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SCO posts Q2 Loss, Gets $11k from Linux
Paul Hands sent us linkage to SCOs Q2 Financials. "The highlights are that SCOX only collected $11k (yes, K) for that much-discussed license for EV1 and other Licensees. Cost of that $11k was well over $4M.
Overall, revenue was just over $10M, and they made a net loss applicable to common stockholders of $14,959,000, or $1.06 per diluted common share." Update According to the SCO conference call, this isn't accurate.. their Linux extortion income will be listed in the Q3 financials.
<quote> a charge of $2,139,000 related to the impairment of goodwill and intangible assets </qoute>
I'm old enough to remember when discussions on Slashdot were well informed.
Yosemite Darl is the meanest, toughest, rootin-est,tootin-est cowboy there ever was and you should be ashamed of yourself for rustlin' away his code, pardner. Why its getting so a man can't earn a dishonest livin no more.
... "I can't get a long little dogey, I can't even get one that's small, I can't get a long little dogey, I can't get a dogey at all". (Profuse apologies to Yosemite Sam)
Now let's all sing with Darl (while reading the SCO finances)
What's next? CNET gets a "Cease & Desist" letter from SCO because the company's name was used in this story?
Hmmm.
Survey says!?
OUCH!
It should not take too many more quarters like this to put an end to this nonsense.
How much money they got left? I want to estimate the day on which they will be out of dough.
Fascism trolls keeping me up every night. When I starts a preachin', he HITS ME WITH HIS REICH!
All I can say is "Burn baby, burn."
Darl's going to turn around and claim that this is proof that the Linux Business models don't work.
So is that 11*(10^3) or 11*(2^10)?
SCOwned.
If SCO is having Q2 losses, maybe they should upgrade to Quake 3, or at least get a new videocard.
--Kevin
AH HAHAHAHAHAHHA
With all the recent news (mostly covered by Groklaw) about what is going AGAINST SCO, I would REALLY REALLY like to see what they have going FOR them. Why would peopel invest in a company who seems to be determined to implode on themselves.
So far everything I've seen says they don't have a hair to stand on in their case against IBM, DO they have anything?
ha ha ha
Perhaps if you used Open Office and made a spreadsheet, you could have plotted out your financial plan ahead of time.
Oh well, they deserve it.
Good.
would be too much to hope/pray for? --Doesn't God smite evil anymore?
Time to start up the SCO dead pool. What date do you predict that they will run out of money and implode?
Where's my lobbyist? Right here.
"Expenses associated with our SCOsource division are anticipated to continue at approximately the current level as we continue to protect our UNIX intellectual property and aggressively pursue our legal claims through the court system."
Ohhhh boy. Better get comfortable people, there's going to be yet more SCO stories for a while.
Stuff.
Link to the realease on the SCO's site
From SCO Keeps SinkingThu Motley Fool
"Management blamed the slow sales on a "lack of SCOsource licensing revenue." SCOsource is the Linux users' shakedown program. Apparently, no one is paying up. It took in $11,000 last quarter. That's not a typo. President and CEO Darl McBride paid more lip service to "increasing shareholder value," but you really have to wonder about the viability of his vision when his firm's most engrossing initiative brings in less money than the guys who mow lawns in my neighborhood."
rofl :)
I mean, this post might be modded funny, but I swear, I didn't make it up. It's right out of the article.
"Our revenue for the second quarter was consistent with our expectation and we also incurred significant expenses for the impairment of goodwill and intangibles and for the exchange of our Series A-1 Convertible Preferred Stock. Both of these charges negatively impacted our second quarter results," said Darl McBride, President and CEO. "As the company looks forward to the last two quarters of fiscal year 2004 we are committed to increasing shareholder value through profitable operations and increasing cash flow from our UNIX division as well as remaining focused on our intellectual property lawsuits and licensing strategies."
Sometimes you don't even have to try to make a funny post, because the dialogue you'd put in Darl's mouth is actually less funny than his own idiotic ramblings.
So, like, explain their business model again? That's right, they ain't got one ... unless you count litigation....
"All great things are simple & expressed in a single word: freedom, justice, honor, duty, mercy, hope." --Churchill
I wonder if this will be the wake up call to those investing in SCO because of it's great IP in Linux (so they say) - this news definitely trims away the FUD and leaves very little meat on the bones.
Time to throw this fish back.
Hmmm, I wonder if the folks at slashdot can get in trouble for this post? What are the legal ramifications of such a post? It's personal data right?
Read more
SCO business model
1) Sue everyone without any supporting evidence
2) ???
3) Profit
From a similar article
"A legal victory looks highly unlikely, and even if a decision went SCO's way, the probable remedy would not be money for SCO, but a rewrite for Linux, something the open-source community would accomplish in the blink of an eye."
The listing appears to be part of an effort by domestic and foreign brokers to circumvent recent National Association of Securities Dealers (NASD) and U.S. Securities and Exchange Commission (SEC) restrictions against so called "naked short selling." Naked short selling involves groups of people working together to manipulate the market by selling fictitious shares of stock in an effort to force a company's share price to go down. Not that I care.
By listing the Company's common stock on the Exchange, market manipulators sought to benefit from an "arbitrage" loophole that none of the present regulations was designed to close.
...at this rate, they won't have any quarters left for the slot machines.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
Wow, at $699 a go, they managed to license 15 copies!
Go SCO!
John.
EOM
In any case the ploy was a success - the goal was never to increase SCO revenue, but to bolster the stock price so execs could sell. The issue now is whether this will be investigated as a pump-and-dump scam that Darl and co knew from the outset had no basis in law. Don't scoff Darl - you still may end up in the cell block with Worldcom and Enron execs.
Because everyone is sticking together in the linux community against SCO, SCO will slowly fade into the darkness. Even though my own hosting provider, EV1servers, purchased licenses for some strange reason, SCO is still bound to fall..
