To all, SCO announcement (an excerpt):
"SANTA CRUZ, Calif., Jan. 15 /PRNewswire/ -- SCO (Nasdaq: SCOC - news) today announced preliminary results for the
first quarter ended December 31, 1997.
SCO expects revenues of between $47.5 and $50 million, and per share earnings for the first quarter to range from $0.02 to
$0.05, which is below current First Call consensus estimates of $0.11.
The Company expects to report first quarter results on January 27, 1998.
Revenues in the first quarter of Fiscal 1998 were affected by weak sales in Asia, a direct result of the continued economic
turmoil in that region. Further, although the Company experienced modest revenue from its initial sales of Tarantella(TM)
(Universal Application Broker product), it did not receive any significant benefit from the release of UnixWare(R) 7, as volume
shipments are expected to start in the second fiscal quarter. Expenses for the quarter were somewhat higher as part of the plan
to bring these new products to market.
John W. Luhtala, senior vice-president, operations, and chief financial officer of SCO, said: ''Sales for the first quarter will be
below our expectations, primarily due to weakness experienced in Asia as well as ongoing product transitions. While we are
disappointed with the lower revenue levels, it is important to note that SCO's performance in the first quarter is reflective of the
Company's highly leveraged operating model, whereby changes in revenue levels can result in a significant fluctuation in
earnings.'' "
Tiger |
