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SCO Group Is Late Filing Annual Report

SCO Group Is Late Filing Annual Report

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SALT LAKE CITY (AP) -- SCO Group, the Utah-based company embroiled in a $5 billion lawsuit against IBM, is tardy filing its 2004 annual report.

The Lindon company was to have filed its annual report to the Securities and Exchange Commission within 90 days of the Oct. 31, 2004, end of its fiscal year. Instead, SCO sought an extension on Jan. 31.

The postponed report was due Tuesday, a deadline SCO also missed. The company had still not filed by the close of trading Wednesday,

SCO spokesman Blake Stowell said the delays came "because management and the company's independent auditors continue to examine certain matters related to the issuance of shares of the company's common stock pursuant to its equity compensation plans."

SCO plans to file its report "as soon as possible ... when its analysis is complete."

Nasdaq officials said they were aware the company was late in filing.

Lee said that when a company misses filing deadlines, Nasdaq typically adds an 'E' to the firm's securities ticker symbol to "indicate to the investing public that the company is indeed delinquent in its filing."

He said it usually takes two days to process addition of an E and for traders to see the change, which is not otherwise announced by Nasdaq. SCO still carried its SCOX symbol at the close of trading Wednesday.

SCO Group has received worldwide attention for its claims that IBM illegally inserted proprietary Unix code into the freely distributed Linux operating system. SCO claims Unix copyrights.

(Copyright 2005 by The Associated Press. All Rights Reserved.)

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