Now, if only people would put the same mentality towards getting rid of the Bush Administration, this country would be a better place!
i hate to say this but... has anyone verified this?
The Gross Revenue on SCO Source licensing was listed in the artle at $8,250,000. This doesn't take into account the costs of running the business or anything else, but the posting made it seem to me like they had only been paid $11k.
Maybe we should ask him...
Bill, what do you think?
Hope Darryl clarified on this during their 11am EDT conference today.
An Indian-American Hindu committed to non-violent thought/speech/action alarmed by the global explosion of radical Islam
And then there was much rejoicing...yeah!
The preceding message was based on actual events. Only the names, locations and events have been changed.
During the conference call earlier in the day, SCO stated that the EV1 revenue was not included in this quarter, and will start showing up in Q3.
If they had done something positive, like using their expertise in UNIX internals to offer device driver development for third party hardware, rather than destructive legal disputes, they would probably have made a much better profit.
Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
Remember, these aren't techies talking about the technical merits of the case. These are financial guys commenting about SCO's quality as an investment. It nice to see someone other than technical folk scoffing at this sideshow.
===== Murphy's Law is recursive. =====
When SCO's a worthless company, and they already are in my eyes, I'll shell out the $10 and buy 'em out. First thing I'll do is I'll move Darl's desk into the basement and change his title "GPL Promotion Assistant". If he's got a stapler... yeah... I'll just be taking that from him too...
Did the terms of the EV1 license change, or were there kickbacks, or what? The EV1 deal was made to seem like a huge deal, and people accused the CEO of giving them "millions" of dolars, which he didn't deny.
autopr0n is like, down and stuff.
Personal, but also public, otherwise phonebooks would be illegal as well no?
How handy that he has a toll free number!
It's not wasting time, I'm educating myself.
Wrong. This phone number belongs to some chick named "Collette". Don't call it
. At least not unless you want to talk to a chick. (She sounds about 30/40-ish
) Seriously.
A bunch of Tech Stuff
Unfortunately, the truth is that they made only 11k this quarter from their Linux scam. However, they made $8.3 million this quarter last year from it, and a good bit more if you add up all of the quarters. So while the world is learning the truth about SCO, the SCO attack on Linux was profitable, and (more importantly) acomplished a lot of what the backers of the scam wanted to do.
I'm an American. I love this country and the freedoms that we used to have.
On that note, I can certainly see why SCO took the gamble it did. The company was going to be bankrupt soon and realized that it had just a very small chance of winning any Linux suit. So if they didn't sue, they would be bankrupt for sure in 2-3 years. If they DID file suit, they at least had a chance they would win (albeit small) and save themselves from bankrupcy.... Under this view of things, they actually didn't take ANY risk since it was inevitable they would have gone under if they hadn't filed suit... Just something to think about (though I still think SCO is SCum)
Hey buttplug - is your "connection" Google?
U ta h
http://www.google.com/search?q=Darl+McBride%2C+
From the conference call, it seems that the EV1 revenue won't start coming in until Q3. They still say it's in the "6 figures," but less than $250K and will be spread over several quarters.
-- Don't Tase me, bro!
What is needed is either a lengthy prison term for Darl and a dozen other people at the helm, or an apology for unfair punishment to all the virus writers and pirates, to speak nothing of simple curious, computer-literate individuals. Recently, US justice system claimed worms cause billions of dollars in financial damage and a single song on Kazaa is worth tens of K. Well, they should really jump on this one - a rogue causing countless companies to waste money on laywers or pay for unwanted MS software.
I think they'd be better off if they fired all their lawyers and put the rest of their money into lotto tickets.
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
Ok here is the Bittorrent of the SCO Conference Call today in mp3 format.
http://sco.penguinman.comWhat you mean to say is, you have Google:
Results for the 1 Darl McBride in Utah:
I seem to remember once reading that a few yeard ago Darl was the CEO of a company that sued IBM over intellectual property rights. The article stated that on that occasion IBM bought out the company and Darl received a big payout from the shareholders.
Some people say that SCO are only attacking IBM this time in an attempt to be bought out. In fact I just found this, an open statement by Darl that he would welcome IBM buying SCO to make the problem go away: SCO's CEO says buyout could end Linux fight. I think that settles it. SCO doesn't want to win in court they don't even want to go to court, they just want to scare IBM into buying them out.
99 bottles of beer in 175 characte
The stock has been around $5 ± 0.50 for weeks. You can't short a NASDAQ listed stock when the price is below $5, so the bears drop out at that point. Trading volume has been down for weeks. SCO's concern with being listed on some additional exchanges may be that they have different rules on short positions, allowing shorting at lower price points.
The full numbers from this quarter aren't out yet, so it's hard to figure out when they run out of cash. It looks like they have three to six quarters of cash left at their current burn rate, but that's a rough estimate. Unless they get new financing, it looks like they won't make it to the IBM trial date in 2005.
At this point, the remaining stockholders who think SCO has a case against IBM might well ask why SCO wants additional delay. SCO can't afford much more delay.
Good idea! Let us know in which prison you end up. We'll send you a postcard and a soft pillow to sit on after showers.
Are there any investors that would recommend a short sell out there? What time frame and price range do you think we are talking about here?
Football Sports Contest - Win $500 for having an e
"You-can't-make-this-stuff-up dept."
This is SCO we're talking about, they can make anything up!
October 2003, stock hovers at a high of $22.
Now, stock is at $4 and from the looks of things could easily drop back down to $2.
Hype over. The put up or shut up phase where people assumed they had a case is over. They must have known there was a point where the stock price couldn't be inflated any more by innuendo and "maybe sorta" proof, so I'm wondering why they'd continue down this path?
-- The unsig...
801 isn't toll free.
800, 888, 866, 877, etc, are. 801 is the area code for the Salt Lake City metropolitan area.
