(Fwd) Still holding onto that SCO stock?

[Rick Tomaschuk]

Guess 'whats his name' did'nt have a case after all...
RickT
http://www.TorontoNUI.ca


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From:           	"NW on Linux" <Linux-T34VE/7WDV9BDgjK7y7TUQ at public.gmane.org>
To:             	rickl-ZACYGPecefkNbK0NzMECUg at public.gmane.org
Subject:        	Still holding onto that SCO stock?
Date sent:      	Wed, 23 Feb 2005 19:10:00 -0600
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NETWORK WORLD NEWSLETTER: PHIL HOCHMUTH ON LINUX
02/23/05
Today's focus:  Still holding onto that SCO stock?

In this issue:

* SCO receives delisting notice from Nasdaq
* Links related to Linux
* Featured reader resource
_______________________________________________________________

By Phil Hochmuth

Last week, Nasdaq told The SCO Group that it might be de-listed 
from the tech-heavy stock exchange because the company has yet 
to file an annual report (or 10-K form) for its 2004 fiscal 
year, which ended on Oct. 31,  2004.

In a statement issued by the company last week, SCO said "unless 
[SCO] requests a hearing on Nasdaq's delisting notice, [SCO's] 
securities will be delisted from the Nasdaq SmallCap Market at 
the opening of business on February 25, 2005."

SCO went on to say that it had already requested such a hearing 
with the appropriate Nasdaq appeals panel, but "there can be no 
assurance that the Panel will grant the Company's request for 
continued listing."

SCO says it was not able to issue its annual report because it 
is still going over accounting issues regarding the company's 
employee stock purchase plan. The Unix vendor says this is the 
only hold-up in its 10-K filing.

While SCO's 10-K filing has been delayed, the firm has published 
its fiscal 2004 results. The vendor's revenue last year was 
$42.8 million, almost a 46% drop from the previous year. The 
company also had a net loss of $23.4 million in fiscal 2004. SCO 
also spent $20 million on its ongoing legal battle with IBM, 
where the vendor is suing IBM for patent infringement, claiming 
that IBM violated SCO's Unix patents by donating Unix code IBM 
had licensed from SCO for the development of Linux.
_______________________________________________________________
To contact: Phil Hochmuth

Phil Hochmuth is a Network World Senior Editor and a former 
systems integrator. You can reach him at 
<mailto:phochmut-cEZpJekPBX4 at public.gmane.org>.

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