SCO's hometown paper sees bad things coming
SCO's Linux and IBM lawsuits haven't been going well, and the stock market's beginning to notice. SCO's hometown newspaper, the Salt Lake City Tribune, notes that SCO's stock has fallen from its October 2003 high of $20.50 per share to an August 1 close of $2.28.
It's actually far, far worse than that. In May 2002, before SCO launched its lawsuit against IBM, the company had a 4-to-1 reverse stock split. In other words, every four shares of existing Caldera stock were converted into one share, Therefore, if you owned Caldera stock in April 2002, your current shares are worth an all-time low of about 57 cents a share.
No one who owned shares in the beleaguered Unix company went on record with their thoughts about the company's future business prospects.