Sorry, SCO is going nowhere. This is just a bunch of pilpul from SCO designed to bid the price up just long enough so that the brass can cash out at a fools expense. And, the fund manager will of course be well rewarded for whoring himself out for the cause. This proves beyond a shadow of doubt that it 's not just Enron that's run by jerks.
>>> [EMAIL PROTECTED] 06/13/03 11:50AM >>> SCO would have been a good bet this AM. The stock is up $1.64 to $10.69 a share. The current wire on SCO is: 7:24AM SCO Group might be due for significant payout -- B-Week (SCOX) 9.05: SCO Group, which provides UNIX-based software and is the owner of the license to distribute the UNIX platform, might receive $1 bln from a previous lawsuit it filed in Mar against IBM. In addition, the stock has gone from $3.55 in mid-May to $8.65 on June 11th due to an earnings surprise of a profit totaling $4.5 mln or $0.33 per share vs. last year's loss of $0.47 per share. A fund manager says that even if SCO settles for just 10% of the $1 bln, "the impact on the bottom line of SCO, with a market cap of $115 mln, would be huge." Despite the outcome, the fund manager expects the co to earn $1.30 a share in FY04 and believes the co is on track to double in 12 months. Lionel Dyck wrote: > The stock symbol is SCOX (I thought it was SCO at first). The current > price quote is $10.80 per share - and I still think a lottery ticket is a > better investment. > > -------------------------------------------------------------------- > Lionel B. Dyck, Systems Software Lead > Kaiser Permanente Information Technology > 25 N. Via Monte Ave > Walnut Creek, Ca 94598 > > Phone: (925) 926-5332 (tie line 8/473-5332) > E-Mail: [EMAIL PROTECTED] > Sametime: (use Lotus Notes address) > AIM: lbdyck
