Interesting points about their earnings announcement:
1) Profits were $3.1 million 2) According to a story over at Infoworld, Microsoft may have paid $6 million for their Unix license. 3) Out of $20.1 million in revenues, $7.3 million came from SCOsource, which is the unit driving this whole nonsense. 4) And according to SCO itself, they've spent around $1 million on legal costs so far related to the IBM suit.
Bottom line: SCO's fundamental business is still in a death spiral. Take away the legal fees and the SCOsource revenue, and the rest of the biz lost around $2.2 million, on revenues of $16 million...
Case in point - an interesting article over at ComputerWorld about how IBM is pitching Linux to the banking industry, as a migration path away from OS/2.
Those nefarious nogoodniks - trying to ensnare innocent customers in their illegal activities!!!
The reporters aren't acting like authorities - that's why they use phrases like "in a recently published study, experts say," and "researchers noted," etc. I have to agree with the grandparent here - it's the job of the journal in question to vet the study and make sure it's suitable for publication, whereupon the mainstream press is free to pick up the story. The responsibility lies with the journal editors, to safeguard the reputation of their field.
Wrongo, buddy - the 2% is the percentage of insider holdings that have been sold, NOT 2% of the total outstanding shares. That's a pretty big difference!
Plus, how is it shocking that this suit is about propping up their own stock price? What other purpose could it possibly have??? Duh...
Whether the claims are bogus or not will be determined in court, and as long as their sales filings to the SEC are in a timely manner, there's nothing to indicate that there's anything improper going on.
This is a really overblown story. The figure they're quoting is only about 2% of insider shares, so it's not like this is a "pump and dump." Granted, nobody likes what SCO is doing, but this story doesn't cut it...
I'm assuming this is a troll, but I'll bite anyway - layoffs occur when structural changes are made to a business. Nobody sees a tangible difference in how Microsoft would do business as a result of this. They'll probably just tie this up in appeals for the next several years anyway, ensuring happy employment for lots of hard-working, blue collar lawyer types...
Plus, take a look at the stock chart for SCO today - this PR broke around 2 p.m., and after some initial volatility, it basically ended up the same as before the PR, down over 10% on the day.
Exactly - while IBM isn't doing this out of the goodness of their own heart, the Linux crowd should be ecstatic that Big Blue is on its side (for at least the moment).
Taxes on the money supply are usually levied by increasing the money supply. In its most egregious form, this is called "defecit spending" but it's not the only form.
I'm not so sure I agree with your characterization. Deficit spending in and of itself doesn't increase the money supply (in the long term), as bonds issued to pay for the debt in the usual case. When the government "monetizes" the debt by simply printing more money to use for deficit spending, however, that indeed increases the money supply and increases inflationary pressures.
In my opinion, the worst part about deficit spending is that interest on that debt becomes a significant chunk of the government budget. If the current administration could have held off on their reckless tax cuts for a couple more years, a substantive, sustainable adjustment to the tax code could have been made, based on a significant reduction in the national debt. Now that debt is rising quickly again, and when interest rates climb back up over the next few years, the $hit is really going to hit the fan...
And even better, how fortunate is Linux that a heavyweight like IBM is taking up its side on the GPL? If, a few years ago, one had thought of the GPL being challenged in court, who would be expected to take up the fight? The EFF? Some OSS group? Hardly a thrilling prospect...
Exactly... I think a great MMORPG to start with would be where each character would be sitting around a table, with a NPC at one end with a deck of cards, dealing each player a hand of blackjack...
It's good to see IBM taking a stand here. They've got the resources to hit SCO on so many fronts that capitulation will become the only option. Think about it - IBM has a huge stake in the growing acceptance of Linux, so has everything to gain by squashing SCO like a bug.
I would think the people of Israel would disagree as to whether they (Muslim extremists) "are more likely to blow people in the US up." And I don't recall hearing about many suicide bombings by the IRA. Bombings, yes - suicide bombings, no.
I think most techies would agree that the political & managerial aspects of IT/IS projects are by far the most difficult. Under the pressure that management brings to "get this up and running," it's only natural for budgets and estimates to be built around what are really best-case scenarios. The hard fight has to be taken on early, though, to make management understand that they can ask for a quick, well done, and cheap project, but they'll only get 2 out of those 3 qualities at best - they can't have it all.
A $10 million dollar project that was budgeted for $8 million is usually considered a failure - if that same project had been estimated up front at $11 million, it would be hailed as a success. And while management may balk at those estimates ("it has to come under $X"), that's when the techie has to dig in his/her heels and say that in their professional judgement that's what the cost will be and at that point whether the project is worth doing is for managment to decide.
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This research cannot by allowed to go forward. We all know what happens when gamma rays are used in weapons!
doh! Should've checked the numbers one last time. Make that, "lost $2.2 million on revenues of $13.8 million."
Interesting points about their earnings announcement:
1) Profits were $3.1 million
2) According to a story over at Infoworld, Microsoft may have paid $6 million for their Unix license.
3) Out of $20.1 million in revenues, $7.3 million came from SCOsource, which is the unit driving this whole nonsense.
