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The Register: More red ink spatters SCO

Jul 26, 2000, 14:21 (4 Talkback[s])
(Other stories by Andrew Orlowski)

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"As it warned last month, the Santa Cruz Operation continues to bleed red ink. For the third quarter of financial year 2000, SCO reported a net loss of $19m, compared with a $4m profit for the corresponding quarter last year. Revenues were less than half what they had been in Q31999."

"SCO has a fund of $31.3m cash and investments - half of what it was nine months ago- and Michels said part of its plan is to seek mergers to shore up its reserves. However not one analyst enquired about the unsubstantiated rumours of an acquisition by SCO, although [SCO CEO Doug] Michels said it was a priority to release a SCO Linux offering, as well as offering a host environment for Linux applications within UnixWare."

"Ominously SCO's last SECC filing noted that the brunt of the £3.6m severence expenses had been borne by "product development for the Server Software Division", and Michels noted that SCO had joined the Linux IA-64 Project, formerly known as Trillian. All of which suggests that SCO will be leaning more on development partners such as Compaq, with whom it developed NSC (Non Stop Clusters) for UnixWare, and the open source community, for core server development."

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