" "Some of their core customers are being scared off by the lawsuits," said Dion Cornett, an analyst at Decatur Jones Equity Partners. "SCO has sued some of its customers, and that is what's scaring people off."
The $8.25m was the corresponding three months in 2003.
It's like...nothing!
So would you say now is a good time to sell ?
Let's ask the experts. Thomas P. Raimondi? Larry Gasparro?
What do you guys think?
This year it was only $11k from the article " While current quarter revenue is down from revenue of $21,369,000 from the comparable period of the prior year, this is primarily the result of a lack of SCOsource licensing revenue. SCOsource revenue was $8,250,000 in the second quarter of fiscal year 2003" see the table at the end for this years figures (11k)
801 is not a toll free number. The toll free number are 8 followed by a pair of number, 800, 888, 877, 866, etc. 801 is just a normal area code.
Here is a link that made me laugh..
This morning, however, McBride had to face the music with shareholders during the Unix vendor's quarterly earnings call, where he reported sharply reduced earnings and sparse revenue from its licensing business.
McBride put the blame squarely on his rivals for raising doubts in the minds of potential licensees about the legitimacy of SCO's ownership of System V Unix. SCO alleges that IBM illegally contributed Unix code to the Linux kernel and has levied a $5 billion suit against Big Blue.
anime+manga together at last.. in real time.
Read carefully. The article says that was SCOSource licensing revenue for Q2 of FY03.
Try again - 801 is the UT area code.
I am very happy to read that SCO has made such a large net loss. This is not because support for Linux as much as it is because I do not support the type of business practice employed by SCO.
I strongly believe that companies have a duty not only to their owners, but also to their customers, suppliers, and even to their competitors. The last one, the duty to competitors, is a duty to compete based on a better products and services, better marketing, better pricing, a better overall customer experience, etc.
I think that, while litigation is sometimes necessary, most issues can be settled outside of the court system in a mutually beneficial way, or at least in a way that minimizes the damages to all parties involved. Further, litigation and other legal actions (lobbying for legislation, etc.) should not be employed as a source of profit for a company, but only to solve legitimate problems.
In the case of SCO, I think they have thrown all good business practices out the window, while embracing litigation as a potential source of profit. Essentially, instead of elevating themselves by making sound decisions and consistently improving themselves, they are trying to become elevated by pushing others down. Kind of like the "everything is relative" argument - if you push someone down, then you could say that you have elevated yourself even though you stayed in the same place. This is what SCO is trying to do, and it is not beneficial to anybody except, if they manage to pull it off, themselves. This is a very egoistic and self centered company with no desire to make anything of value. And companies like this should not be supported.
For those reasons, I am glad that SCO had these losses, and I hope that investors pull their investments, new investors don't buy SCO stock, and potential customers go elsewhere. This evil company should not be supported by anybody.
Not to mention that I strongly believe that there is no legal issue of any SCO code being copied into other software. In fact, I believe quite the opposite: Either:
The market is still very risky for investors in all sectors. For example, if you had invested $300,000 in the stock with ticker LNUX at its high on 9/9/99, you could have purchased 937.5 shares. If you would have sold them at the closing price yesterday, you would have cashed out with a cool $2,137.50. Thats not profit, thats all you would have left. Now I am not an investment advisor, but I don't think that beats inflation.
Those are all historical facts, not forward looking statements. When will these tech companies stop toying with the economy?
They were still extremely shifty as to how much exactly that deal is worth. Darl spouts off a claim that it's still 6-figures, but less than 250k. Didn't EV1 already deny that the amount was 6 figures? Maybe Darl's including decimal places.
That's not toll-free... that is a Utah number...
Lawn care is serious business.
When I was in my teens I bought a C64 with only a few days work. How else can a kid make this kind of money, $20/hr.
The big companies are also serious business, those 4' wide monster mowers are serious machines. They can make good money doing fair work.
This is a competative market, with some profit to be made. You can do it yourself, but these service companies can provide a real value.
That and walking around outside on a sunny day isn't the evilest of jobs.
I'd just like to give a big Thank-You to SCO for scaring the bejesus out of any other company who might try this line of attack again, and for helping keep Linux in the news.
** Thank You, SCO!!! **
Linux users in the future will be able to take pride in your accomplishments in making businesses lose their fear of some company trying to do what you did and costing them money, while at the same time pushing awareness of Linux as a real alternative to proprietary products and companies which pursue legal whims like this.
"99 dead duelists of Dios on the wall. 99 dead duelists of Dios! Take one's ring, pass it around..."
"SCOsource revenue was $8,250,000 in the second quarter of fiscal year 2003"
Good idea! Let us know in which prison you end up. We'll send you a postcard and a soft pillow to sit on after showers.
the hell i will! i didn't say i would do it, i'm not anywhere near Utah anyways. i'm just saying someone should.
http://biz.yahoo.com/fool/040610/1086881820_2.html
All you touch and all you see is all your life will ever be
Some big fish have escaped so far, but some of the other players have already started jail time.
Darn! I was hoping the the URL pointed to the litigious bastards' own web site. That way when the /. effect hit, they could accuse us Linux freaks of another DOS attack.
Insert Generic Sig Here:
SCO is dying,
Actually, I have connections in the travel industry. When Darl stays at a hotel, I know about it :p
I thought that they were already delisted, and only noticeable through a specific lookup.
They're not in the newspaper stocks listings...
Do not look into laser with remaining eye.
Normally I would wish my enemy a very very long live. But reight now all the damage that SCO suffers is just music to my ears. I'm so fed up with lies and fud from "the other side" I'd like to see them BURN.
And doesn't anybody think that at least half of the licenses sold for $699 are bought by people who want to copy to study it in a legal way but anonymous way ?
