internetnews.com: SCO Losses Rise, Revenues Drop in 2004
"Revenues fell and losses deepened for SCO Group during the
company's final fiscal quarter, driven by changes to its
operations, officials announced Tuesday.
"The company declared a net loss of $6.5 million for the fourth
quarter, down from a loss of $1.4 million in the same period last
year. In fiscal year 2004, the company reported a net loss of $23.4
million, compared to a net income of $5.4 million in 2003. Included
in the net loss were charges related to a workforce reduction, a
restructuring of continuing operations and the disposition of
long-lived assets totaling $2.7 million, officials said..."
" I had to read the transcript several times before I understood
what SCO seems to be saying behind the words. The first thing to
jump off the page was this sentence: 'During the call, the company
will only be providing a general update on the status of our
pending litigation and cannot address evidence, rulings, strategies
or other specific details.'
"SCO? SCO can't talk about its litigation? Since when? That's
all they used to do in these conference calls. They even had David
Boies attend one and make threatening noises about the DMCA. So why
now? Why can't they discuss it now? ('The specifics of this are
laid out in our filings with the court.') ..."
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