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SCO's financial results are in
Thursday, March 01 2007 @ 04:19 PM EST

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

  


SCO's financial results are in | 110 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
OT Here, please
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 | # ]

Corrections here
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 | # ]

Product revenue way down.
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...

---
-------------
TelfonPenguin

[ Reply to This | # ]

SCO's financial results are in
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 | # ]

SCO Source Revenue?
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 | # ]

On the bright side...
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 | # ]

I am surprised
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 | # ]

SCOSource licenses
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 | # ]

SCO's financial results are in
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 | # ]

Bankruptcy imminent?
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 | # ]

Notice that the increase in cash...
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 | # ]

Look at the wookie
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 | # ]

Cash for day-to-day business
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 | # ]

TRADEMARK and ownership!
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 | # ]

Why SCO must have its day in court...
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 | # ]

SCO's financial results are in
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 | # ]

Sale of Securities
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 | # ]

SCO's McBride: 'We're Undervalued'
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 | # ]

SCO's financial results are in
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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