December 21, 2004

Gotta Love It

Loss Widens at SCO Group


God, those words have a ring to them don't they? Loss ... widens ... at SCO ... Group.

I just love saying that.

Almost as much as "SCO loses big in court, bankruptcy expected soon (officers expected to be indicted)".

Lindon, Utah-based SCO reported a loss of $6.5 million, or 37 cents a share, in the fourth quarter. That compared with a loss of $1.6 million, or 12 cents a share, in the same period a year earlier.

The loss includes a $2.7 million restructuring charge.

Revenue fell more than 50% to $10.1 million from $24.3 million a year earlier.

Revenue fell more than 50%. Ahhhhh.

Posted on December 21, 2004 04:34 PM