More red ink spatters SCO

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

For the third quarter of financial year
2000, SCO reported a net loss of $19m,
compared with a $4m profit for the
corresponding quarter last year. Revenues
were less than half what they had
been in Q31999.

SCO's CEO Doug Michels continued to blame
Y2K for a downturn in enterprise spending.
He told financial analysts that some major
deals had closed in the quarter, but not
enough to swing the results as a whole.

The Register

-- spider (spider0@usa.net), July 26, 2000


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