The company reported yesterday a net loss of $3m, worse than a loss of $2.5m a year ago, on revenue that was down 22% at $11.4m, primarily as result of continued competitive pressures for operating systems, according to executives.
Chief executive Darl McBride said the quarter was not without its bumps in the road. The possibility of a Nasdaq delisting, which reared its head when the company missed its annual regulatory filing deadline, will likely disappear next week, he said.
SCO’s legal costs, which have been capped, were in line with expectations, McBride said. He accused IBM, the primary target of its litigation, of using delay tactics, but said the company is generating enough cash to see the suit to conclusion.