-- forget
...play TuxRacer on my PC. Now it seems I didn't need to pay at all. Can someone tell me who to contact to get my money back?
Doesn't it make you feel good to know that our freedoms are protected by politicans, lawyers and journalists.
sco.penguinman.com
Good news nobody!
Rofl, my one man company is more successfull. But then again, I have a product for sale! ;-)
To find the $11K number, you have to dig down into the numbers below. Lining things up on Slashdot is very difficult, so I'll just paste the relevant line:
That's telling you they made $11k in the prior three months, and $31K in the prior six months, as compared to $8250 last year. In 2003, it would appear, they made all their money in Q2, 8.25 million.These are fiancial guys Joe Sixpack listens to. Mainstream all the way baby.
"Live Free or Die." Don't like it? Then keep out of the USA
This brings a whole new light to the scale of EV1Servers.net ..
No, since EV1 isn't included in these numbers, it doesn't bring a new light -- except as mentioned in the tele-conference; the EV1 deal is less than $250,000.
I'm a eunich, can I come out of my hole yet?
This post encoded with ROT26. If you can read it, you've violated the DMCA. Handcuffs please, sergeant.
sco's website has already been taken down once, no need to be foolish and take it to someone who works for the company - even if its Darl he does deserve to at least to be left alone at home, now if you found his work number and exact extension that would be a different matter ;)
SCO doesn't want to win in court they don't even want to go to court, they just want to scare IBM into buying them out.
Indeed, that is a likely explanation for how this started; it's even possible that Darth McBride actually *did* think there was some of their IP improperly in Linux (though this would have required some severe cognitive deficiency given the totality of the facts, and that bubble cannot have lasted too long in any case).
However, as soon as Big Blue sensibly failed to take the bait and reach for their checkbook, THAT game was well and truly over. That SCO persisted and still persists in this mad course indicates that the game has changed to either MS-funded FUD or a pump-and-dump scam. They cannot possibly hold any remaining hope of getting IBM to buy them out now.
"My strength is as the strength of ten men, for I am wired to the eyeballs on espresso."
I want names of everyone involved! Who were these fifteen that are kowtowing to SCO? I want the CEO/Presidents/Owners to come out and explain why they're supporting SCO.
" it turns out that EVERY SINGLE company listed on NASDAQ is traded on the 'unofficial regulated market' at Berlin-Bremen.
Note that Darl, during the call, said that these were "unregulated" markets, which is clearly not the case."
"About Berlin-Bremen Stock Exchange: Like all other German exchanges the Berlin-Bremen Stock Exchange is separated in three market segments: Official Market; Regulated Market and Unofficial Regulated Market. Special significance is attributed to the Unofficial Regulated Market at the Berlin-Bremen Stock Exchange. With more than 8,000 national and international companies admitted the Unofficial Regulated Market unparalleled -- both in terms of size and diversity. .. All companies listed on the NASDAQ, NYSE, and several OTCBB companies are listed on the Unofficial Regulated Market of the Berlin-Bremen Stock Exchange, giving investors the largest choice of American stocks in Europe."
Help fight continental drift.
Your inability to search the news or look up the annual reports is not my problem. From a Dow Jones story on SCO today:
SCO collected $11,000 from this licensing program in the three months ended April 30, down from $8.3 million a year earlier. The program, which charges about $700 per Linux server, has collected $31,000 in the last six months.
I'm an American. I love this country and the freedoms that we used to have.
As much as I have enjoyed watching this slow-motion train wreck, I am starting to wonder what will happen to the actual Unix rights SCO has, presuming that they will need to sell everything at some point to pay off their creditors.
Though I have to imagine the government couldn't *possibly* agree to this, can you imagine them selling the rights to Microsoft? Because of all the insanity this company has been willing to wallow in, I can't, for one, imagine them selling the rights to some benevolant organization; I'd think they'd rather do something to screw Linux over "just one more time".
Looks better in a graph. :)
I am a speak english. Do you not? - Saroto
Bwahahahahahhahahahahhahahahahahahah, hahahahahahahhahahha, heeeheeeheeeheeeheee, mwahaaaaahaaaaahaaaaahaaaaaa!!!
OWNED. After what SCO did, they deserve this completely. Maybe this will teach them and other companies a lesson--to not start frivolous lawsuits just to get attention.
According to the IRS, if my business doesn't show a profit in any 3 out of 5 consecutive years, it's officially a hobby for tax purposes. While that test doesn't actually apply to corporations other than type-S, it's still a somewhat amusing thought: If the law were to be applied equally to small businesses as well as large, SCO wouldn't be a business at all.
Then again, we knew that.
SCO is not like m$. Every few days they have a new exciting story' some believable and some not, but what will we do when they're gone? I shudder at losing my sole internet entertainment and so far, you readers have been very stingy with your money. SCO has come up with a lot of ideas for emergency funding, but none seem to be working well.
What can we do? Well, I have a plan. It's called "SOSco" for "Save our SCO". Shortly, I will be starting up a small company to help provide "stay alive" funding for SCO, at least until their court case. Except for my salaries and actual overhead expenses, the remainder will all go to SCO. With nearly 100,000, /. readers and just a few dollars each (we will accept non USA currency also) I think we can keep things going for one or two more years. That's a small price for this kind of entertainment. Oh, I forgot! I will have to put aside enough funds for a good lawyer team just in case someone tries to sue us for using SOS (since it may have other meaning)and most likely from SCO themselves for using a derivitive of their name without their permission. Be watching daily, because this will be an exclusive story on /. as my company will depend on you readers for it's major funding.
Thanks,from the team as SOSco
lcsjk
DOn't tell me that *foreign brokers* are evading SEC rules *which don't apply to them* by *trading in their own countries*! What fiends!
Now, if we can only link them to terrorists, we can torture them.
