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PC Week: SCO tanks on earnings outlook

Mar 24, 2000, 00:07 (3 Talkback[s])
(Other stories by Tiffany Kary)

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"Santa Cruz Operation Inc. (Nasdaq: SCOC) plummeted 30 percent Wednesday after it said Tuesday that second-quarter and year-end sales will be significantly lower than expected."

"SCO said that results for the year will be significantly below its original estimates of $250 million in revenues and earnings of 60 cents a share. The company beat First Call estimates by a penny in its recently reported fourth quarter."

"The company also announced it is splitting into three independent divisions focused on e-business servers, its Tarantella software and Internet professional services. SCO managed to squeeze the Linux word into its press release by announcing that its server division will expand into the emerging Linux market."

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