SCO Announces Q2 2005 Results
gaijincory writes "SCO announced it's second quarter results Wednesday. Their net loss came in at just under $2 million. Revenue was $9.2 million (down from $10.1 million in the same quarter of the prior year). The decrease in revenue was "...primarily due to continued competitive pressures on the Company's UNIX products and services.""
Does this mean they're dying?
# cat
Damn, my RAM is full of llamas.
That was on Groklaw days ago.
They don't think it's time to start making profit the primary motive for the operation?
Deleted
Shocker!
1&1 - Cheap domain and web hosting.
The evil penguin did it!
Mua-ha-ha-ha-haaaa!
Isn't $10.2 million - $9.1 million just under $1 million?
That must be it. After all, that horde of lawyers and getting shot down at every turn in court isn't costing you a dime.
We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
Competitive pressures? Try shitty managament and alientation of their customers.
First Post!
How in the WORLD did SCO manage to sell 9 *million* dollars in software? That says to me you could have a monkey on the stree selling AOL CDs and rake in a couple million...
Can we drop the SCO thing yet... This is like standing on the side lines watching someone get beat to death by an angry mob and cheering for more blood.
They're dead, Jim.
That's our life, the big wheel of shit. - The Fat Man, Blue Tango Salvage
The ZEROTH Commandment: Thy shall not stand against the Penguin :):)
This is just the kind of crap that will happen when you take away a company's ability to innovate using patents and patent infringement lawsuits.
For those of you who are uninformed, that was a sarcastic statement.
Make my day. Mod this as Score:5, Insightful
How much did they pay their CEO, President, and all VP's? If they were not there, would that have made the company profitable?
Suprisingly, this is how most CEO's think about the workforce. Look at motorola when they laid off 11,000 workers. Then the board decided to reward the CEO with a multi million dollar bonus for his hard work.
Does SCO really need all those executives? I don't think so. If you ask me, it is the workers that are responsible for building a company, not the executives. There should be worker protection laws.
Rosco: "If brains were gunpowder, Enos couldn't blow his nose."
What you have to realise is, they have dropped revenue by almost 10%, and the BULK of the fallout from their manic activities probably won't hit them until the next product upgrade cycle, and then they will vanish like a planet making way for a hyper-galactic-express route.
SCO: Mostly Harmless.
They are burning more in legal costs than R&D and their business strategy relies on legal proceedings. Plus, they are trying to sell muddy water to atlantians.
Dear SCO,
I feel sorry for you, we gave you a pittance, used you for our queer games, and now we gleefully laugh as you slide beneath the rock whence you came,
Billy G, Microsoft Lead Badass and his monkey friend.
Says it all!
#hostfile 0.0.0.0 primidi.com 0.0.0.0 www.primidi.com 0.0.0.0 radio.weblogs.com
On the hospital bed, rasping for breath, cancer launching its final assault against the last vestiges of healthy flesh.
.... The decrease in revenue was "...primarily due to continued competitive pressures on the Company's UNIX products and services.""...
---
Go Microsoft!
Hahaha! Well done, I was missing your posts.
grub
Those numbers are so small...my parents run a small computer schoool that pulls in ~ $3 million a year. After taxes and expenses there's really not much left. SCO really *is* dying...they're spending millions on the IBM case, and that's really all the money they have.
I wonder if some the delay in the lawsuit is due to IBM...the longer this case drags out, the less chance SCO has to survive to the end.
I'm sure their habit of suing their own customers has greatly helped their position in the market as well. I know that I always prefer to buy things from someone who'll sue me for having bought it later. And while I'm at it, can I get one of those new cars with the bear trap built into the accelerator pedal? :)
Standing up... check
Eating something... check
Taking a shower... check
Read the daily SCO news... check
This sig does not contain any SCO code.
Here's a list of the some of the current activity of SCO's various court battles.
Quick update: SCO has filed a "report" stating that they will not be filing a motion for a preliminary restraining order against Autozone.
Current events:
SCOvIBM: Four motions have been briefed, and a hearing was held on 21 May 2005. Judge Kimball is still considering these motions regarding the scheduling order, the motion to narrow the scope of IBM's 9th counterclaim, the motion to depose IBM's CEO, and SCO's motion to file another amended complaint. Discovery continues. Redacted and unsealed motions are dribbling out, with IBM and SCO apparently unable to agree entirely on what will remain sealed. Another discovery battle is shaping up around the issue of privilege logs, though the parties have agreed to consult with each other before making a motion to the court to resolve such disputes.
