SCO stock continues downward spiral

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SCO stock continues downward spiral

In the months after the SCO Group’s Linux-related lawsuit against IBM (NYSE: IBM) was filed nearly three and a half years ago, the tiny Utah software company saw its stock soar tenfold.

On Tuesday, though, the Lindon company’s stock was a long way from its October 2003 high of US$20.50 per share. After a sustained slide fed by poor earnings results and courthouse reversals, SCO shares closed Tuesday at $2.28 per share.

Read the complete story here. (Tech News World)