I have discovered a truly marvelous sig, unfortunately the sig limit is too small to contain i
All the while this CEO got paid a huge salary:
Management blamed the slow sales on a "lack of SCOsource licensing revenue." SCOsource is the Linux users' shakedown program. Apparently, no one is paying up. It took in $11,000 last quarter. That's not a typo. President and CEO Darl McBride paid more lip service to "increasing shareholder value," but you really have to wonder about the viability of his vision when his firm's most engrossing initiative brings in less money than the guys who mow lawns in my neighborhood. By the way, McBride was paid more than $1 million last year -- most of it in cash -- to preside over this impending disaster.
It really is sickening. And there seems to be no hope in sight for regulatory reform in this area, when public companies can perform goofy shit like this with impunity.
It's rumoured that BlueStar made the same point to SCO. I think they were right. SCO's conventional business should be in "harvest" mode right now.
Does anyone know of a reason that SCO should be investing money in R&D?
Maybe, but it hasn't exactly been positive news. People who didn't know much about Linux and heard about this whole SCO debacle are probably even LESS likely to want to switch over now.
Agreed. When this whole damn thing was at it's hottest, I saw Darl McBride on CNN actually mentioning Linux together with - I'm pretty sure - the words 'cyber terrorism'. All of this makes for a really bad combination for the average Joe and Jane User.
zWhat would an EWOULDBLOCK block, if an EWOULDBLOCK could block would? -- me
'They're all out to get me'....sounds a bit paranoid-like to me.
"With God All Things Are Possible" State of Ohio Motto
Thanks. I am glad to see they aren't making any significant amount of money off of the Linux community's work.
Goodwill is a term of art in accounting. There's a brief summary on Wikipedia. Essentially, "goodwill" is the magic dark matter of accounting that is used to explain whither otherwise inexplicable money goes and whence it comes. For instance, say one of your company's buildings appraised for $1 million but somebody else bought it for $2 million. That goes down as $1 million of "goodwill" so that the numbers balance out. Conversely, if someone else's building appraised for $2 million but he sold it to you for $1 million, that's another example of $1 million of goodwill on your books.
Hint relevant to this situation: it applies to securities as well.
All's true that is mistrusted
The stock is back up around $5.
At this point, the remaining stockholders who think SCO has a case against IBM might well ask why SCO wants additional delay. SCO can't afford much more delay.
So that the lawyers can get that money instead of IBM getting a dime. They'll have to sue Canopy and Microsoft, or the top-level empoyees of SCO personally.
There's the possibility of the SEC, the DEA, the ATF or other law enforcement getting involved. (Mind-altering drugs, weapons, and idiots don't mix well, so the government may need to take them down.) But as far as the SEC is concerned, Darl and Co. has to keep up the appearance that they thought they really had case. Thus: Delay.
And the delay could also give opportunity to sell more of this lottery stock to people who either are stupid, or who want to hedge bet on the judges Wells and Kimball sleeping through the case. Ain't gonna happen.
The Caldera-Mickey-Mouse logo is now officially the "It's Tragic, but Funny" topic.
Irene KHAAAAAAN!
http://biz.yahoo.com/fool/040610/1086881820_2.html
A very entertaining read.
Slashdot's rate-of-post filter: Preventing you from posting too many great ideas at once.
Shares Outstanding: 14.42M
Float: 7.80M
Shares Short (as of 10-May-04): 4.62M
Short % of Float (as of 10-May-04): 59.27%
Shares Short (prior month): 3.95M
Bwa hah hah! What a ridiculously mismanaged company.
To everybody who thinks that this shows that good wins in the end and evil doesn't pay, keep in mind that Darl probably made more money in this little stunt in a few years than your average computer geek will make in his lifetime.
Justice won't be done until Darl is behind bars for stock manipulation and forced to give back the money he stole from investors. Whether that will actually happen remains to be seen.
Did you mean: the release on the litigious bastards' site?
Please correct me if I got my facts wrong.
I'd say it was headed for 0.
Friends don't help friends install M$ junk.
HA HA HA
If you buy their UNIX or Linux Product later on down the road they will read something in a license agreement and file suit against you like they did with IBM, Autozone and Chrysler. Their legal actions are similar to Ford Motor company suing people that buy their SUV's for painting their cars or repairing a tail light. Business by litigation is always bad for corporations that need customers to buy their product to survive.
Don't click on this moron's link. It grabs hold of your computer and is a bitch to close down.
#!/Jerald
The big /. community could all encourage each other to *buy* stock in SCO. It is a relatively small company, no? How much stockholder power and pressure is required to change a CEO, to change the composition of a board. The open source community can buy SCO. Remember all the action of theirs are at the behest and interest of stockholders. Become the stockholder.
.sig
--Chris
--
Please see all of my other articles for a
People are making money with free software, get over it. Investors are all doing as well or better than greedheads who have lost half of their money listenting to the greedheads at Microsoft. Anyone who put money into the SCO extortion plan deserves to lose every penny and will.
Friends don't help friends install M$ junk.
Nope... that 11k, as others have pointed out, is probably EV1Servers, and I think it's a safe bet that they lost far more than $11k in revenue from that blunder.
Also notice how SCO claimed that it was 'a deal worth six figures' or something similar (I'd have to go back and look to get the quote exactly right, but I'm lazy), and they carefully didn't mention, at the time, that they actually RECEIVED a heck of a lot less than six figures.
It strikes me that a paper letter to Elliott Spitzer in New York is probably called for.
...how much of the company's net loss ended up in Darl's pocket? He's bound to be grabbing all he can get before the company folds...
I read here that SCO was seeking a 5 month trial delay. That makes sense to me. If my buddies and I were pulling down tons of cash, and salaried no less, by coming up with stupid ideas, like extorting money from big corporations, then I would want to keep drawing my salary as long as possible. Especially if our stupid extortion scheme was only pulling down about $11,000 every three months.