SCOvNovell: Judge Kimball has taken Novell's motion to dismiss SCO's amended complaint under advisement, after the 25 May 2005 hearing.
RedHatvSCO: This case is still completely stayed. However, "if the claims or counterclaims in the pending SCO litigations change, and it would no longer be an inefficient use of judicial resources for this court to consider whether the LINUX system contains any misappropriated UNIX system source code, or if there is evidence that SCO has misrepresented the issues of this case, or the Utah litigation," Red Hat can refile their motion for reconsideration to lift the stay.
SCOvAutoZone: The "60 days of limited discovery" regarding the preliminary restraining order have ended, and SCO has declined the opportunity to file a motion for a preliminary restraining order. Thus, the matter is stayed "pending further order of the court." In SCO's report to the court regarding the just completed discovery, SCO hints that it may file a motion to lift the stay to pursue claims "based solely on Autozone's migration to Linux," because they claim to have found "extensive copying ... of what SCO believes to be programs
containing ... OpenServer code." This matter is unrelated to any copyright
infringement action SCO could bring against a general Linux user.
In summary:
Nice Karma Whore, I'd bet you would suck a cock for a +5 insightful.
he decrease in revenue was "...primarily due to continued competitive pressures on the Company's UNIX products and services.""
I'm sorry I just can't stop ROTFLMFAO....
IBM is dragging around their corpse in the mud while people point and laugh.
Get Paid to search
LNUX != Linux
LNUX == Va Software Corporation (One of the hundreds of companies that sells Linux solutions/support, etc, and only one of the many that has something to do with promoting/contributing to Linux).
No fear of that site being slashdotted.
1- quit karma whoring
2- if you post the text, do it anonymously.
children today...
Good !
Does that mean we can start using KDE ???
[ Sorry, KDE fans, there was no way
I was going to support SCO owned properties ]
Seriously, does this mean that SCO no
longer sits on the Trolltech Board?
Have they sold ALL their stock?
Oh wait. It's only the falling expectations of all them SCO investors.
Hey I just wanted to tell the whole world I LOVE YOUUUUU SOOOO MUUUCCCCHHH !!!! :-) i dont understand most of the stufff on slash dot but its funnie to read everyones posts !! hehaheaha
Lots Of LoVe
~~Angelic Carrie~~
1. Steal code from open source and pretend it's theirs. ...
2. Sue open source.
4. Profit!
Ok, so it's the same as the Gnomes Underwear Plan on South Park, but it's TWICE as EFFECTIVE!
0 x 2 = 0
-- Tigger warning: This post may contain tiggers! --
From the announcement: "The decrease in revenue in the second quarter of fiscal year 2005 from the comparable quarter of the prior year was primarily due to continued competitive pressures on the Company's UNIX products and services."
In other words, "We lost money because of our neverending, frivolous lawsuit against IBM."
It must be Windows. It needs half a gig of RAM and a hardware-accelerated graphics card just to run Solitaire.
"Their net loss came in at just under $2 million."
And they earned every penny of it.
"What does slashdotting mean?"
"You've never heard of slashdot?"
"I know it makes websites not work."
Especially of interest here is the use of Netfilter by Cymphonix, given Harald Welte involvement in both Netfilter and in the in dealing with GPL violations.
To add to the fun, it even appears that Cymphonix is either using or preparing to use 2.6.x versions of Linux.
The real "Libtards" are the Libertarians!
C'mon, it's not even slowing down yet!
# cat
Damn, my RAM is full of llamas.
First, if you look at the diagram for your Mozilla sidebar or Active Desktop.
Does this really mean they're running a "net loss" of $2 millon? Or, does it mean the "net loss in revenue" between quarters was ~$2 million?
"I assumed blithely that there were no elves out there in the darkness"
Millions of customers? Is this still in their SEC filings? Isn't there a duty for public-traded companies to be truthful?
Million(s) of customers implies at least two million. Are they earning $4.50 per quarter from each customer? $18 per year per customer? What kind of Unix is this that costs $18?
Time to update the SEC filings and news releases, no? Is it necessary to point out something like this, to give notice, before a company can be charged with defrauding investors?
Time to fess up, Darl. Does SCO really have two million or more customers on $9,258,000 quarterly revenue?
How about: The SCO Group, Inc. (Nasdaq: SCOX) helps hundreds of customers to grow their businesses everyday!
I love the casualness of the "F-bomb" internet text. "Here's the text of TFA" censored translation... "Here's the text of The Fxxking Article" So casual. But on the other hand no one would know what the OP was talking about if he put "...text of TA" And it might be tough to condone the switch from TFA to TA, since all your really doing is getting everyones minds off Fxxking and onto Tits and Ass.
