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SCO's 10K: Now What? Caveat Emptor

Jan 31, 2008, 15:15 (2 Talkback[s])
(Other stories by Pamela Jones)

"SCO has filed its 10K Annual Report for the fiscal year ended October 31, 2007. What a year it has been. They are down to 115 employees as of that date. Probably less now. They 'anticipate a reduction in force as a result of Chapter 11 bankruptcy and in order to return to profitability.' Uh huh. Product revenue is down 27%. They expect that to continue. They can't guarantee they'll make it out of Chapter 11. Those they owe money to could be left with nothing or almost nothing. Common shareholders are in the same boat, even if they do successfully implement a reorganization:

"A plan of reorganization may result in holders of our common stock receiving no distribution on account of their interests and cancellation of their common stock... Therefore, an investment in our common stock is highly speculative..."

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