Computer Business Review: SCO Admits Stock Compensation Snafu

"SCO Group Inc has offered to buy back from employees 312,806 shares of common stock that the Unix vendor says it distributed without complying with registration or qualification requirements under state securities laws.

"The Lindon, Utah-based Unix vendor revealed in a filing with the Securities and Exchange Commission that it had issued more shares under its 2000 Employee Stock Purchase Plan than had been previously registered for issuance..."

Complete Story

Related Stories:

• SCO 2Q Report Reveals Declining Revenue, Again(Jun 02, 2005)
• Groklaw: "Regulators Have Initiated Or ... May Initiate Legal Actions Against Us..."(May 19, 2005)
• PR: The SCO Group to Resume Trading Under Symbol 'SCOX'(Apr 19, 2005)
• PR: SCO Announces Restatement of Financial Statements to Correct Certain Accounting Errors(Mar 03, 2005)