SCO Still Facing Delisting
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SCO Group is still facing a delisting from Nasdaq, even though it has delivered returns for 3 quarters in 2004 and its form 10-K to the SEC. The relevant quarters are those ending January 31st, April 30th, and July 31st 2004. Finally it also handed in the form 10-K for the fiscal year ended October 31st. Nasdaq had been threatening to delist the company because of the documents non-appearance. The exchange has yet to make a decision though. SCO still needs to deliver the form 10-Q to January 31st 2005. SCO say in the light of that report, Nasdaq will make its decision. SCO has not been having a good time recently. The court case with IBM over alleged infringement of intellectual property rights has stalled. Last week it had to restate its accounts. However they are keen to point out that it did not affect the net loss, revenue or cash position for the year ending October 31st 2004.
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