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25.10.00 16:50
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Gute Quartalergebnise werden doch belohnt!
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25.10.00 16:53
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SCOC Ergebnisse
SCO Reports Fiscal Fourth Quarter and Year End Results
TUESDAY, OCTOBER 24, 2000 5:37 PM
- PRNewswire
SANTA CRUZ, Calif., Oct 24, 2000 /PRNewswire via COMTEX/ -- The Santa Cruz Operation, Inc. (Nasdaq: SCOC), today announced fiscal fourth quarter and year end financial results for the period ending September 30, 2000.
For the fourth fiscal quarter, revenues increased 22% to $32,797,000, compared with $26,931,000 for the third fiscal quarter of 2000. Excluding one-time charges for restructuring and the reduction of deferred tax assets, the net loss for the fourth fiscal quarter was $10,162,000, or $0.28 per fully diluted share, compared with a net loss of $19,240,000, or $0.54 per fully diluted share reported for the third fiscal quarter. The net loss for the fourth quarter, including non-recurring charges, was $20,779,000, or $0.56 per fully diluted share.
For the fiscal year, the company reported revenues of $148,923,000. Excluding one-time charges, the net loss for the year is $40,449,000, or $1.13 per fully diluted share. For the fiscal year ended September 30, 1999, SCO reported revenues of $223,624,000, and net income of $16,858,000, or $0.46 per fully diluted share. The net loss for the fiscal year, including non-recurring charges, was $56,953,000, or $1.59 per fully diluted share.
The one-time restructuring charge of $4,796,000 for the fourth quarter is related to the recently announced reduction in the SCO worldwide workforce, in anticipation of the upcoming sale of the Server Software and Professional Services divisions to Caldera Systems, Inc. In addition, a $5,821,000 charge for a one-time reduction in deferred tax assets was taken. This was based on management's assessment of SCO's historical business performance, using the guidance in Financial Accounting Standards Board (FASB) Statement number 109 "Accounting for Income Taxes," which is used to determine the appropriate treatment of net deferred tax assets.
Fourth fiscal quarter revenues for the Tarantella Division increased 71% to $4,316,000 from the $2,528,000 reported in fiscal Q3. The net loss for the division was $5,960,000, down from the net loss of $8,537,000 reported in the third fiscal quarter.
Tarantella's customer base continued to grow with significant customer wins during the quarter including BankOne and three other large banks, Northwest Airlines, Pepsico Snacks, two major European telecom providers, and several others. The division also recently announced the latest version of its flagship product, Tarantella Enterprise 3 web-enabling software, which features enhanced scalability and an extended range of supported application types, servers, and clients.
During the quarter, the division launched its ASP Connect program, which brings OEMs, ISVs, ASPs and resellers together to create and deliver solutions through the ASP model. Mike Orr, president of the Tarantella Division commented, "The ASP market represents a tremendous opportunity for Tarantella. It is an efficient channel for reaching new customers and we have already seen a very successful response to the program with more than 50 members, since its launch in June."
Fourth quarter revenues for the Server Software Division increased 14% to $28,304,000, compared to $24,757,000 reported in the third fiscal quarter. The division's net loss for the quarter was $2,521,000, compared to a net loss of $8,511,000 reported last quarter. "I'm pleased to see sequential growth in sales for our UnixWare7 and UnixWare7 NonStop Clusters products and stabilization of the channel," said David McCrabb, president of the Server Software division.
The Professional Services Division's fourth fiscal quarter revenues increased 40% to $1,181,000, from the $842,000 reported last quarter. The division's net loss for the quarter was $833,000, compared to a net loss of $1,550,000 in the third fiscal quarter. This quarter the division began to see a conversion in the pipeline to high-quality, longer term and larger transactions.
Doug Michels, President and CEO of SCO said, "We are very encouraged by the sequential growth in revenues we are reporting today, specifically in our Tarantella division. This growth was fueled by increasing demand of scalable web-based applications and the accelerating adoption of the Tarantella solution."
Update on Pending Sale of Divisions
The company also reported that it expects its pending sale of the Server Software and Professional Services divisions to Caldera Systems to close during its second quarter of fiscal 2001. Michels commented, "We are disappointed that, due to certain regulatory processes beyond our control, the completion of the transaction with Caldera has taken longer than we originally expected. However, both companies remain very optimistic about the successful completion of the deal and are working closely with regulatory officials to ensure an expeditious close."
