CNET News.coom: SCO warns of earnings shortfallJul 11, 2000, 01:22 (6 Talkback[s])
(Other stories by Stephen Shankland)
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"Santa Cruz Operation (SCO) today warned that its loss for the most recent quarter will be about 30 cents per share deeper than expected because of slow sales of its server software. The company, which sells Unix, its Tarentella thin-client software, and Linux services, warned that revenue will be between $26 million and $28 million and net losses between 50 cents and 55 cents a share for the third quarter, which ended June 30. Analysts surveyed by First Call/Thompson Financial expected a loss of 13 cents."
"Analysts note that SCO has been hurt by the arrival of Linux, a less expensive clone of versions of Unix such as SCO's UnixWare. SCO initially derided Linux, which like SCO's Unix, runs most often on Intel hardware. But SCO has since warmed up to the operating system."
"SCO still is positioned to take advantage of trends such as Linux, application service providers, the antitrust case against Microsoft, and the conversion of software into Web services, Michels said. "We are committed to maintaining technical and market leadership in the exciting and challenging times ahead," he said."
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