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By Peter Galli  |  Posted 2003-08-18 Email Print this article Print
 
 
 
 
 
 
 


The SCO Group based the theme of its SCO Forum 2003 event here on James Bond, with signs everywhere saying "Mission: Trained to sell." A tongue-in-cheek movie clip here Monday morning at the start of its SCO Forum 2003 event, purporting to show an average day in the life of McBride, consisted of actual footage of Pierce Brosnan from a James Bond movie.
In his keynote address, McBride explained that there are striking similarities between SCO over the past year and a Bond movie. "The past year had been much like a Bond movie, with attacks and counter attacks, but in the end Bond never dies," he said to applause.
In a report card update on the company over the past year since he joined, McBride said he had acheived his first mission, which was to increase company value. A year ago the stock was trading around $.66 and the company was capitalized at some $8 million. Days after McBride took the helm at SCO, the Nasdaq sent a delisting notice informing SCO that it needed to get its stock price above $1 again to avoid being delisted. This raised customer concerns about the financial security of the firm and its viability. SCO now has a market capitalization of more than $130 million, McBride said. A year ago the company was sitting on just two quarters of cash and was about "to go out," but a belt tightening effort and aggressive sales campaign had changed that. "We have tripled our cash position over the past four months. SCO is actually going into business, not out of it, and we have turned the company around. We are proud of that, and the future going forward is bright. We have no long-term debt, cash balances are improved and we have reduced costs," he said.
Last year the company also brought the SCO brand back and got the message out that SCO equaled Unix, McBride added. "Windows and Unix are the two big brands out there," he said. SCO is now looking at how it can create money for its partners and their businesses. The way it will achieve this is by giving customers great products. "Our friends at the Nasdaq told us that with the recent blackout in the North East[ern United States], SCOs servers had "popped right back up," he said. The company, which will roll out its product roadmap later today, is focusing on new business opportunities. SCO is going to reinvest in its operating system and move these forward, McBride said. SCO will also roll out more of the components of its SCOx Web services initiative this week. "Is SCO going out of business? No, were going back into business. We will also increase shareholder value over the next year," McBride concluded.


 
 
 
 
Peter Galli has been a financial/technology reporter for 12 years at leading publications in South Africa, the UK and the US. He has been Investment Editor of South Africa's Business Day Newspaper, the sister publication of the Financial Times of London.

He was also Group Financial Communications Manager for First National Bank, the second largest banking group in South Africa before moving on to become Executive News Editor of Business Report, the largest daily financial newspaper in South Africa, owned by the global Independent Newspapers group.

He was responsible for a national reporting team of 20 based in four bureaus. He also edited and contributed to its weekly technology page, and launched a financial and technology radio service supplying daily news bulletins to the national broadcaster, the South African Broadcasting Corporation, which were then distributed to some 50 radio stations across the country.

He was then transferred to San Francisco as Business Report's U.S. Correspondent to cover Silicon Valley, trade and finance between the US, Europe and emerging markets like South Africa. After serving that role for more than two years, he joined eWeek as a Senior Editor, covering software platforms in August 2000.

He has comprehensively covered Microsoft and its Windows and .Net platforms, as well as the many legal challenges it has faced. He has also focused on Sun Microsystems and its Solaris operating environment, Java and Unix offerings. He covers developments in the open source community, particularly around the Linux kernel and the effects it will have on the enterprise.

He has written extensively about new products for the Linux and Unix platforms, the development of open standards and critically looked at the potential Linux has to offer an alternative operating system and platform to Windows, .Net and Unix-based solutions like Solaris.

His interviews with senior industry executives include Microsoft CEO Steve Ballmer, Linus Torvalds, the original developer of the Linux operating system, Sun CEO Scot McNealy, and Bill Zeitler, a senior vice president at IBM.

For numerous examples of his writing you can search under his name at the eWEEK Website at www.eweek.com.

 
 
 
 
 
 
 

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