Michels added, "We are fully committed to completing this transaction so we can focus our efforts on growing the worldwide market for Tarantella software. We also acted as a distributor for Caldera Systems and signed our first Linux product sale to one of our key OEMs this quarter, evidencing the start of future synergy between the UNIX system and Linux product lines."
Conclusion
"The business is poised for the future," Michels continued. "We had significant growth in Tarantella this quarter, the Server business is stabilizing, and the Professional Services business continues to strengthen. Going forward, we plan to invest further in Tarantella, leveraging our technology to take advantage of the largely untapped market for web-enabled applications."
Conference Call
SCO will hold a conference call to discuss fourth quarter and fiscal 2000 year-end financial results, as well as provide an update on the company, at 1:45 p.m. PDT today.
The conference call may be accessed in listen-only mode by dialing 913-981-5543 and will also be broadcast live over the Internet, and can be accessed by all interested parties through the SCO website at http://investor.sco.com . Please access the website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.
A replay of the call will be available via the web at http://investor.sco.com, beginning at approximately 4:00 p.m. on October 24 until October 31.
For SCO Investors
This release contains forward-looking statements, including statements relating to SCO's expectations for market share growth, demand for its products, technologies and services, generating momentum in its customer base, stability of the sales channel, and the pending sale of SCO's Server Software and Professional Services divisions to Caldera Systems, Inc., which are based on current expectations that involve risks and uncertainties. SCO's actual results may differ materially from the results discussed in these forward-looking statements. Factors that may contribute to such a difference include, but are not limited to, uncertainty in domestic and international markets, changes in customer implementation plans, the ability to reduce expenses, risks of dependence upon third-party suppliers, impact and success of industry partnerships, conclusion or success of strategic opportunities, timely availability of products, market acceptance of new products, including internet-related products, the impact of competitive products, general market conditions including SCO's ability to compete in the highly competitive and rapidly changing marketplace, and other risks detailed from time to time in SCO's SEC filings, including forms 10-Q and 10-K. SCO disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About The Santa Cruz Operation, Inc.
With headquarters in Santa Cruz, CA, The Santa Cruz Operation, Inc. is comprised of three independent divisions -- Tarantella, Inc., the Server Software Division, and the Professional Services Division. The Server Software Division is a leading provider of UNIX server operating systems. Tarantella, Inc. promotes a range of software technologies and products that web-enable any application instantly, for access by users anywhere. The Professional Services Division helps organizations create and deploy personalized IT strategies. The three divisions sell and support their products and services through a worldwide network of distributors, resellers, systems integrators, and OEMs. For more information, visit SCO's home page at www.sco.com.
NOTE: The Santa Cruz Operation, SCO, Tarantella, Enterprise 3, the Tarantella logo, and UnixWare, are trademarks or registered trademarks of The Santa Cruz Operation, Inc. in the USA and other countries. NonStop is a registered trademark of Compaq Computer Corporation. UNIX is a registered trademark of The Open Group in the US and other countries. Linux is a registered trademark of Linus Torvalds in the US and other countries. All other brand or product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED BALANCE SHEETS September 30, September 30,
(In thousands) 2000 1999
Assets
Current assets:
Cash and cash equivalents $20,879 $33,683
Short-term investments 5,567 29,161
Receivables, net 24,269 32,309
Available-for-sale equity securities 7,119 --
Deferred tax assets -- 1,202
Other current assets 4,358 6,310
Total current assets 62,192 102,665
Property and equipment, net 9,012 12,234
Purchased software and
technology licenses, net 5,830 10,431
Long-term deferred tax assets -- 6,623
Other assets 5,168 7,331
Total assets $82,202 $139,284
Liabilities and
