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The Salt Lake Tribune: SCO Stock Tumbles on Letter

Apr 20, 2004, 14:00 (11 Talkback[s])
(Other stories by Bob Mims)


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"Still reeling from a major investor's call for the return of its $20 million investment, SCO Group's stock plunged to $7.77 Monday--its lowest price in nearly 11 months.

"The Lindon software company's shares have tumbled $2.23 since BayStar Capital's Thursday letter demanding immediate redemption of 20,000 shares of SCO's Series A-1 Convertible Preferred Stock. SCO stock has not sold for less than $7.77 since June 4, when it traded at $6.60 per share..."

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