SCO Source income: $32,000. Legal bills: $3 million

Well, it looks like the old saying is true; “What goes around comes around.” Maybe SCO can use this run of bad luck to their advantage and find some new resolve as they continue to struggle with a failing product.

The litigious Unix vendor announced this week that revenues for its most recent quarter, which ended July 30, were $9.35 million compared to $11.2 million (5.09 million and 6.10 million pounds, respectively) for the same period in 2004. SCO posted a loss of $2.4 million over the three-month period, compared to a profit of $7.5 million for the same period the year before.

This decline was caused by a drop in income from SCO’s Unix products and by legal bills of $3 million. This stemmed from SCO’s ongoing court cases against IBM and Novell, among others, over its claim that its intellectual property was unlawfully included in Linux. [Read the rest]