SCO Group stock plummets

bmcculley at rcn.com bmcculley at rcn.com
Thu Jun 10 18:29:01 EDT 2004


http://www.computerworld.com/newsletter/0,4902,93756,00.html?nlid=PM

Computerworld reports SCO Group revenues were down 53% from
last year, due to a 99% drop in licencing revenues (from
$8.25M to $11,000!).  Stock price responded by dropping over
10% for the day.

SCO is trying to paint a bright picture by claiming that as
their court suit continues the prospects of greatly more
expensive licences will induce companies to sign with them now
rather than gambling on waiting.

I'm wondering if there's another gamble involved.  At today's
closing price the total market cap for SCOX is $70.49M. 
Anybody else see a great arbitrage opportunity?  Instead of
buying IP licences from SCOX let's get a few of their largest
targets to buy into an investment partnership and take control
of them...
(btw email me if you think that could be a serious project,
'cuz I do!)




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