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The news is out: SCO is losing money. Fast. Considering that SCO has no revenue and lots of expenses, the news is not surprising. Raising revenue and cutting expenses might help, but neither will be easy. The company reported a significant net loss in the third quarter, which it blamed mostly on a loss of income from SCOsource licensing and litigation costs that were higher than it expected. Sales were down by 44 percent, from US$20.1 million to $11.2 million.
Re: SCO's Woes: Too Late To Turn Back
Posted by: warmcat 2004-09-14 08:11:29 In reply to: Phil Albert
Thanks for this interesting and informative article.
I was surprised to see that the Irish offices were apparently being closed down (although the two others I heard about on the conference call). I rang the UK office of SCO and asked about this... they claimed that the Irish offices, dealing with support, are still open (in fact the lady said she spoke to them today) and did not know about any plans to close them. Where did you hear about the Irish offices closing? It seems to be either ahead of reality, which is interesting, or wrong.
I was surprised to see that the Irish offices were apparently being closed down (although the two others I heard about on the conference call). I rang the UK office of SCO and asked about this... they claimed that the Irish offices, dealing with support, are still open (in fact the lady said she spoke to them today) and did not know about any plans to close them. Where did you hear about the Irish offices closing? It seems to be either ahead of reality, which is interesting, or wrong.
