Feeds

You'll have SCO to kick around for another year

Survival code

Top three mobile application threats

The SCO Group has promised to stick around for at least another year.

The Unix software maker this week dished out a year-end filing to the US Securities and Exchange Commission detailing its financial state. Things continue to look grim for SCO as it burns through cash and suffers from dwindling software sales. Still, SCO thinks it can maintain a fine financial line, despite claims from rival Novell that bankruptcy is near.

"We believe that based on the combination of our existing cash and cash equivalents and available-for-sale securities as of Oct. 31, 2006, we will have sufficient cash resources to fund our operations for at least the next 12 months," SCO said in the filing.

SCO detractors should quell their fevered anticipation. That's the exact same language SCO has used in past year-end, 10-K filings.

Some SCO watchers had hoped the company would be more direct in answering Novell's bankruptcy charges. Novell claims that SCO owes it $26m from a Unix purchase agreement - $26m that SCO does not have on hand to pay.

Earlier this month, SCO promised to share detailed information about "all aspects" of its business and then promptly failed to do so. And this week's 10-K filing brings us no closer to elucidation.

As of the end of its fiscal year, SCO employed 142 full-time staff with 40 workers in product development, 48 in sales and marketing, 17 in services, 7seven in customer delivery and manufacturing, three in its SCOsource licensing program and 27 in administration.

The company could sure use another worker in its IT department because SCO's website has gone bonkers once again.

In December, we detailed SCO's ongoing battle to gets its Clustering software site up and running. Thanks to our advice, SCO fixed the problem, although apparently for just a few days. Checks today show SCO's clustering site down again.

SCO has shifted its web presence in-house after relying on an ISP, which may be the cause of the problems, according to the company's spokesman. SCO is again looking into the clustering matter.

While trivial on the surface, broken website links do seem a real cause for concern at SCO. Much of its ability to remain a going concern hinges on improving Unix software sales – or SCO says in its filings. It's tough to drive interest in a product when customers can't get any information about it.

SCO closed its last fiscal year with $7.6m in cash and another $5m of restricted cash for its litigation. ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.