No: paying lawyers will not decrease your revenue. Revenue is total funds taken in, without subtracting expenses.
You and that piece of shit MOG can lick my hairy scrotum, you moronic attention whoring troll. Learn to spell and try to understand that there is no "Linux stock," dumbass.
Remember they are talking about quarters here. More like something akin to 36 million for the year if the other quarters are like this.
Although also by that same thought their loss would come out to be >8 million for the year compared to last year if the trend stays. Presumably it will get worse as IBM teaches them a thing or two about how to litigate and bury your opponent, IBM has been around a long time and has a lot of experiance, that'll teach them young whippersnappers!
It seems like there are still a couple of companies out there that still use SCO software. I'm wondering if it would be profitable to start a consulting firm specializing in moving your proprietary in-house software to other UNIX platforms. Those folks should be starting to get nervous about their platform of choice still being around this time next year...
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
my lover you have returned!
Yay!
Read my blog: HansMast.com
Something most /.er's know nothing about.
Capitalist, indeed. The US is a socialist country, it's just that the handouts go to the wealthy. In Europe at least the tax dollars generally go towards things that benefit the common person. The ruling class here has you fooled into thinking that their interests are your interests, and that anyone can become what they are through hard work when a large part of the socialist system in the US is specifically designed to raise the barrier of entry in most major markets so high that common people can't compete. You are paying for your own shackles and telling everyone that shackles are helpful, comfy, and we should all be grateful to have the opportunity to wear them.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Ubuntu Linux RULES. SCO should take some lessons from them. Innovate don't litigate!
Not only does it mean F'n ____, but it means "Fine."
So, Read The Fine Manual, or The Fine Artical.
SCO is competeting directly against a free version of Unix that is better in almost every way, especially on price.
Unless they have some kind of ingenious plan (which I doubt considering they almost always get sued when they try something new), what do they have left to offer? I guess they have the "support" options for companies too nervous to dive into a Linux environment, but that support is only as good as the company you get it from anyway.
I got to install SCO on a PC back in about 1997. I loved it at the time, mostly because it converted my PC to Unix. Otherwise, I was much happier with either Solaris, AIX or HP-UX. SCO ranked pretty low on the list. Most versions of Linux rank right up near the top of the list now, and also run on a PC. I don't see why people would choose SCO.
/. ++
I won't use KDE cuz ...
1) It's not open source.
2) SCO had seats on the Trolltech board.
3) It's godawful slow and makes the WindowsXP "Fischer-Price" UI look good.
So we agree on some things.
No, they're still better off financially than the corporation that owns this web site.
One of my clients uses Avaya Conversant Voice Response Units. The underlying engine is a Unix box running SCO. Avaya announced more than a year ago that they were de-supporting the platform. New platform runs SunOS. Coincidence? I think not.
There was supposed to be an earth-shattering BOOM!
Seriously, when does the "SCO goes down in flames" lightshow begin? How long has it been? And where can I buy front-row seats for the trial where IBM and the judge smacks them around?
Don't think of it as a flame---it's more like an argument that does 3d6 fire damage
Can we drop the SCO thing yet... This is like standing on the side lines watching someone get beat to death by an angry mob and cheering for more blood.
You clicked the "Read more" link, too.
About SCO
The SCO Group, Inc. (Nasdaq: SCOX) helps millions of customers to grow
their businesses everyday. Headquartered in Lindon, Utah, SCO has a worldwide
network of thousands of resellers and developers. SCO Global Services
provides reliable localized support and services to partners and customers.
For more information on SCO products and services, visit http://www.sco.com./
Thousands of resellers and developers. Millions of customers. Doesn't sound like the SCO I know...anymore.
I only came here to do two things; kick some ass, and drink some beer...looks like we're almost out of beer.
alt.sco.die.die.die
There seems to be an endless need in KDE fantasy land to reaffirm
their beliefs by finding like-minded acceptance.
KDE users read reviews on Trolltech products just to reassure themselves that
they made the right decision to back a very questionable horse in the race.
When they read a bad things about or criticism of or, in this case, the truth about KDE/Trolltech, they get mad (and call people names).
This continues to happen year after year. Insecurity seems to be pandemic among KDE Zealots.
This phenomenon is the only thing that explains KDE users still getting so adamant.
If KDE had 90 percent of the Linux market share you wouldn't hear a peep out these losers, since the
market itself would have given them the affirmation they need.