4) And according to SCO itself, they've spent around $1 million on legal costs so far related to the IBM suit.
Bottom line: SCO's fundamental business is still in a death spiral. Take away the legal fees and the SCOsource revenue, and the rest of the biz lost around $2.2 million, on revenues of $16 million...
Somebody better alert Yukon Cornelius!
Damn straight!!!
Case in point - an interesting article over at ComputerWorld about how IBM is pitching Linux to the banking industry, as a migration path away from OS/2.
Those nefarious nogoodniks - trying to ensnare innocent customers in their illegal activities!!!
The reporters aren't acting like authorities - that's why they use phrases like "in a recently published study, experts say," and "researchers noted," etc. I have to agree with the grandparent here - it's the job of the journal in question to vet the study and make sure it's suitable for publication, whereupon the mainstream press is free to pick up the story. The responsibility lies with the journal editors, to safeguard the reputation of their field.
Wrongo, buddy - the 2% is the percentage of insider holdings that have been sold, NOT 2% of the total outstanding shares. That's a pretty big difference!
Plus, how is it shocking that this suit is about propping up their own stock price? What other purpose could it possibly have??? Duh...
Whether the claims are bogus or not will be determined in court, and as long as their sales filings to the SEC are in a timely manner, there's nothing to indicate that there's anything improper going on.
This is a really overblown story. The figure they're quoting is only about 2% of insider shares, so it's not like this is a "pump and dump." Granted, nobody likes what SCO is doing, but this story doesn't cut it...
This virus today is so nasty it's knocked /. over to the side! Or did somebody just forget to close that italics tag...
Preferably SCO's, right? Might as well burn up their servers...
I'm assuming this is a troll, but I'll bite anyway - layoffs occur when structural changes are made to a business. Nobody sees a tangible difference in how Microsoft would do business as a result of this. They'll probably just tie this up in appeals for the next several years anyway, ensuring happy employment for lots of hard-working, blue collar lawyer types...
Plus, take a look at the stock chart for SCO today - this PR broke around 2 p.m., and after some initial volatility, it basically ended up the same as before the PR, down over 10% on the day.
In short, this was a non-event.
Exactly - while IBM isn't doing this out of the goodness of their own heart, the Linux crowd should be ecstatic that Big Blue is on its side (for at least the moment).
Taxes on the money supply are usually levied by increasing the money supply. In its most egregious form, this is called "defecit spending" but it's not the only form.
I'm not so sure I agree with your characterization. Deficit spending in and of itself doesn't increase the money supply (in the long term), as bonds issued to pay for the debt in the usual case. When the government "monetizes" the debt by simply printing more money to use for deficit spending, however, that indeed increases the money supply and increases inflationary pressures.
In my opinion, the worst part about deficit spending is that interest on that debt becomes a significant chunk of the government budget. If the current administration could have held off on their reckless tax cuts for a couple more years, a substantive, sustainable adjustment to the tax code could have been made, based on a significant reduction in the national debt. Now that debt is rising quickly again, and when interest rates climb back up over the next few years, the $hit is really going to hit the fan...
And even better, how fortunate is Linux that a heavyweight like IBM is taking up its side on the GPL? If, a few years ago, one had thought of the GPL being challenged in court, who would be expected to take up the fight? The EFF? Some OSS group? Hardly a thrilling prospect...
*sob*
Wish I still had my old Atari 400 - complete with Star Raiders and other great games...
So when can I cut back on the air conditioning???
I like the guy sending monopoly money for his SCO license. For online purchases, one should probably try Flooz...
Exactly... I think a great MMORPG to start with would be where each character would be sitting around a table, with a NPC at one end with a deck of cards, dealing each player a hand of blackjack...
what a concept!
Between patent lawsuits and the lawsuit-spawning SCO drama, it's a good time to be an IP lawyer!
Bah - up/down & right/left are nice, but I'll be impressed when a mouse allows me to scroll into/out of the monitor. Now that would be something...
And in other news, SCOX is down 12% today.
It's good to see IBM taking a stand here. They've got the resources to hit SCO on so many fronts that capitulation will become the only option. Think about it - IBM has a huge stake in the growing acceptance of Linux, so has everything to gain by squashing SCO like a bug.
I would think the people of Israel would disagree as to whether they (Muslim extremists) "are more likely to blow people in the US up." And I don't recall hearing about many suicide bombings by the IRA. Bombings, yes - suicide bombings, no.
I think most techies would agree that the political & managerial aspects of IT/IS projects are by far the most difficult. Under the pressure that management brings to "get this up and running," it's only natural for budgets and estimates to be built around what are really best-case scenarios. The hard fight has to be taken on early, though, to make management understand that they can ask for a quick, well done, and cheap project, but they'll only get 2 out of those 3 qualities at best - they can't have it all.
A $10 million dollar project that was budgeted for $8 million is usually considered a failure - if that same project had been estimated up front at $11 million, it would be hailed as a success. And while management may balk at those estimates ("it has to come under $X"), that's when the techie has to dig in his/her heels and say that in their professional judgement that's what the cost will be and at that point whether the project is worth doing is for managment to decide.