The Register: SCO Admits: Linux Jihad is Destroying our Business
Nov 18, 2003, 20:00 (11 Talkback[s])
(Other stories by Andrew Orlowski)
[ Thanks to Mark for this link.
"By law, companies must provide apocalyptic forward-looking
scenarios in their SEC filings. They need to show they've thought
of everything, to fend off potential class action suits just in
case the sky really does fall in.
"But in a filing yesterday the SCO Group gave a strong hint that
while it anticipates riches from IP licenses, its current business
is falling apart. Deeply embedded in the risks portion of the
filing is this statement:
"'We are informed that participants in the Linux industry have
attempted to influence participants in the markets in which we sell
our products to reduce or eliminate the amount of our products and
services that they purchase. They have been somewhat successful in
those efforts and similar efforts and success will likely continue.
There is also a risk that the assertion of our intellectual
property rights will be negatively viewed by participants in our
marketplace and we may lose support from such participants. Any of
the foregoing could adversely affect our position in the
marketplace and our results of operations...'"