursday, March 01 2007 @ 05:32 PM EST
- Story in Computerworld about SCO in Germany - Authored by: BobinAlaska on Thursday, March 01 2007 @ 05:33 PM EST
- SUN joins FSF - Authored by: SpaceLifeForm on Thursday, March 01 2007 @ 05:35 PM EST
- Newspicks - Microsoft Windows ousted at California school district - Novell's big problem? - Authored by: Brian S. on Thursday, March 01 2007 @ 06:53 PM EST
- Why I personally HATE darl AND federal courts - Authored by: ZenDragon on Thursday, March 01 2007 @ 09:22 PM EST
- Microsoft deals out $73M worth of SuSE certificates - Authored by: SpaceLifeForm on Friday, March 02 2007 @ 12:18 AM EST
- OT Here, please - Authored by: rsteinmetz70112 on Friday, March 02 2007 @ 12:38 AM EST
- Tinfoil hat time - Authored by: Anonymous on Friday, March 02 2007 @ 02:08 AM EST
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Authored by: NetArch on Thursday, March 01 2007 @ 04:32 PM EST |
You know, so that we can see that SCOG's actually worth $18.4 "Billion"
dollars!
Said with a good Dr. Evil accent! --- NetArch -
building a better Internet one subnet at a time... [ Reply to This | # ]
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Authored by: TeflonPenguin on Thursday, March 01 2007 @ 04:55 PM EST |
From $6,000,000 to $4,866,000. A decline of about 19%. Ouch baby, very ouch...
---
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TelfonPenguin[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 04:56 PM EST |
Worth only $3.3 million if you look at the Equity less the restricted cash.
Ouch.[ Reply to This | # ]
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Authored by: russellphoto on Thursday, March 01 2007 @ 04:57 PM EST |
Oh, you have got to LOVE it. Cost of producing the $23,000 in SCO Source
revenue? $654,000. Priceless.
Jeez, they could have saved $624,000 in costs if they just dropped that
"revenue source" from their offerings. Most companys would see that
particular loss leader as a wounded horse and have shot it a long time ago.
Not tSCOg, gotta make the point that they have "precious" IP tangled
up in Linux. (snort, laugh, howl)
Russellphoto[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 05:00 PM EST |
they are sinking less fast. ;-)
Like the old Dilbert that starts as, "Our product is killing people."
By the time it reaches the board room the message is, "Decrease in
dissatisfied customers."[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 05:03 PM EST |
With only $1M net loss, they may actually last till the end. Unless of course
the court rules in Novell's favour on constructive trust. But they certainly
pulled a rabbit out of a hat with these results.[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 05:11 PM EST |
If SCOSource licenses still cost $600 each, and they made $23k off of them, that
means that in the last 6 months, they've sold 39 licenses, or maybe a bit more
if we figure some folks got discounts for, well, being willing to buy some.[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 05:44 PM EST |
SCO skirted the question on investments to complete their litigation, should it
be necessary, quite effectively.[ Reply to This | # ]
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Authored by: Anonymous on Thursday, March 01 2007 @ 06:30 PM EST |
SCO will still go bankrupt very imminent if only the Court orders SCO to pay
Novell $25 million.
Hence SCO's bankruptcy is still a very valid reason to ask for the $25 million.
And when it comes,it will prove that Novell had good reason to ask for the $25
million.
The sooner it is ordered,the more imminent bankruptcy will come.
[ Reply to This | # ]
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Authored by: Zarkov on Thursday, March 01 2007 @ 06:54 PM EST |
... almost exactly mirrors the drop in available for sale securities??
Cleaning house?[ Reply to This | # ]
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Authored by: kh on Friday, March 02 2007 @ 03:02 AM EST |
Don't look at the court case. What's happening there? Great time to put out
your financials. Keep everyone's mind off the court case.[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 03:07 AM EST |
The difference between Total current assets (17,477) and Total current
liabilities (10,444), so 7 million $, is fairly stable from last year. That is a
measure of how much cash they have to manage current day-to-day business.
By any measure, if any of the current actions materializes in a short term debt
or a provision (if Novell gets his way), ouch.
Accounting relies so much on certain or defined figures, that it does not
measure well when a company is betting too much.[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 04:11 AM EST |
Has anyone else noticed that this filing no longer says SCO is the owner of
UNIX? It says UNIX and Unixware are the registered trademarks of the Open Group.
This IS a big step.[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 12:05 PM EST |
From the sidebar article SCO's McBride:
'We're Undervalued'
"... There is no doubt that our enemy is well funded
and has deep pockets," McBride said. "Part of their strategy most likely is to
try and wear us down to the point where the case is decided not on the merits
but whether or not we can stay in the fight or not."
