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.
I am an active day trader/swing trader and I have never even touched SCO's stock. The logic behind their decisions seems to baffle me, and I have not seen any valuation in my eyes. Maybe this will shock their investors into providing some insight into where SCO needs to be.
Also, speaking of stocks, I run my own Day Trading/Swing Trading website journal. Everything is free, so check out GroupShares.com.
Thanks,
Aj
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artlu.net
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