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SCO Assets for Settlement | 7 comments (7 topical, editorial, 2 hidden)

Re: SCO Assets for Settlement (4.50 / 4) (#2)
by hamjudo2000 on Sun Dec 11th, 2005 at 22:16:18 EST
(User Info)

SCOX has assigned some values for some of those assets in their 10-K and 10-Q filings with the SEC.

As of July 31st, the book value of the reseller channel was $2,897k and depreciating at the rate of $579k per quarter. It will be fully depreciated as of October 31st, 2006. Book value is a way to somewhat simplify life for accounting and tax purposes. Some things are worth far more than their book value, other things worth far less.
As of July 31st, the book value of acquired technology was $421k. It too will be fully depreciated as of October 31st, 2006.
and 4. They aren't listed on the 10-Q in a form I can directly interpret. However, they did record $32k in SCOsource licensing revenue for that quarter. And $132k for the last 3 quarters combined. I believe that is how they record their 5% of System V licensing revenue, plus other SCOsource revenue (if any). That sets an upper limit for 3. and 4. combined per quarter.
Near as I can tell, they did not assign a value to this in their 10-Q. They did not report anything except per share values that was worth less than $1000, but that might be unrelated.
Market Cap as of December 9th was $71,790k. I believe it was just a few percent higher on July 31st, but check that. The stock price does not appear rational after looking at SCOX's other numbers.
SCOX will not need to file a 10-Q that shows the valuation including the $10million private placement until 45 days after the end of the 1Q 2006. So we won't know until mid-March 2006. Don't believe anything you see in an unaudited press release.
In the 10-Q for the quarter ending July 31st, 2005, SCOX had this disclaimer for their list of lawsuits "Pursuit and defense of the above-mentioned matters will be costly, and management expects the costs for legal fees and related expenses will be substantial. The ultimate outcome or potential effect on the Company's results of operations or financial position of the above-mentioned matters is not currently known or determinable."

For completeness, you should also include their "net property and equipment", which has a book value of $578k. This stuff is interesting, because in the event of bankruptcy, this stuff would go up for auction.

Re: SCO Assets for Settlement by ColonelZen, 12/11/2005 22:52:45 EST (3.33 / 3)

Re: SCO Assets for Settlement by hamjudo2000, 12/11/2005 23:53:51 EST (3.66 / 3)

SCO Assets for Settlement | 7 comments (7 topical, 0 editorial, 2 hidden)

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