Optimism with Legend

By Steven Vaughan-Nichols  |  Posted 2005-04-13 Print this article Print

In particular, as McBride told eWEEK.com several weeks ago, with the OpenServer 6 product code-named Legend, "we are arresting the downward slide in product sales and revenue a bit; after all, we have been in a five-year revenue slide. "But there is optimism from the current installed base towards the new product," McBride said.

SCO will be releasing Legend in June.
SCO resellers that eWEEK.com spoke to agreed that they are seeing customer interest from SCO OpenServer and UnixWare customers. McBride commented that OpenServer 6 was SCOs most important launch in years.

During SCOs Tuesday teleconference, McBride again emphasized that while SCO was not backing off its court cases, it had great hopes that SCOs Unix business would revive as Legend enters the market.

Despite its recent losses, SCO claims to still have cash and cash equivalents, and available-for-sale securities were $15.5 million at Jan. 31. The company also has $4.798 million in an escrow account. These funds have been set aside for its attorneys.

"Our net cash position after backing out the costs of litigation that have been paid and budgeted for under our agreement with our legal counsel remains steady," said Young.

"Combined with the fact the Unix business is generating cash, we believe we are in a position to continue operating our core business and see the litigation through to its conclusion," Young said.

The panel is expected to announce whether SCO will be permitted to continue to be traded on the Nasdaq in the next few days. Until then, SCO will continue to trade under the symbol SCOXE.

Young said that as SCO has now met all of Nasdaqs requirements, he hopes that the "E" will be removed from SCOs trading symbol within a few days.

Click here to read more about SCO filing its amended paperwork. McBride also accused popular legal news site Groklaw of being a front for anti-SCO parties and that its editor, Pamela Jones, isnt who she says she is.

McBride said, "if you look at the reality of the Pamela Jones situation, you have to conclude that all is not as appeared as it is in Groklaw land. We appreciate that many media sources disagree with us, but theyre accountable. We think you need to know whos behind the news."

SCOs CEO would not go so far as to say Jones was working for IBM, but "were digging into who Pam Jones is, and were close to the bottom."

When Jones was asked about this, she replied, "As far as credibility, SCO might try to get as much as I have earned. America was founded by anonymous pamphleteers. Its an honored American tradition." Jokingly she added, "The truth is, Im an alien from a galaxy far, far away." SCOs most surprising news, though, wasnt connected with its income, lawsuits, enemies or the market. It was that SCO, according to McBride, has reviewed Suns plans to open-source Solaris, which is based on SCOs Unix, and he found no problem with what Sun is planning to do and that it will not hurt SCOs Unix intellectual property rights.

Check out eWEEK.coms for the latest open-source news, reviews and analysis.

Steven J. Vaughan-Nichols is editor at large for Ziff Davis Enterprise. Prior to becoming a technology journalist, Vaughan-Nichols worked at NASA and the Department of Defense on numerous major technological projects. Since then, he's focused on covering the technology and business issues that make a real difference to the people in the industry.

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