KDE users style themselves as brilliant non-conformists; in reality, they areinsecure and utterly intolerant and of quite average intelligence.
Notice how they mod down reasonable criticism around here and shamelessly mod themselves up.
They are worse than Apple zealots.
These guys are still in business?
Grrr. :-(
lol perfect timing. thank you
Not only does it mean F'n ____, but it means "Fine."
So, Read The Fine Manual, or The Fine Artical.
Since first encountering the acronym RTFM in the eighties, I've always understood the "F" to stand for "Forgotten"
"owner of the UNIX operating system"
Says who? Them?
Bwahahahahahah!!!
"This press release contains forward-looking statements"
Uhm, does this mean it contains their bankruptcy application?
"unforeseen legal costs related to the Company's litigation, the Company's inability to develop new products and services, the Company's inability to release SCO OpenServer 6 on June 22, 2005 and the Company's inability to see its litigation through to its conclusion"
Yeah, I'd say all those are pretty much foregone conclusions...
Richard Steven Hack - This sig is TOO GODDAMN SHORT TO DO ANYTHING USEFUL WITH! MORONS!
...Can you give me 200 bucks?
Serves them right.
[%] Cingular Ringtones
Did anyone else catch that in the anouncement...
... integrates many popular Open Source technologies."
"SCO OpenServer 6
$ shame | less
Looking at postings elsewhere, it seems that the IBM trial is nearing the end of discovery, and the judge has publicly commented that SCO hasn't shown any evidence of infringement by IBM. In the Novell case, SCO can't show that Novell ever signed over the UNIX copyrights, and the Novell board minutes agreeing to the deal specifically mention Novell's retention of said copyrights. IBM has also filed countercharges of patent infringement, etc.
Best guess is that SCOX expected IBM to buy them out for their silence. They didn't expect to actually have to defend their allegations, and they're holding an empty hand to do so. Now they're stalling to try and unload their stock options before the hammer comes down.
Any employees with any ethics should have seen the handwriting on the wall a long time ago, and should have gotten out by now. What's left is people who are actively or passively supporting extortion.
More admins running unsupported systems... yeah, I guess. On the other hand, they've gotten their notice a couple years ago, too - they are either going to be running unsupported systems (when SCO goes belly up), or they are going to be customers of a company that sues everyone in sight, specifically including their customers (in the remote chance that SCO wins).
In the Bible, in the book of Proverbs, it says, "The wise see trouble coming and hide themselves. The foolish proceed and pay the penalty."
Much larger companies didn't take this long to die with simmilar losses even though they had much higher revenue. Commodore for example fell due to simmilar losses in the single digit millions but they were making revenue in the single digit BILLIONS!
If Commodore couldn't handle long-term $2 Million losses with a total revenue over $1 Billion, what makes you think you can handle it with less than $10 Million in revenue, SCO? Just die already!
... and in the DRM, bind them.
Accrued compensation to law firms:
2005: --
2004: $7,956,000
I am not familar with this '--' in the context of accounting.
Does this mean:
a) 'zero'.
b) $7,955,000.
c) they dont know/lost track
d) they are too embarrassed to say
e) ERR: Overflow
?
I think you underestimate just how much I just dont care.
demonstrates that an American edumication is as good as any other!
I have freaks! I did something right...
Which quarter are you talking about? Financial quarters generally don't generally end on January 31.
What?
TFA = The Featured Article
Have I been not swearing all this time , when I could have been?
dagnabbit
.
The truth about Led Zep should never be told on
Canopy wasn't The Evil That Made SCO at the time they invested in Trolltech..
Yes they were. Where do you get your information?
You are sersiously mis-informed. Ralph Yarrow and Darl McBride were SCO/Canopy people way back. Ralph was put on the board of Trolltech. Trolltech's non GPL licensing was just another trojan horse against Linux that they were getting their hands on.
Thanks, Trolltech.
It's sad that only "in the last few months" has Trolltech admitted their problem. If they had publiclly fought this early, they'd have a lot more sympathy. Only after others had done the hard work did Trolltech saunter in for a couple of late kicks.
was due to the sale of their Trolltec stock?
The race isn't always to the swift... but that's the way to bet!
