The SCO Group, which continues to fight legal battles over Linux and Unix, reported growing losses in 2006 as it jockeys to establish itself as a mobile application and services provider in the face of stiff competition in its traditional Unix business.
Revenue for the fourth quarter of 2006 was $7.35 million (£3.72m), compared to $8.53m during the fourth quarter a year earlier. In addition, losses for the most recent quarter totalled $3.74m (£1.9m), up from the $3.43m net losses reported in the fourth quarter of 2005.
The losses came as SCO jockeys to regain its financial footing despite increased competitive pressures on its Unix business and a string of money-draining lawsuits it has filed in an effort to protect what it claims is its proprietary Unix code. In a legal filing last week, Novell claimed SCO was at the edge of "imminent" bankruptcy, but SCO denied the claim.
Instead, SCO says it is focusing on its mobile business to help pump up its revenues. At the SCO Forum in August, SCO President and CEO Darl McBride said moving forward the company would focus on offering subscription-based mobile services called Me Inc. that it is developing using a new mobile software development platform called EdgeClick.
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