SCO Admits It May Be Going Under
Sep 20, 2007, 15:30 (2 Talkback[s])
(Other stories by Steven J. Vaughan-Nichols)
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"A few days late, SCO finally released its financial report,
Form 10-Q, on Sept. 18 for the quarter ending on July 31. The news
was bad. How bad? SCO admits that 'there is substantial doubt about
the company's ability to continue as a going concern.'
"According to SCO's 10-Q report to the SEC (Security and
Exchange Commission), SCO's losing its claims to Unix's IP
(intellectual property) to Novell in the U.S. District Court on
Aug. 10 and its recent court filing for Chapter 11 bankruptcy, make
it questionable that the company will survive..."