SCO Group admits errors in its 2004 financials

Posted by dave on Mar 3, 2005 2:00 PM EDT
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SCO Group, whose stock is in danger of being de-listed from the Nasdaq Exchange, admitted Thursday that it has made a number of accounting mistakes during the past year -- so many that it announced that it will have to completely restate its numbers for the quarters ending Jan. 31, 2004, April 30, 2004 and July 31, 2004. SCO did say, however, that "the impact of the anticipated corrections does not impact the Company's previously reported net loss or its earnings per share for the fiscal year ended October 31, 2004."

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The SCO stock trading patterns make no sense. TxtEdMacs 1 1,869 Mar 8, 2005 1:48 PM

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