By Dominic Maher, 11 July 2000 12:18
NEWS The Santa Cruz Operation (SCO) has warned that earnings for the third quarter (Q3) will be lower than expected due to a slow recovery in the channel following the impact of Y2K. The Unix giant added that several large server deals for customers and the government did not close on time to be included in the quarter's results. The company expects revenues to be between $26m and $28m, compared to $57m for the corresponding quarter in 1999. Net loss is expected to be in the region of 50 to 55 cents per share compared to a net income of 13 cents for the previous years quarter. The results for quarter end 30 June 2000 will be announced on 25 July 2000.
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