] LINDON, Utah, March 22 /PRNewswire-FirstCall/ -- The SCO
] Group, Inc. (Nasdaq: SCOXE - News) today issued the
] following information. The Company participated in a
] previously announced hearing with the Nasdaq Listing
] Qualifications Panel on March 17, 2005 regarding its
] possible delisting for its failure to file its Form 10-K
] for the fiscal year ended October 31, 2004 in a timely
] fashion as required under Marketplace Rule 4310(c)(14).
] The Company outlined for the Panel its plan for filing
] its delinquent Form 10-K. The Company also discussed its
] plan for filing the delinquent first quarter Form 10-Q
] with the Panel during the hearing. On March 18, 2005, the
] Company received a notice from the staff of The Nasdaq
] Stock Market regarding the Company's failure to comply
] with Nasdaq's requirement to file its Form 10-Q for the
] quarterly period ended January 31, 2005 in a timely
] fashion, as required under Marketplace Rule 4310(c)(14).
The NASDAQ is now reviewing SCO (current ticker: SCOXE) and may decide to delist them. I find it very interesting that SCO is continuing to not release their financial statements. They may be very close to their demise.
Their stock is currently down about 9% on the announcement.
SCO possibly very close to delisting