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SCO Claims $15,300,000 From SCOsource
Hollins writes "Yesterday, SCO filed their latest 10-Q. In it, they claim over fifteen million dollars in revenue from their SCOsource initiative (mostly from Microsoft and Sun) with a decline in revenue from all other sources. A lot of interesting statements are in the 10-Q, including "The success of our SCOsource licensing initiative, at least initially, will depend to a great extent on the perceived strength of our intellectual property and contractual claims and our willingness to enforce our rights. Many, particularly those in the open source community, dispute the allegations of infringement that we have made"."
10 Q Darl McBrides IQ anyone?
stolen SCO email:
@@
Darl,
How do these numbers look? I spent 4 hours pulling them out of my ass.
-Chris
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Chris,
That total looks great! Redo it without all the details
then put it on the wires; I have a payment due on my
Mercedes this Thursday.
-Darl
@@
Trolling is a art,
It's clear that MS is exploring how to support their offensive on Linux, but why Sun? Same reason? I guess Solaris' greatest enemy is not MS anymore, but Linux.
The 10Q is known as the Chicken Little of financial documents precisely because of the warnings it lists in the forward looking statements.
It wouldn't be too far fetched to see something like "In the event that a terrorist attack destroyed the databases containing proof of our IP claims, it is possible that we may not be able to meet our cash flow expectations"
They claim $15,530,000 in revenue from SCOSource.
They refer to having Sun and MS, and say "The two licensing agreements signed by us to date resulted in revenue of $8,250,000 during the April 30, 2003 quarter and $7,280,000 during the July 31, 2003 quarter."
Meaning that SCOSource received no revenue whatsoever outside of those two. Hopefully it'll stay that way after they start sending invoices out.
So..... SCO goodwill anyone? C'mon, who's hiding all the SCO goodwill? Bill, what's that you are hiding behind your back there? Why do you have lots of goodwill towards SCO, Bill?
An infinite number of monkeys will eventually come up with the complete works of
"caused by the worldwide economic slowdown, increased competition from other alternate operating platforms, and uncertainty from our recent Linux announcement. This impact was largely felt in our distribution channel in the Americas and Europe."
That's interesting.. it indicates at least some customers have given that lawsuit as the reason for not using their products.
...with revenue of $15,530,000 from our SCOsource licensing initiative, have resulted in the first two profitable quarters in our history.
..."a decline in product revenue of $1,835,000 and a decline in services revenue of $774,000."
They're profitable. First time ever. Its interesting that this licencing scheme brought them over the top. Does anyone have any numbers of how far they'd be in the red if it wasnt for this initiative? It doesnt seem to say in the article.
But it does say this:
So, if they werent profitable before, then a decline in product and service revenue should put them *far* into the red without the SCOSource thing.
.
So assuming that SCO loses this court battle.. do they all get arrested for fraud if they don't return the money raised for license fees. I mean, they are essentially telling people to pay for something they don't own. I can claim that you have to pay me money to drink liquid, and I'm sure there are enough morons out there that would do it to give me a nice little income, but I thought that would put you behind bars.
Can someone familiar with the 10-Q requirements explain whether this omission is permissable (because it was brought in Germany?) or has SCO done something else naughty?
UNIX? They're not even circumcised! Savages!
Sun has paid Sco a quarter million. Why on Earth is it helping bankroll an attempt to destroy Free Software?
It's time to boycott Sun. It's about time it learned you can't bite the hand that feeeds you.
Microsoft, of course, is no surprise. I'm slightly amazed they didn't give Sco more money.
So this pretty much says they are leaking cash like a open wound leaks blood and that the only way they can make money is from two companies who are essentially bankrolling their court case.
Flip a quarter, will the stock prices go up or go down?
Drivers license
Picture of Melinda and children
Weekly allowance in the amount of $15.3 million
Regardless of whether or not their claim regarding the Linux source code is true, what kind of a business are they planning to run in the future? At this point, their 'other' revenues are dropping, so I wonder if they just plan to sit around and threaten people so they can collect royalties.
If they're earning revenue in any other meaningful way, it'd like to hear it.
Perceived is the key word here.
Notice that the licenses sold to Sun and Microsoft account for 100% of their SCOsource revenue, and neither appear to be Linux related, meaning that they've fooled noone into buying their $699 licenses, not even a single idiot.
This means that absolutely linux users, out of the millions out there, believes they have a valid argument enough to buy a license. Not 1%, not 0.00001%. Not a single one. This should say something to investors, but looking back on history, it probably won't.
Their quarterly report shows that their IP claims have no perceived strength at all, but rather it shows producers of operating systems threatened by Linux pumping money into FUD marketting business to make the campaign last as long as possible.
According to people who have actually tried it it isn't even possible to sign up for a user license, at any rate.
No license is actually available.
It's all a big dog and pony show (with fake dogs and ponies) and even SCO staff are puzzled and frustrated, particularly the sales staff who actually have to tell people to take a hike.
Cute, huh?
KFG
It also says that they have only about 12 months of cash left at the rate they're losing money. That means if they don't get more money from licensing, they will be broke before the IBM case comes to trial. If someone else sues them, they'll probably go under even sooner.
I sure hope someone else sues them soon.
Look here this guy have the answer to your questions.
They run into three problems if they actually try to send out those invoices.
A) The obvious fraud charge that everyone has already discussed.
B) Anyone who receives one of those invoices might try to challenge SCO's copyrights. Given that the presiding judge ruled ATT was "unlikely" to prevail on their copyright claims in the BSD case, SCO does not want to put their copyrights to the test in court.
C) Anyone receiving one of those invoices might ask for declaratory judgement, requiring SCO to shut up.
It's less a dog and pony show than a strip tease. And I really *don't* want to imagine Darl naked.
Follow the instructions in this chain letter EXACTLY, or HORRIBLE things will happen to you! Mr. L. Penguin threw away this letter, and was sentenced to five years in a Federal Pound-Me-In-The-Ass Prison for UNIX(c) patent infringement. Meanwhile, B. Gates followed the instructions to the letter, and made a million dollar gain in the stock market the very next day!
Step 1: Send $660 to the first name on this list.
Step 2: Move the first name on the list to the third position on the list, and move the other names up one place.
Step 3: Do NOT put your own name on the list, or you too will be sent to a Federal Pound-Me-In-The-Ass Prison.
Step 4: Pass this letter on to all your friends who use Linux.
Name #1
Darl McBride
The SCO Group
355 South 520 West
Suite 100
Lindon, Utah 84042
Name #2
Darrell McBride
The Santa Cruz Operation
355 South 520 West
Suite 100
Lindon, Utah 84042
Name #3
The Darlmeister
SCO SCO KaChoo
355 South 520 West
Suite 100
Lindon, Utah 84042
P.S. THIS IS 100% LEGAL UNLESS SOME STUPID JUDGE STOPS US, AND EVEN IF THEY DO WE'VE ALREADY DUMPED OUR STOCK!
Lawrence Person (lawrencepersonh@gmailh.com (remove all "h"s to mail)
http://www.lawrenceperson.com/
that is how much 1 man - Reginald Broughton - has made since June on SCOX stock sales. which would have previously, at their price of of one year ago would havbe been under $150k (115,000 shares sold since june)
Now, if this is not a pump-and-dump, could someone point a case of it out to me, because i obviously dont fuscking get it.
and since i'm a network guy, and not a financial analyst - how the heck does 1 person make 10% of the company's entire profit in stock sales in less than 6 months, and this not affect anything?
http://biz.yahoo.com/t/80/4661.html
guns kill people like spoons make Rosie O'Donnell fat.