Shareholders' Equity
Current liabilities:
Trade accounts payable $5,521 $7,482
Royalties payable 4,530 7,217
Income taxes payable 1,964 1,983
Deferred income taxes -- --
Accrued expenses and other
current liabilities 26,189 32,314
Deferred revenues 7,334 8,856
Total current liabilities 45,538 57,852
Long-term lease obligations 545 2,332
Long-term deferred revenues 1,397 2,571
Other long-term liabilities 3,520 6,191
Total long-term liabilities 5,462 11,094
Shareholders' Equity
Common stock, no par value,
net, authorized 100,000 shares
Issued and outstanding 39,436
and 34,346 shares 118,940 106,201
Accumulated other comprehensive
income 5,486 408
Accumulated deficit (93,224) (36,271)
Total shareholders' equity 31,202 70,338
Total liabilities and
shareholders' equity $82,202 $139,284
See accompanying notes to consolidated financial statements.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED BALANCE SHEETS September 30, June 30, 2000
(In thousands) 2000 (Unaudited)
Assets
Current assets:
Cash and cash equivalents $20,879 $12,078
Short-term investments 5,567 19,267
Receivables, net 24,269 19,205
Available-for-sale equity securities 7,119 10,504
Deferred tax assets 0 3
Other current assets 4,358 5,042
Total current assets 62,192 66,099
Property and equipment, net 9,012 10,160
Purchased software and technology licenses, net 5,830 7,195
Long-term deferred tax assets 0 6,623
Other assets 5,168 7,349
Total assets $82,202 $97,426
Liabilities and Shareholders' Equity
Current liabilities:
Trade accounts payable $5,521 $5,057
Royalties payable 4,530 4,194
Income taxes payable 1,964 3,638
Deferred income taxes 0 2,388
Accrued expenses and other current
liabilities 26,189 28,177
Deferred revenues 7,334 8,346
Total current liabilities 45,538 51,800
Long-term lease obligations 545 840
Long-term deferred revenues 1,397 1,465
Other long-term liabilities 3,520 4,755
Total long-term liabilities 5,462 7,060
Shareholders' Equity
Common stock, no par value, net,
authorized 100,000 shares
Issued and outstanding 39,436
and 35,948 shares 118,940 105,491
Accumulated other comprehensive income 5,486 5,520
Accumulated deficit (93,224) (72,445)
Total shareholders' equity 31,202 38,566
Total liabilities and
shareholders' equity $82,202 $97,426
See accompanying notes to consolidated financial statements.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except earnings per share)
Three Months Ended Year Ended
September 30, September 30,
2000 1999 2000 1999
(Unaudited)
Net revenues
Licenses $28,767 $54,203 $133,510 $208,466
Services 4,030 3,917 15,413 15,158
Total net revenues 32,797 58,120 148,923 223,624
Cost of revenues
Licenses 5,707 7,101 22,366 30,450
Services 4,320 5,179 19,430 19,328
Total cost of
revenues 10,027 12,280 41,796 49,778
Gross margin 22,770 45,840 107,127 173,846
Operating expenses:
Research and
development 7,931 10,746 39,673 42,376
Sales and marketing 19,322 26,543 89,313 98,525
General and
administrative 4,835 3,615 18,691 16,572
Restructuring charges 4,796 -- 10,683 --
Total operating
expenses 36,884 40,904 158,360 157,473
Operating income (14,114) 4,936 (51,233) 16,373
Other income (expense):
Interest income, net 79 410 1,679 1,942
Other expense, net (758) 905 819 1,939
Income before
income taxes (14,793) 6,251 (48,735) 20,254
Income taxes 5,986 876 8,218 3,396
Net income (loss) (20,779) 5,375 (56,953) 16,858
Other comprehensive
income (loss), net of tax
Unrealized loss
on available-for-sale
equity securities 201 -- 5,617 --
Foreign currency
translation adjustment (235) (26) (539) (905)
Comprehensive
income (loss) $(20,813) $5,349 $(51,875) $15,953
Earnings (loss)
per share:
Basic $(0.56) $0.16 $(1.59) $0.49
Diluted $(0.56) $0.14 $(1.59) $0.46
Shares used in
earnings (loss)
per share calculation:
Basic 36,789 33,880 35,720 34,232
Diluted 36,789 38,319 35,720 36,402
See accompanying notes to consolidated financial statements.
SOURCE Santa Cruz Operation, Inc.
CONTACT: Lynn Schroeder, Investor Relations, 831-427-7399, or
lynnsc@sco.com, or Randy Bresee, CFO, 831-427-7661, or randy@sco.com, or
Jan Tarzia, Public Relations, all of Santa Cruz Operation, Inc.; or
Mary Magnani of The Carson Group, 415-617-2542, or mmagnani@carsongroup.com,
for Santa Cruz Operation, Inc.,
URL: http://www.sco.com
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
Grüsse Auhof
TUESDAY, OCTOBER 24, 2000 5:37 PM
- PRNewswire
SANTA CRUZ, Calif., Oct 24, 2000 /PRNewswire via COMTEX/ -- The Santa Cruz Operation, Inc. (Nasdaq: SCOC), today announced fiscal fourth quarter and year end financial results for the period ending September 30, 2000.
