SCO Reports $6.5 Million Loss

The SCO Group Inc. on Tuesday reported a loss of $6.5 million, or 37 cents per share, in its latest quarter, which ended Oct. 31.

Darl McBride, SCO's president and CEO, blamed the revenue drop on the competitive market for its Unix server products and the company's declining Unix IP (intellectual property) license revenues. In last year's fourth quarter, its SCOsource revenues amounted to $10.3 million. In this most recent quarter, SCO's IP revenue came to only $120,000.

Nevertheless, McBride insisted that licensing revenues would bounce back. "There is continued interest in the licensing of our Unix technology, and we believe that when our legal claims are substantiated in a court of law, we will see an increase in the demand for this licensing business," he said.