It doesn't look like 2005 is going to be a good year for SCO. The Salt Lake Tribune's Bob Mims reports that SCO may be delisted from the Nasdaq for missing filing deadlines.
Under federal law, the Lindon-based software company - best known for its $5 billion, Linux-related lawsuit against IBM - was to have filed its annual report to the Securities and Exchange Commission within 90 days of the Oct. 31, 2004, end of its fiscal year. Instead, SCO sought an extension on Jan. 31.
Apparently, SCO's auditors are having a tough time getting it together. SCO spokesperson Blake Stowell says that "management and the company's independent auditors continue to examine certain matters related to the issuance of shares of the company's common stock pursuant to its equity compensation plans." One has to wonder what shape the books are in if the company can't pull together a report after 90 days, plus an extension. Probably the same shape as the SCO v. IBM lawsuit.