The SCO Group Announces Third Quarter 2004 Results

SCO has released their third quarter results, and they aren't pretty. From Groklaw:
The Unix products business, they say, is now profitable. They are, however, downsizing and some offices are moving to smaller offices. They are closing the Spain and Italy offices. They expect “restructuring” costs in the 4th quarter. I gather there have been layoffs and they expect more. They currently have 230 employees. They have, they said, implemented a Shareholder Rights Plan that will help protect the company from any potential undervalued takeover attempt. Darl McBride specifically mentioned IBM, saying the plan is designed to block any company like IBM from taking them over for less than what they would view as fair value.
–jeremy