For the fourth fiscal quarter, revenues increased 22% to $32,797,000, compared with $26,931,000 for the third fiscal quarter of 2000. Excluding one-time charges for restructuring and the reduction of deferred tax assets, the net loss for the fourth fiscal quarter was $10,162,000, or $0.28 per fully diluted share, compared with a net loss of $19,240,000, or $0.54 per fully diluted share reported for the third fiscal quarter. The net loss for the fourth quarter, including non-recurring charges, was $20,779,000, or $0.56 per fully diluted share.
For the fiscal year, the company reported revenues of $148,923,000. Excluding one-time charges, the net loss for the year is $40,449,000, or $1.13 per fully diluted share. For the fiscal year ended September 30, 1999, SCO reported revenues of $223,624,000, and net income of $16,858,000, or $0.46 per fully diluted share. The net loss for the fiscal year, including non-recurring charges, was $56,953,000, or $1.59 per fully diluted share.
The one-time restructuring charge of $4,796,000 for the fourth quarter is related to the recently announced reduction in the SCO worldwide workforce, in anticipation of the upcoming sale of the Server Software and Professional Services divisions to Caldera Systems, Inc. In addition, a $5,821,000 charge for a one-time reduction in deferred tax assets was taken. This was based on management's assessment of SCO's historical business performance, using the guidance in Financial Accounting Standards Board (FASB) Statement number 109 "Accounting for Income Taxes," which is used to determine the appropriate treatment of net deferred tax assets.
Fourth fiscal quarter revenues for the Tarantella Division increased 71% to $4,316,000 from the $2,528,000 reported in fiscal Q3. The net loss for the division was $5,960,000, down from the net loss of $8,537,000 reported in the third fiscal quarter.
Tarantella's customer base continued to grow with significant customer wins during the quarter including BankOne and three other large banks, Northwest Airlines, Pepsico Snacks, two major European telecom providers, and several others. The division also recently announced the latest version of its flagship product, Tarantella Enterprise 3 web-enabling software, which features enhanced scalability and an extended range of supported application types, servers, and clients.
During the quarter, the division launched its ASP Connect program, which brings OEMs, ISVs, ASPs and resellers together to create and deliver solutions through the ASP model. Mike Orr, president of the Tarantella Division commented, "The ASP market represents a tremendous opportunity for Tarantella. It is an efficient channel for reaching new customers and we have already seen a very successful response to the program with more than 50 members, since its launch in June."
Fourth quarter revenues for the Server Software Division increased 14% to $28,304,000, compared to $24,757,000 reported in the third fiscal quarter. The division's net loss for the quarter was $2,521,000, compared to a net loss of $8,511,000 reported last quarter. "I'm pleased to see sequential growth in sales for our UnixWare7 and UnixWare7 NonStop Clusters products and stabilization of the channel," said David McCrabb, president of the Server Software division.
The Professional Services Division's fourth fiscal quarter revenues increased 40% to $1,181,000, from the $842,000 reported last quarter. The division's net loss for the quarter was $833,000, compared to a net loss of $1,550,000 in the third fiscal quarter. This quarter the division began to see a conversion in the pipeline to high-quality, longer term and larger transactions.
Doug Michels, President and CEO of SCO said, "We are very encouraged by the sequential growth in revenues we are reporting today, specifically in our Tarantella division. This growth was fueled by increasing demand of scalable web-based applications and the accelerating adoption of the Tarantella solution."
Update on Pending Sale of Divisions
The company also reported that it expects its pending sale of the Server Software and Professional Services divisions to Caldera Systems to close during its second quarter of fiscal 2001. Michels commented, "We are disappointed that, due to certain regulatory processes beyond our control, the completion of the transaction with Caldera has taken longer than we originally expected. However, both companies remain very optimistic about the successful completion of the deal and are working closely with regulatory officials to ensure an expeditious close."
