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.""

Comments

And the shareholders?

[Colin Smith]

They don't think it's time to start making profit the primary motive for the operation?

Yeah, that's it

[smooth wombat]

primarily due to continued competitive pressures on the Company's UNIX products and services.

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.

Re:Yeah, that's it

[RealProgrammer]

Actually, their statement is accurate, as far as it goes.

For this quarter, the decreased revenue is primarily due to a shinking market for commercial Unix. Their long term prospects for increasing Unix revenue have been effectively squelched by the lawsuits.

But their decreased cash position is due to paying lawyers.

9 *million*?

[ecklesweb]

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...

Re:9 *million*?

[chris_mahan]

Licenses on continued use for existing installations.

As systems get migrated to [insert OS of choice] their revenue stream will decline slowly over time.

suing customers

[Xtifr]

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? :)

Re:suing customers

[Dukael_Mikakis]

It seems so obvious, doesn't it? Don't sue the people who pay your bills.

The problem is that too often public companies, especially ones that aren't doing well, end up having to resort to short-term moneymaking schemes to meet their earnings (so that they have a chance to sell more stock and raise more funds).

SCO's short-sighted profit-boosting measures should have been (and likely were) regarded as signs of a company that was (well, is) in serious trouble.

Current events, calendar.

[Anonymous Coward]

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:

• SCOvIBM:
  • Proposed Scheduling Order - fully briefed, awaiting ruling.
  • [IBM Proposal] [SCO Proposal and opposition] [IBM Reply] [Transcript]
• IBM's Motion for Entry of Order Limiting Scope of IBM's Ninth Counterclaim - fully briefed, awaiting ruling.
  • [Motion] [Opposition - sealed] [Reply - redacted] [Transcript]
• SCO's Motion to Compel IBM to Produce Samuel J. Palmisano for Deposition - fully briefed, awaiting ruling.
  • [Motion] [Opposition - redacted] [Reply - sealed] [Transcript]
• SCO's Motion for Leave to File 3rd Amended Complaint - fully briefed, awaiting ruling.
  • [Motion - sea

SCO has a strong Plan of Action

[WillAffleckUW]

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

Re:Present tense

[Shadow Wrought]

They're dead, Jim.

You grab the code, I'll get the servers.

Hypocrite.

[halivar]

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.