Astronauts in weightlessness of pixilated space, exchange graffiti with a disembodied race. - Rush
No, for once he is correct. They really are out to get him, and it is richly deserved.
Help fight continental drift.
Apparently BayStar wanted SCO to get out of the Unix business and into the lawsuit business. But what if they did the opposite? What if they stopped forking money over to lawyers and concentrated on developing and selling Unix? They still had 10M in revenue from this quarter. They only spent 1.9M to make that revenue plus another 2.8M in R&D. That's a potential operating profit of 5.3M. There are many small businesses that would be glad to make 5.3M every quarter. The IP-licensing side of their business with all their lawsuits cost SCO 4.4M (see the line about Cost of SCOsource licensing revenue) and only paid back 11K. I think you can see where the money is hemorrhaging.
I was never a SCO Unix user, but I understand it was (at one time) a repectable unix back in the day and I don't see why it can't be again with a quarterly R&D bugdet of 2.8M. If I was a serious shareholder (not a speculator) interested in growing the business, I would want to know why they don't stop wasting money on this longshot lawsuit crapshoot and start concentrating on what they themselves describe as their "core" business.
i hope everyone with sco shares that hasn't already realized that the company is going down the tubes should sell their share asap. i can't believe this company even thought they could pull this kind of crap. further more i can't believe i work for a company that gave them money, but to be fair the word was never really leaked from mgmt that we paid their ransom money. we learned of this the same way everyone else did... /.
\x69 \x68\x69\x64 \x74\x68\x65 \x62\x6f\x64\x69\x65\x73 \x69\x6e \x74\x68\x65 \x66\x72\x65\x65\x7a\x65\x72
As usual Darl et al didn't do their homework. From Korh over at SCOX Yahoo site " it turns out that EVERY SINGLE company listed on NASDAQ is traded on the 'unofficial regulated market' at Berlin-Bremen.
Note that Darl, during the call, said that these were "unregulated" markets, which is clearly not the case."
Its not easy to waste THAT MUCH MONEY. Theres only so many Linux users you can sue you know...
I would call this "innovation", their stock should be on the rise again soon!
[I can picture a world without war, without hate. I can picture us attacking that world, because they'd never expect it]
Why do people use complicated terms like cows, and horns and bells, to explaint simple matter of fact terms like Intellectual Property, and Copyright infringment, and Trademark Violation, is beyond me.
I swear to god, when I was reading that analogy, all my brain was think was "mmm... cows". And I don't even eat red meat.
for the last time people, I am "frodo from middle eaRTH", not "middle eaST".
Anymore, listening to Darl is like listening to Pee Wee Herman. "I know you are, but what am I???"
Examples:
"McBride said SCO has been diligent in providing the courts with samples of the code it believes IBM has contributed to Linux. He said IBM has not been as forthcoming."
"IBM is trying to slow the case down."
"Mark my words, there will be a day that will come when you all will see documents that will contradict IBM's public posturing."
"We have enough cash to get us to our destination. We've got the legal firepower and cash necessary."
BTW, thanks for the link. Best chuckle I've had all day.
Weaselmancer
Weaselmancer
rediculous.
Ahh, if only you'd seen Friends you'd know the truth
Good, make sure next time the chef gives him a tyler durden special soup.
for the last time people, I am "frodo from middle eaRTH", not "middle eaST".
...for the sake of symmetry.
The original AC might be in trouble depending where he got that data from (if it's a confidential NDA source he's in trouble)
Total Assets
April 30, 2004 October 31,2003
$82,877..........$94,952
It doesn't mean squat when it comes to quarterly earnings, revenue, dividend values, or anything else. There are some exceptions regarding the structures of the figures, but for the most part, if you had numbers (personally) which look like this, you'd almost certainly be filing for bankruptcy!
Can someone please confirm that this is the Darl McBride of SCO (what is the first letter of Darl's middle name, for starters)? For more than one reason, I believe that if it really were him, he wouldn't have his number listed (remember, the guy hires an ontourage of body guards to protect him against 'militant linux extremists' whenever he leaves his little enclave). If slashdot readers ruthlessly prank this number without confirming who it is they are really calling, its likely to backfire when open source supporters are portrayed as unjust lunatics.
And if they guy isn't the Darl Mcbride, hasn't he suffered enough already by sharing the same name?
"if you can't be a good example, then you can be a terrible warning."
/. yesterday, but it seems more relevant here.
someone quoted this on
I think it's a bit more than that. Every dollar they make from the OSS communities work just validates the ridiculous claim that they own it. If companies buckle and pay for it because SCO threatens them, it's just the same as said company publicly announcing that they are supporting SCO in this fiasco.
Be Safe! Sleep with a Marine. Semper Fi!
(yes, K)
yes, Kelvins?
Wasn't there some stipulation somewhere that Darl would get a whopping bonus if he could have several quarters of profitability in a row? Did he ever get that far, or did he just kiss his bonus goodbye?
Non sequitur: Your facts are uncoordinated.
Depends what platform and browser you use. Beanie-W, problem go bye-bye.
But definitely don't try it on Windows/IE.
//Information does not want to be free; it wants to breed.
That's hilarious..
Darl, if you're reading, here's something that will make all that go away.
Show some proof.
All you have to do is show prrof that you're not talking out of your ass, and everybody will start believing you.
The only reason you have for not showing proof of your claim is that you don't have any.
No problem so long as you don't allow javascripts to move or resize windows.
Cost of that $11k was well over $4M.
In the voice of Nelson Muntz... Ha Ha!
EV1 is not included in the $11k report in Q2. EV1 will be included in the current (Q3) quarter.
Source: Darl at 30:30 into today's conference call.
It's because of the robotoxins, I tell you!
Slashdot community, please notice: I am looking for a girlfriend.
