SCO is back peddling on the financial statements it filed for the quarters ending 31 January 2004, 30 April 2004 and 31 July 2004. They "should no longer be relied upon and should be restated", the company said in a press release.
Revenues and profit figures in those statements are still accurate, but it appears that the company bookkeeper has gotten a little over zealous when he entered stock compensation programmes in the books. Dividends too are reason for a restatement.
Nothing major, SCO stresses.
But for a company that already risks being delisted from the Nasdaq for failure to file its annual report in a timely fashion, this is just another sign that something is severely wrong.
SCO of course is the company that claims to own the intellectual property of Unix and has sued IBM and several Linux users over alleged copyright infringements.
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