By Julian Goldsmith, 13 July 1998 17:00
NEWS Investors have reacted angrily to Santa Cruz Operation's (SCO) profit warning last week. SCO said its share value would dip by 50 cents for the quarter ending 30 June, a drop of only 14 per cent, but following the warning shares actually dipped 27 per cent. A spokesman said the profits warning was due to the reduction of its channel inventory and a deferment of Indian revenues, caused by the international reaction to that country's nuclear weapons tests earlier in the year. SCO was trying to cut its channel inventory and move on to electronic distribution, the spokesmen said. The official quarterly figures will be released on 21 July.
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