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SCO Makes Q3 Loss, McBride Vows to Continue Fighting IBM and Others

SCO Makes Q3 Loss, McBride Vows to Continue Fighting IBM and Others

Related Links:
  • Monty Python Meets Darl McBride
  • "I Wasn't Brought In to Have Warm Fuzzies with Slashdot," Says McBride 
  • Linux's Moment of Truth: First End User Lawsuit Filed by SCO 
  • Darl McBride's 5 Reasons Why SCO Can *STILL* Win vs IBM
  • SCO's McBride Backs Down On "GPL is Unconstitutional" Claim
  • Linus' Top Ten SCO Barbs

    "We remain steadfastly committed to enforcing our intellectual property rights on behalf of our customers, employees and shareholders," SCO CEO Darl McBride told reporters yesterday. "Through the combination of the quarter's positive developments and our current cash position, we are well-positioned to pursue our current litigation through its conclusion."

    He was speaking to journalists after announcing a huge income drop in its Q3 results - compared to the same quarter last year.

    Great interest was shown in McBride's revelation that SCO has traded straight fees with Boies, Schiller & Flexner for a greater share of the spoils if it should happen to succeed in its various legal suits - vs IBM, Novell, and Red Hat.

    BSF will now receive a maximum of $31m in fees, plus up to 30% of any damages awarded to SCO. 

    McBride was bloodied but unbowed. "Several positive developments fell into place for us this quarter that strengthened the Company's overall position," he claimed. 

    "We successfully delivered on our strategy to restore profitability within our UNIX business which is generating positive cash flow," he explained. Then he continued:

    "At the same time, we saw a nice uplift from SCOsource licensing revenue. In addition, we closed the BayStar transaction and as announced today, we implemented a Shareholder Rights Plan that will help protect the Company from any potential undervalued takeover attempt. Finally, we are pleased to have entered into a letter of intent with Boies, Schiller & Flexner that not only demonstrates their belief in SCO's legal case but will also provide SCO with greater financial flexibility. We remain steadfastly committed to enforcing our intellectual property rights on behalf of our customers, employees and shareholders. Through the combination of the quarter's positive developments and our current cash position, we are well-positioned to pursue our current litigation through its conclusion."
    So, SCO's CEO is putting a brave face on things. But as one informed observer archly remarked: "30% of nothing may not make BSF very happy."

    SCOX shares dropped 13 cents, or 3%, to close yesterday at $3.80, compared to a high point of over $22 in 2003.

    Related Links:

  • Monty Python Meets Darl McBride
  • "I Wasn't Brought In to Have Warm Fuzzies with Slashdot," Says McBride 
  • Linux's Moment of Truth: First End User Lawsuit Filed by SCO 
  • Darl McBride's 5 Reasons Why SCO Can *STILL* Win vs IBM
  • SCO's McBride Backs Down On "GPL is Unconstitutional" Claim
  • Linus' Top Ten SCO Barbs
  • More Stories By Linux News Desk

    SYS-CON's Linux News Desk gathers stories, analysis, and information from around the Linux world and synthesizes them into an easy to digest format for IT/IS managers and other business decision-makers.

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