'Competition' squeezes SCO's third quarter
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Legal fees down The SCO Group saw its business ebb away during the third quarter, as both revenue and sales continued their steady migration southwards.â¦
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Third-quarter figures showing Cisco Systems continues to lose ground may be due to rough product transition.
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.
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The company has posted impressive growth, but the industry is struggling.
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An anonymous reader writes &quot;SCO has filed for another delay in the case against IBM. The article reports that &#39;According to filings in the case, SCO is looking to buy time until the court can hear its arguments compelling IBM to release more information.
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MCI Inc. reported a $3.4 billion third-quarter loss on Thursday, due mainly to a write-off of the value of its assets, as the company's efforts to recover from its bankruptcy were hampered by stiff competition in the long-distance telephone service market.
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InfoWorld - Following its bankruptcy filing, The SCO Group may be booted off of the Nasdaq stock exchange as early as next week, the Unix vendor said Wednesday.
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Britain's industrial sector appears to have been a bigger drag on overall economic growth in the third quarter than was first assumed.
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Shares in SCO Group Inc. SCOX.O  rallied as much as 34 percent on Thursday after the small  software company won a legal victory in its multibillion dollar  lawsuit against IBM over computer software code used in Linux.
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A predicted slowdown in future market growth has taken the shine off Ericsson AB&#39;s (Nasdaq: ERICY - message board) impressive third quarter results today, sending its share price spiraling down (see Ericsson Ups Q3 Profit).
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Consumer goods company is facing its challenges and looking for a turnaround.
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The deal creates the third-largest company in the wireless telephone industry, but its competition is much larger.
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The SCO Group has been removed from the Nasdaq Stock Market because&#160;the company declared bankruptcy in September.The stock market delisted SCO and suspended trading of its shares (SCOX) at the beginning of trading on Thursday, SCO said in a filing to the U.S. Securities and Exchange Commission. Nasdaq had told the company in September that it would be delisted, and SCO&#39;s subsequent appeal of that determination was turned down.SCO has been waging an expensive legal battle against IBM for years, claiming the company inappropriately used copyrighted SCO Unix code as part of its support of the Linux operating system. SCO suffered a major loss in that case in August when&#160;a federal judge ruled that Novell, not SCO, owned the Unix copyright. In September, the Lindon, Utah, company said the ruling might cost it US$30 million and that it had just $10.4 million in cash.In October,&#160;SCO said it had a &quot;potential&quot; buyout offer for $36 million from JGD Management, a company affiliated with investment firm York Capital Management. That deal would have to be approved by the bankruptcy court.
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SCO Group's faltering attack on Linux faces another threat as Big Blue files motion seeking dismissal of contract claims.
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SCS Transportation Inc. on Monday lowered its third-quarter outlook on lower-than-expected revenue and higher operating costs, causing the stock to plummet on more than 10 times its average trading volume.
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SCO group is going down. Microsoft, Sun, and the greedy investors that abetted SCO in its campaign to loot Unix and Linux vendors and their customers have abandoned ship. Microsoftâs public endorsement of SCOâs legal action against, effectively, Microsoftâs enterprise competitors and their customers, gave SCO the leverage to mug said vendorsâ customers for license fees when vendors refused to drop their wallets in court. Sun and Microsoft animated SCO as the prototypical litigious IP boogeyman in order to terrorize competitorsâ customers into switching to Windows or Solaris to avoid being hauled to court. Thatâs how I laid it out in 2003, and I stand by it now.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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InfoWorld - With its cash reserves running out and its legal case against IBM unravelling, The SCO Group now says there is doubt that it will remain afloat.