Michels added, "We are fully committed to completing this transaction so we can focus our efforts on growing the worldwide market for Tarantella software. We also acted as a distributor for Caldera Systems and signed our first Linux product sale to one of our key OEMs this quarter, evidencing the start of future synergy between the UNIX system and Linux product lines."
Conclusion
"The business is poised for the future," Michels continued. "We had significant growth in Tarantella this quarter, the Server business is stabilizing, and the Professional Services business continues to strengthen. Going forward, we plan to invest further in Tarantella, leveraging our technology to take advantage of the largely untapped market for web-enabled applications."
Conference Call
SCO will hold a conference call to discuss fourth quarter and fiscal 2000 year-end financial results, as well as provide an update on the company, at 1:45 p.m. PDT today.
The conference call may be accessed in listen-only mode by dialing 913-981-5543 and will also be broadcast live over the Internet, and can be accessed by all interested parties through the SCO website at http://investor.sco.com . Please access the website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software.
A replay of the call will be available via the web at http://investor.sco.com, beginning at approximately 4:00 p.m. on October 24 until October 31.
For SCO Investors
This release contains forward-looking statements, including statements relating to SCO's expectations for market share growth, demand for its products, technologies and services, generating momentum in its customer base, stability of the sales channel, and the pending sale of SCO's Server Software and Professional Services divisions to Caldera Systems, Inc., which are based on current expectations that involve risks and uncertainties. SCO's actual results may differ materially from the results discussed in these forward-looking statements. Factors that may contribute to such a difference include, but are not limited to, uncertainty in domestic and international markets, changes in customer implementation plans, the ability to reduce expenses, risks of dependence upon third-party suppliers, impact and success of industry partnerships, conclusion or success of strategic opportunities, timely availability of products, market acceptance of new products, including internet-related products, the impact of competitive products, general market conditions including SCO's ability to compete in the highly competitive and rapidly changing marketplace, and other risks detailed from time to time in SCO's SEC filings, including forms 10-Q and 10-K. SCO disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About The Santa Cruz Operation, Inc.
With headquarters in Santa Cruz, CA, The Santa Cruz Operation, Inc. is comprised of three independent divisions -- Tarantella, Inc., the Server Software Division, and the Professional Services Division. The Server Software Division is a leading provider of UNIX server operating systems. Tarantella, Inc. promotes a range of software technologies and products that web-enable any application instantly, for access by users anywhere. The Professional Services Division helps organizations create and deploy personalized IT strategies. The three divisions sell and support their products and services through a worldwide network of distributors, resellers, systems integrators, and OEMs. For more information, visit SCO's home page at www.sco.com.
NOTE: The Santa Cruz Operation, SCO, Tarantella, Enterprise 3, the Tarantella logo, and UnixWare, are trademarks or registered trademarks of The Santa Cruz Operation, Inc. in the USA and other countries. NonStop is a registered trademark of Compaq Computer Corporation. UNIX is a registered trademark of The Open Group in the US and other countries. Linux is a registered trademark of Linus Torvalds in the US and other countries. All other brand or product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED BALANCE SHEETS September 30, September 30,
(In thousands) 2000 1999
Assets
Current assets:
Cash and cash equivalents $20,879 $33,683
Short-term investments 5,567 29,161
Receivables, net 24,269 32,309
Available-for-sale equity securities 7,119 --
Deferred tax assets -- 1,202
Other current assets 4,358 6,310
Total current assets 62,192 102,665
Property and equipment, net 9,012 12,234
Purchased software and
technology licenses, net 5,830 10,431
