Posted on 09/01/2004 7:40:18 AM PDT by ShadowAce
Since eWeek content is banned on FR, I'll try to summarize:
Revenue reported: $11.2 Million
SCOSource Licensing Revenue: $678,000. The increase came from only two unnamed customers.
Net loss for the quarter: $7.4 Million
"SCO has been finding it "very difficult to get new customers" and is focusing on keeping its installed base."
"To help manage its finances, SCO is renegotiating its legal fees agreement with its primary IBM litigator, the law firm of Boies, Schiller & Flexner LLP. In this revised fee agreement, in return for giving the law firm as much as 33 percent of any settlement awards resulting from SCO's lawsuits, the overall cash cost of SCO's litigation has been capped at $31 million in cash and securities."
SCO Tech Ping. Ping any others I may have forgotten.
David Boies gets 66% contingency fee. Sheesh!
""SCO has been finding it "very difficult to get new customers""
Uh, no fooling, Sherlock. Threats of lawsuits aren't a really good way to attract customers, it seems to me. Idiots!
SCO's been a sinking ship for a long long time, the threaten to sue over Linux BS was just their attempt to stay afloat by fear and intimidation because they are and have been losing any relevance in the marketplace.
SCO... when we can't innovate, we sue and threaten. They are only delaying the inevitable.
SCO... the WANG of the 21st century.
"Threats of lawsuits aren't a really good way to attract customers"
Not to mention that the SCO OS is simply garbage.
"SCO... the WANG of the 21st century.
"
LOL. Very good. It's just a matter of time before the SCO doors slam shut permanently. Too bad.
A contengency fee is worthless if you lose the case.
Perhaps the most striking SCO news recently is that
Judge Kimball has scheduled a hearing for both the
IBM and Novell cases on the same day (15 Sep) and
the SAME TIME.
It's not entirely clear what this implies, but odds
are it's not happy news for SCO.
http://www.groklaw.net/
has the continuing coverage and all the available
documents in all the cases.
Definitely, both Autozone and DC showed what can happen to a former SCO customer who has since switched to a better platform. If you decide to switch from Windows to Linux, Microsoft will bend over backwards to get you to stay (if your install is large or high-profile enough). SCO will just sue you.
DUDE, i just got up and you had to put THAT image in my head. thanks.
I just read Forbe's coverage -- do NOT look to Forbes/AP for advice on SCO's business. They started with the fallacy "The SCO Group Inc., which owns the Unix operating system..." and then went downhill from there. They then have some basic facts and then a big "we're doing great" from Darl, but nothing to balance that.
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