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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.
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)
Darl's going to turn around and claim that this is proof that the Linux Business models don't work.
What's next? CNET gets a "Cease & Desist" letter from SCO because the company's name was used in this story? Most likely. And anyone here who comments on the story. And our families, ex-girlfriends, people with the same last names....
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The monkeys have eaten my brain! The Monkeys, I say!
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
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.
What's next? CNET gets a "Cease & Desist" letter from SCO because the company's name was used in this story?
Nah, Slashdot is next because their users are expressing negative opinions that haven't been proven in court and they are the reason for the decline of SCOX stock.
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.
What, and lose all that comic relief?
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The monkeys have eaten my brain! The Monkeys, I say!
...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.
Maybe we should ask him...
Bill, what do you think?
Cnet snippet: "As customers go from Unix to Linux, Cornett said, SCO's business is falling off at twice the pace of other software, like Novell's NetWare, a Unix derivative."
;)
Holy crap! NetWare is a UNIX derivative! Now there's one outta left field!
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.
They still have $6,767,000 worth of goodwill - I guess they didn't subtract out the badwill.
It's not wasting time, I'm educating myself.
Midnight, January 1, 1970
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...
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.
Comprehensive list of anti-FOSS interests:
1. Microsoft
- For the complete works of Shakespeare: cat
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?
"You-can't-make-this-stuff-up dept."
This is SCO we're talking about, they can make anything up!
would be too much to hope/pray for?
as much as i'd like to see them go bankrupt, i'd much rather see the snot beat out of them by Big Blue in court first. i think it would be slower and more painful for them that way. not to mention more fun to watch.
Slackware
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 $5 billion suit against Big Blue.
anime+manga together at last.. in real time.
How about a business karma modifier?
Ohhhh boy. Better get comfortable people, there's going to be yet more SCO stories for a while.
Not by my calculations. It should only take another four months or so.
They were still extremely shifty as to how much exactly that deal is worth. Darl spouts off a claim that it's still 6-figures, but less than 250k. Didn't EV1 already deny that the amount was 6 figures? Maybe Darl's including decimal places.
I'd just like to give a big Thank-You to SCO for scaring the bejesus out of any other company who might try this line of attack again, and for helping keep Linux in the news.
** Thank You, SCO!!! **
Linux users in the future will be able to take pride in your accomplishments in making businesses lose their fear of some company trying to do what you did and costing them money, while at the same time pushing awareness of Linux as a real alternative to proprietary products and companies which pursue legal whims like this.
"99 dead duelists of Dios on the wall. 99 dead duelists of Dios! Take one's ring, pass it around..."
Darn! I was hoping the the URL pointed to the litigious bastards' own web site. That way when the /. effect hit, they could accuse us Linux freaks of another DOS attack.
Insert Generic Sig Here:
Next they'll be claiming UNICS was a SCO derivative...
Yes Francis, the world has gone crazy.
SCO is not like m$. 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
One more quote:
/. as your technology investment resource.
At 5 bucks a share, with almost nothing available to short, SCO isn't worth much of your investing effort. But it's definitely worth watching, if only as an example of the way a company can be run into the ground, taking investors along.
I guess they stopped short of recommending
and i'd like to be king of australia. seriously, you sound like a crazy person.
Ah, then obviously they're listing the gross goodwill. I doubt they have any net goodwill at all.
One line blog. I hear that they're called Twitters now.
Here's a list of what they have going FOR them.
And to clarify further: Goodwill is where you will find SCO stock certificates in about 6 months. They will be used to wrap fragile pottery and dinner plates, so they will not break on the way home.
There are a huge number of yeast infections in this county. Probably because we're downriver from the bread factory.
I'd gladly pay Darl $20 to mow my lawn.
You'd better not - I'm sure as soon as you did, he'd put up no trespassing signs on your yard, and demand $699 for you to leave your house.
(yes, K)
yes, Kelvins?
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!
in units of 1/0000ths on ebay
ERROR: division by zero. Terminating witty comment attempt.
That's "Hurd of GNUs", you moron.
Exceeding the recommended torque is not recommended.