Nave H. Weiss
As usual, finance.yahoo.com has the numbers you want:
The SCO Group Announces Second Quarter 2004 Results Consistent With Expectations
Balance Sheet for SCO GROUP INC
As of 2004-04-30, SCO has total current assets of $74 million and total current liabilities of $34 million.
After April 30, they paid out $13 million to retire BayStar's preferred shares.
$74 - $34 - $13 = $27 million they have to operate with.
SCO had a net loss from operations of $9.4 million in the quarter ended 2004-04-30.
So they have about 9 months left at their current burn rate. A little bit more, actually, as they have recently cut their expenses so they won't bleed as much in the next few quarters.
Of course, as another poster pointed out, they can sell some more "licenses" to Microsoft and Sun in exchange for cash infusions.
dr. evil laugh: muwhahahahahahahahaha muwhahahahahahahahaha muwhahahahahahahahaha f-you sco!! you suck!
15.736766809728183118741058655222
emt 377 emt 4
The point he was trying to make is that... it isn't a UNIX derivative. Although I do believe you have to type sometimes...
I just bought my very own black hood and am itching to use it.
Sorry my bullshit sensor overloaded.
Most of the rights to SYSV belong to Novell, not SCO. From a Linux point of view, nobody has shown any infringing code, but some variants of Unix really ARE based on SYSV and the ownership of code might matter. I doubt that even Novell can actually prove ownership of everything in SYSV or clearly define their rights in a way that would hold up in court. Therefore they collect revenue in some areas where their rights are not disputed, using SCO as a sort of collection agent.
There is a theory out there stating that Sun's attempt to open source Solaris is just a ruse, so as to pump up whatever is left of SCO's credibility.
Sun: "We are going to GPL Solaris".
SCO: "No you can't, we own Unix and the license you bought from us does not allow you to GPL Solaris".
Sun: "Oh, that's right. You own Unix, and that's why we paid for a license. Silly us."
If IBM somehow becomes the owner of SCO's IP (whatever that may prove to be), they could possibly remove the SCO "obstacle" to Solaris/GPL and therefore call Sun's bluff. In that case, Sun would just make some other excuse for declining to GPL Solaris (probably blaming Novell). It would be fun to watch, but not quite so much fun as seeing the "For Sale or Lease" sign at SCO headquarters or Darl's resume on monster.com.
I love the part that says: ... and missed expectations by the ONE analyst that follows the company ... "
"
All the other analysts are concentrating on better things to do with their time, such as finding companies that could make their clients make money!
Sounds like Lord Haha is more like Lord Candy-Ass.
I say... kick them when they are down. They don't give a crap about anyone but themselves. Greedy bastards... make them go WAY out of their way to avoid the world they have created.
If this were to happen in significant numbers, your beloved CEOs (Worldcom, Enron, Martha, etc) would think twice...
Funny thing is, someone got a discount. $11000 = 15 * $699 + $515. Or did someone at SCO walk away with $184?
Probably rounded to the nearest thousand.
Which means (if they were all single-CPU licenses) exactly 16 licenses were sold. 15 or 17 licenses would both round to a different number of thousands.
No more than 16 people dumb enough to bite? Sounds promising. B-)
And I'm SURE SCO spent more than that on this move. So more money down the tubes for them.
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
If they just posted a 15M loss, and they only have (at most) $30M left, that allows them to keep operating for two more quarters.
Then what? Do they have to go out of business?
-KK-
Extortion is right! In fact, if all claims to this patent are wrong, then I think SCO should be charged with extortion! This case is just getting more and more ridiculous!!
Jeff Whitfield jeffwhitfield@gmail.com "I can learn to resist anything but temptation..."
This sure smells like the minority owners (Canopy) are bleeding cash out of a publicly-traded company (SCO) by selling it a loser.
Canopy has done stuff like this before. When one of their companies goes bankrupt, they (Canopy) wind up with the assets that matter, whether or not the company was publicly traded. They do this by making sure that the company that is going under owes Canopy money, so that Canopy is a creditor at bankruptcy time.
In other words:
1. Create a private company (company A).
2. Take company A public. Company A now has lots of money.
3. Create another private company (company B).
4. Sell company B to company A.
5. Profit!
But wait, there's more...
6. Make sure company A owes you money.
7. Let company A go bankrupt.
8. Using the assets that you get back from the bankruptcy, go to step 1!
Does that mean Darl won't get his bonus?
All your Linux are belong to us!
I don't know if anyone has posted this before, but there is a great quote from this article on MSNBC that I had to share:
"The GPL has this sucking effect of grabbing your IP [intellectual property], sucking it in and destroying your property rights," McBride said.
Torvalds, the Linux founder, ridicules that notion.
"Having a hole in your head has this sucking effect," Torvalds said, firing back at McBride. "The GPL doesn't 'grab' any IP at all. The only thing that is desperately trying to grab other people's IP is Darl McBride and company."
Go Linus!
I wonder what the going rate is on a stock option/futures contract to sell the stock short? Does anybody believe that the stock is going to go back up?
I looked at their statements. In 6 to 8 months they will have no cash left. Two scenarios:
1) Either get another MicroExtortion cash injection. Will not happen.
2) Issue stock. Will not succeed.
Bye Darl.
I think it reads $8 million the prior year.
It's the real number. I called it and after a lot of rings, his voice message says in a womanly voice "You have reached the McBrides, please leave ....."
But wouldn't it seem like the rights would most likely be seized by SCO's creditors at that point?
Which, it seems, after the lawsuits settle and damages are assigned, would probably wind up being IBM and Redhat?
Irritable, left-wing and possibly humorous bumper stickers and t-shirts
Just hit your homepage shortcut or some other bookmark.
This is my post. There are many others like it. If you don't like what you read here, go try one of the others.
It's already been shifted a full quarter from the announcement. I wonder if EV1 has actually paid them any money yet. How long can companies defer revenue?
