| SCO reports wider quarterly loss; sues AutoZone |
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| Publication: | Reuters | Date: | Mar 03 2004 |
Webmaster's note: We've already posted news about AutoZone but just wanted to also post this rather coincidental news that SCO seems to be losing money
Software company SCO Group Inc., which is suing IBM and trying to extract royalties from other Linux users, reported on Wednesday a wider quarterly loss as revenue fell and costs increased.
The Lindon, Utah-based, company, which claims that Linux, the operating system that can be copied and modified freely, is based on the Unix software it owns, said its fiscal first-quarter net loss, after paying preferred dividends, was $2.25 million, or 16 cents per share, compared with a loss of $724,000, or 6 cents per share, a year earlier.
Revenue for the quarter, ended Jan. 31, fell to $11.4 million from $13.5 million.
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