June 14, 2003

SCO Stock Jumps 24% as Showdown With Big Blue Looms

Shares in Utah's SCO Group soared 24 percent Friday as investors anticipated passage of a deadline for resolution of the company's $1 billion lawsuit against IBM.
With both parties declaring they will stand firm in the dispute over use of the Linux operating system, the Lindon-based SCO's shares peaked at $11.95 before closing at $11.21 Friday -- up $2.16 from Thursday's trading on the Nasdaq Stock Market.

Link: sltrib.com

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