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.

Revenue fell 22 percent to $8.9 million from $11.4 million. . . .

SCO said revenue declined in the latest fiscal quarter because of a drop in licensing revenue on lower product and licensing sales.

Darl McBride, SCO's president and chief executive, said that the company was "steadfastly focused on winning in both the court room and in the market place."

Steadfastly focused is an accurate description. But maybe they need to look over the bow and notice they are sinking into the Big Blue sea.