To keep the FUD from
living on, SCO must have its day in court. [ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 12:21 PM EST |
Let's all gloat over SCO's perdicament for a while. Then consider that as long
as the case keeps moving forward, regardless of how badly it goes for SCO, then
MS has achieved its goal of getting FUD into the marketplace.
Should SCO appear to run out of money, then a MS proxy can come forward with
another huge cash infusion to keep SCO afloat, and the lawsuit moving. What's
$25Million, even $1Billion to BillyGates? A pittance.
This case will go the distance. Then, appeals all the way to SCOTUS. I figure
another 10 years or so.
Sorry to be such a wet blanket, but that's what I see happening. Of course,
YMMV.
[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 12:38 PM EST |
Going by may bad math SCO sold 1.12million shares. for around 1.7 million
dollars
where does that income get booked?
Does it fall under "Products"??
Without that sale would the loss have been 2.8 million?
Also in the past the Restricted cash was the 5m equity bucket for legal expenses
not covered under the BSF agreement and $$ held for Novell.
It's down to 4 mill.. How much of that is Novell's and How long until another 5
mill refill of the legal bucket?[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 03:13 PM EST |
From the article, SCO's McBride:
'We're Undervalued'
"The market capitalization has gone down
but clearly if we have any success at all in any of these legal fronts you can
get arms around the concept pretty quickly that we're undervalued at a $22
million market capitalization," McBride said.
I didn't know it
still has value.
"There is no doubt that our enemy is well funded
and has deep pockets," McBride said. "Part of their strategy most likely is to
try and wear us down to the point where the case is decided not on the merits
but whether or not we can stay in the fight or not."
McBride is
still delusional about the merit of their cases.
"Now it's time to
get it on lets get in there and have the truth out on the table and see where it
goes," McBride said. "We like our chances."
Does he mean to say
SCO has a very thick skin and no amount of humiliation will change that?[ Reply to This | # ]
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Authored by: Anonymous on Friday, March 02 2007 @ 03:26 PM EST |
Seems 'the SCO Group' is on its way down. "Well done Darl
McBride!"
Here's a old email i sent to someone in August 2003, when
asked what i knew
of this new company called 'The SCO
group' :
Hi,
Last year, in September 2002 I met Darl McBride in real
life by sheer
coincidence. Actually i spoke with him for
an half a hour. It was a joined
Caldera/HP symposium
called GeoFORUM on 25 September 2002 at the Holiday Inn
Hotel, Haagse Schouwweg 10, Leiden. It was the
announcement in Holland of
Caldera's new company name :
"The SCO Group Inc."
Although Darl
McBride was not listed on the GeoFORUM
announcement letter, he did show up to
give an unannounced
speech as the new CEO or their renamed company (formerly
Caldera Inc.) The SCO Group Inc. Now that I think of it,
why would McBride
not announce himself before the
conference started that he would give a
speech?
Anyway, I talked to McBride about the role of Linux, and
how the Linux thing should be incorporated into UNIX
business. I told him,
that Linux and other OSS stuff are
ready for download, like wood in the
forest. It only takes
experienced carpenters to make it to use. The problem
is
however McBride is a experienced business man only. and he
fired his
own squad of experienced SCO UNIX carpenters.
McBride said the
following. He was there to tell that
Caldera was surprised to see that SCO
UNIXWARE and SCO
OpenServer license card and media sales were the largest
income at Caldera's. That's why the decided to a company
name change into
"The SCO Group Inc."
McBride asked the audience why people kept
purchasing SCO
OpenServer. The answer was, "Because it just works, all
your software runs, and it doesn't come with unneeded
bloated features".
Then he asked why Linux like water was
free to drink. I told him that when
you drink water from a
unknown source you might get ill. If you buy your
water
from a reliable source your fine. So labeling and branding
the Linux
water was a way to earn a decent income from
Linux.
So it all comes
down to, as a business being liable for
the products you sell. And if you
screw up your company's
product, you will have to suffer. McBride turned
almost
white :) So this dude is phony IMHO.
cheers,
Robert
--
Robert M. Stockmann - RHCE
Network Engineer -
UNIX/Linux Specialist
crashrecovery.org stock@stokkie.net
Well McBride did listen allright. SCO OpenServer 6 has
become a bloated and rare used version of UNIX on x86.
Caldera Linux has
become extinct, and its twin brother
Novell's SuSE Linux, adopted from SuSE
G.m.b.H from
Bavaria, has never before had so much funded criticism
from
within its user/customer community, where the
reliability of its Desktop is
questioned.
Like with Windows, the reliability of the Novell SuSE
Linux desktop is today harmed by 3rd party software in
binary form, like
the latest Flash gear. [ Reply to This | # ]
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