Long-term deferred tax assets -- 6,623
Other assets 5,168 7,331
Total assets $82,202 $139,284
Liabilities and
Shareholders' Equity
Current liabilities:
Trade accounts payable $5,521 $7,482
Royalties payable 4,530 7,217
Income taxes payable 1,964 1,983
Deferred income taxes -- --
Accrued expenses and other
current liabilities 26,189 32,314
Deferred revenues 7,334 8,856
Total current liabilities 45,538 57,852
Long-term lease obligations 545 2,332
Long-term deferred revenues 1,397 2,571
Other long-term liabilities 3,520 6,191
Total long-term liabilities 5,462 11,094
Shareholders' Equity
Common stock, no par value,
net, authorized 100,000 shares
Issued and outstanding 39,436
and 34,346 shares 118,940 106,201
Accumulated other comprehensive
income 5,486 408
Accumulated deficit (93,224) (36,271)
Total shareholders' equity 31,202 70,338
Total liabilities and
shareholders' equity $82,202 $139,284
See accompanying notes to consolidated financial statements.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED BALANCE SHEETS September 30, June 30, 2000
(In thousands) 2000 (Unaudited)
Assets
Current assets:
Cash and cash equivalents $20,879 $12,078
Short-term investments 5,567 19,267
Receivables, net 24,269 19,205
Available-for-sale equity securities 7,119 10,504
Deferred tax assets 0 3
Other current assets 4,358 5,042
Total current assets 62,192 66,099
Property and equipment, net 9,012 10,160
Purchased software and technology licenses, net 5,830 7,195
Long-term deferred tax assets 0 6,623
Other assets 5,168 7,349
Total assets $82,202 $97,426
Liabilities and Shareholders' Equity
Current liabilities:
Trade accounts payable $5,521 $5,057
Royalties payable 4,530 4,194
Income taxes payable 1,964 3,638
Deferred income taxes 0 2,388
Accrued expenses and other current
liabilities 26,189 28,177
Deferred revenues 7,334 8,346
Total current liabilities 45,538 51,800
Long-term lease obligations 545 840
Long-term deferred revenues 1,397 1,465
Other long-term liabilities 3,520 4,755
Total long-term liabilities 5,462 7,060
Shareholders' Equity
Common stock, no par value, net,
authorized 100,000 shares
Issued and outstanding 39,436
and 35,948 shares 118,940 105,491
Accumulated other comprehensive income 5,486 5,520
Accumulated deficit (93,224) (72,445)
Total shareholders' equity 31,202 38,566
Total liabilities and
shareholders' equity $82,202 $97,426
See accompanying notes to consolidated financial statements.
THE SANTA CRUZ OPERATION, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except earnings per share)
Three Months Ended Year Ended
September 30, September 30,
2000 1999 2000 1999
(Unaudited)
Net revenues
Licenses $28,767 $54,203 $133,510 $208,466
Services 4,030 3,917 15,413 15,158
Total net revenues 32,797 58,120 148,923 223,624
Cost of revenues
Licenses 5,707 7,101 22,366 30,450
Services 4,320 5,179 19,430 19,328
Total cost of
revenues 10,027 12,280 41,796 49,778
Gross margin 22,770 45,840 107,127 173,846
Operating expenses:
Research and
development 7,931 10,746 39,673 42,376
Sales and marketing 19,322 26,543 89,313 98,525
General and
administrative 4,835 3,615 18,691 16,572
Restructuring charges 4,796 -- 10,683 --
Total operating
expenses 36,884 40,904 158,360 157,473
Operating income (14,114) 4,936 (51,233) 16,373
Other income (expense):
Interest income, net 79 410 1,679 1,942
Other expense, net (758) 905 819 1,939
Income before
income taxes (14,793) 6,251 (48,735) 20,254
Income taxes 5,986 876 8,218 3,396
Net income (loss) (20,779) 5,375 (56,953) 16,858
Other comprehensive
income (loss), net of tax
Unrealized loss
on available-for-sale
equity securities 201 -- 5,617 --
Foreign currency
translation adjustment (235) (26) (539) (905)
Comprehensive
income (loss) $(20,813) $5,349 $(51,875) $15,953
Earnings (loss)
per share:
Basic $(0.56) $0.16 $(1.59) $0.49
Diluted $(0.56) $0.14 $(1.59) $0.46
Shares used in
earnings (loss)
per share calculation:
Basic 36,789 33,880 35,720 34,232
Diluted 36,789 38,319 35,720 36,402
See accompanying notes to consolidated financial statements.
SOURCE Santa Cruz Operation, Inc.
CONTACT: Lynn Schroeder, Investor Relations, 831-427-7399, or
lynnsc@sco.com, or Randy Bresee, CFO, 831-427-7661, or randy@sco.com, or
Jan Tarzia, Public Relations, all of Santa Cruz Operation, Inc.; or
Mary Magnani of The Carson Group, 415-617-2542, or mmagnani@carsongroup.com,
for Santa Cruz Operation, Inc.,
URL: http://www.sco.com
http://www.prnewswire.com
(C) 2000 PR Newswire. All rights reserved.
Grüsse Auhof