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IT Manager's Journal: Key Factors Driving Movement of SCO Group Stock, Part 2

Apr 22, 2004, 18:00 (2 Talkback[s])
(Other stories by Melanie Hollands)

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"Aside from some news that has been a catalyst for moving the SCOX stock price this year, there have been a number of other factors that have been driving it. They include:

  • "Insider sales (it's noteworthy that management has been selling, not buying!),
  • "Trading by various funds/investors with large positions in the stock (such as Royce, Canopy, etc.) probably including some ramping by the PIPE investors to help prop up the stock price, and
  • "SCO Group's stock buy-back program (in my view, a last-ditch attempt to manipulate the stock price)..."

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