As far as the "6-figure" amount, I'm sure that's what will go on the books before the big "first-sucker^H^H^H^H^H^Hbuyer" discount is applied.
yeah, leak it that you've asked your stock to be "de-listed" before the bourse de-lists it for you.
...superimpose this graph onto a photoshopped picture of Uluru (Ayers Rock).
hahahahahahahaha ... /saracasm
I feel so bad for those guy
>The highlights are that SCOX only collected $11k
Don't forget several dozens of millions from Microsoft, via BayStar.
SCO has a weird behaviour for a company because it's no longer a company. It's sort of a zombie.
War doesn't prove who's right, just who's left.
Mmhh... maybe they should upgrade sco.pl to something bigger then?
SCO is a corporation, which means its officers are protected from legal action stemming from the behavior of the company, unless the behavior becomes SO visible that it becomes an embarrassment to the current presidential administration at a moment that said administration desperately needs to perform lip service to corporate accountability in order to deflect public attention from the fact that their past and planned future behavior is basically to largely ignore any corporate crime that occurs.
Irritable, left-wing and possibly humorous bumper stickers and t-shirts
They claimed at the time that the deal was worth 7 figures. They must have included the cents.
That's "Hurd of GNUs", you moron.
Exceeding the recommended torque is not recommended.
Though to confirm another followup post, Darl's middle initial is indeed C.
Dyolf Knip
Link here
IANAL but write like a drunk one.
It's forward-looking statements are amusing.
Help stamp out iliturcy.
This is not going to get better anytime soon.
When SCO goes bankrupt (financially, not just morally as they have already crossed that rubicon) SCO's "assets" will be SOLD by the bankruptcy trusteee/creditors/etc.
Has anyone thought about what happens if Microsoft buys SCO's rights out of bankruptcy? This litigation from Darl and a bunch of dimwitted plaintiff's lawyers who never belonged in an intellectual property lawsuit, ranges from funny to sad, but never threatening. But what if Microsoft bought the lawsuits and rights? Or any number of other companies that have the legal, financial and strategic expertise to make a case stick.
I am not so sure that we will all party like its 1999 when SCO goes under finally.
Thanks for the Red Hat link, it kind of makes my point about people making money with free software as well as investing in companies that use and sell it. There are others, would you kindly research them too?
Friends don't help friends install M$ junk.
SCO's been saying that Linux is so powerful and advanced that it destroyed the market for Unix. Those who understand the situation realize that when SCO says "Unix" they mean their own pathetic products - most IT professionals would think of Solaris, HPUX and AIX. And Linux is not really ready to displace those at the high end.
But to the general public/financial community SCO has sent a loud and clear message that Linux has crushed Unix. It almost makes me wonder if IBM arranged the whole thing.
My point was SCO was boosting. A lot of tech stocks, especially stocks for companies that are in the OS business took a hit. (You can add SUNW to that list). Take a look at the timing between when SCO started squaking about IP and stock price. Like a kid feeding on bad attention just to get any. Great for traders, bad for long term investors (like Grandma).
So they went on and on about violations of their IP, and the stock went higher and higher, not because they had any product. Here we are, now in June, still no product, and the stock price has been corrected.
And a minor note on scale and price when comparing these stocks (I'll shut up after this) SCOX has 14,415,000 shares outstanding, while LNUX has 61,076,000 outstanding at that price. I figure that's significant when looking at the price of both.
-- The unsig...
http://uk.finance.yahoo.com/q?s=SCOX&d=c&k=c1&c=IB M&a=v&p=s&t=1y&l=off&z=m&q =l
Right now it shows they've lost about 50% of their value relative to IBM over the last year. It also shows how volatile the SCO price is relative to IBM's stability. Since the lawsuit started more than a year ago, the one-year view doesn't really capture the entire story, and on the two-year view (one click away) you can see that SCO still has to fall some more to get all the way back to where they were before they started this circus. But only a little more. They're almost there.
Current price is $4.89, but I think they may get into the three dollar range next week.
A lot of this discussion involved the value of goodwill, but SCO should be more concerned about the Goodwill store. They'll need to buy "new" shirts after losing the ones they have now.
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.
In my intro accounting class, one of the basic things I learned was that expenses/revenue was to be included in the financial statements in which it was spent/earned. So if the income was received in Q2, why is it not on the Q2 statements?
Is this just manipulation of the statements?
I use Macs to up my productivity, so up yours Microsoft!
i would say shut up darl! but that argument sounds rational, which basically proves it's not darl.
will the a/c
The individual that is your president has created a climate in which corporations, big and small, feel they can do almost whatever they want since the worst that may happen is a slap in the wrist if they are caught.
Those 1% of companies that you claim are the only ones doing punishable stuff are not being punished at all (they either settle out of court, which means they are not taken to account for their failings or when caught they are not punished and the individuals that drive the crimes remain free to do as they wish).
In the other hand humble people are busting US jails since they don't have expensive lawyers to help them avoid jail for years for the hineous crime of stealing a car or such.
The individual you call president (and the one you are so proud to commemorate in your signature) did nothing for the man on the street and is driving your country to bankruptcy by means of the typical tool of the populist: nationalism and pseudo-patriotism.
It is in such a climate that companies like SCO thrive: they know they have nothing to fear because there is no political will from who should have it to curb such behaviour.
People with a brain have nothing against capitalism, unfortunately what we are seeing is the raising of oligarchies in which what counts is your capacity to lobby (which companies have more of it of course) and not the vote of the populace.
IANAL but write like a drunk one.
I'll call all of my Canadian friends to see what we can do.
.., slightly offtopic but here goes.
SCO vs APPLE Stock
Have a chuckle and then get back to the real world(work).
"Why, Johnny Ringo. You look like somebody just walked over your grave." Doc Holliday, Tombstone.