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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.
SCOwned.
If SCO is having Q2 losses, maybe they should upgrade to Quake 3, or at least get a new videocard.
--Kevin
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.
Wow, at $699 a go, they managed to license 15 copies!
Go SCO!
John.
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
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
How about a business karma modifier?
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
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.
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.