Man what a conference call!!! Let's see, the first seven minutes was a huge lawyer like disclaimer that sounded like an EULA, and they only had two callers... one a private investor, and the other was a local newspaper. The gist of the conference call should be a warning to investors, "There are no millions of customers. If there were, then why did they have to cite so many ~6 foreign customers?" It sounds a great deal like they are praying on OpenServer 6 to be their salvation as the litigation isn't doing so well. If they can woo current customers over OpenServer 6, appropriately named 'legacy' they are completely sunk. I would be willing to bet that any current customers who are using SCO are more than likely seeking alternative solutions... which is a plus to Linux geeks. This means new jobs for old customers who wish to remain profitable. Imagine waking up for work at the auto factory and finding that your main supplier of engines are out of business? It should also be noted how outdated SCO training is. The only tests you can get are from Prometric, and Monster.com yeilds only 103 listings with the hitword SCO internationally. This certainly does not support the claim of 'millions of customers'. Just in case you're wondering, Red Hat yeilded 390 results... keep in mind that the word Linux was excluded from that search. The hit word Linux yeilded more than 1,000 jobs. Remember SCO's not Linux per say, but their own proprietary version of UNIX.
I did notice you also clicked on the link... now start chanting :)
I'm not rah-rah open source and I'm not a GPL zealot. However, Linux needs some scalps hanging from its belt.
What I mean is - Linux, the GPL, open source, all of that will not be taken as seriously as it should be by the corporate types until a major corporation (like SCO) has tangled with it and lost. Lost in a big, final, CEO-fired, flaming-destruction, closing doors, company selling its Aeron chairs kind of way. This would facilitate the kind of hushed whispers that would ensue whenever someone suggested trying to take over, or incorporate code and then lie about it. "You don't want to do that, Mr. PHB - you know what happened to SCO, right?"
"Mr. Scott Lemon, Chief Technologist"
That explains the SCO tech.
If you by it in Florida, can you return it under the lemon law?
What's with these replies appearing in multiple topics? O.O
<p style="colosseum">
Jugula! Jugula!
<p>
...and someone get me popcorn.
Victims of 9/11: <3000. Traffic in the US: >30,000/y
Seriously, this is like dangling at carrot in front of a mule to get it to walk. And I, as a mule, am coming to the realization that I'm not getting that carrot any time soon.
"SCO's losing money? Wow!" Yeah, well, this story ain't exactly Citizen Kane, people. Most of us have read ahead. The only way the company is going to survive is they read ahead as well... and if life is a "choose your own adventure" book.
Turn to page 39: Your company is bankrupt. ...Vampire Pirates!
Turn to page 78:
Those who believe the Internet is private,
find their privates are on the Internet.
Doesn't this now put them in the "small business" category? Hell, I've heard of "small businesses" with higher profits than that.
This has got to be against the law.
On the downside they just created 11,000 Verizon Wireless customers.
"I am the king of the Romans, and am superior to rules of grammar!"
-Sigismund, Holy Roman Emperor (1368-1437)
SCO still has a Unix product?
. Quit playing Monopoly with Bill. Switch to one of many non-Microsoft products today.
...is when you honest-to-God have a use for them. =)
It's called having a good reputation. We wouldn't want the next company considering mugging Tux and his friends to have any false illusions about what happens to people who give that path a try.
Any program relying on (nontrivial) preemptive multithreading will be buggy.
Okay, I admit. That pretty much confuses hell out of me. Like every computer user in the United States, my valiant, decade-spanning efforts to avoid being buried under AOL's media spam have left me wondering *why* people are selling the things.
Is there some kind of value to the things? Do people actually *collect* AOL CDs? Is there someone, somewhere, who desperately wants free AOL hours?
Any program relying on (nontrivial) preemptive multithreading will be buggy.
Linux needs some scalps hanging from its belt
There is an urgent need for Tux-with-scalps desktop backgrounds!
Any program relying on (nontrivial) preemptive multithreading will be buggy.
If the Bush admin is really against corporate scandal, why don't they kill SCO? It seems to me that they are concerned with people versus corporation cases and not corporation versus people cases... SCO is a pain for Linux, IBM, and others who support Linux. SCO is stopping the economic growth of Linux and preventing the freedom of Linux from being on the march. They don't have a profitable capitalistic model and that are a joke to anyone who understands Linux and technology.
Tux would not forget about Poland. Tux accepts code from all!
Accrue: To be periodically accumulated in the process of time whether as an increase or a decrease (the accruing of taxes)
In short, it looks like they haven't booked any legal expenses because they haven't actually paid anything this quarter. It's a very simple way to make your numbers look good, without changing the actual situation. (clue: throw on lots of good press in good quarters, be very quiet in bad quarters)
Live today, because you never know what tomorrow brings
Ha ha!
When I am king, you will be first against the wall.