Earnings Embolden Litigious SCO
Updated from 7:52 a.m. EDT
SCO Group(SCOX Quote) , the feisty gatekeeper to much Unix technology, earned $3.1 million in its third quarter and said it laid in enough cash flow to continue suing everyone over its intellectual property.
Lindon, Utah-based SCO earned $3.1 million, or 19 cents a share, on revenue of $20.1 million, compared with a loss of $4.5 million, or 35 cents a share, on revenue of $15.4 million a year ago. Third-quarter revenue from its operating system platforms was $12.8 million, while revenue from its SCOsource licensing initiative was $7.3 million. The initiative involves generating license revenue from the intellectual property that SCO claims in a controversial suit against IBM(IBM Quote) has been misappropriated in Linux open-source software.
"These results have strengthened our balance sheet and overall financial position," SCO said. "We intend to use this capital to continue our intellectual property protection and licensing initiative as well as for launching SCOx, our Web services strategy." ...
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