With all the talk about who did what when in the Linux kernel, you might have missed another interesting battle: The battle between SCOX and RHAT share prices.
While looking at various investment options the other night, I took a look at SCO (SCOX) and Red Hat (RHAT) on a whim. I had not looked at either one in a long time. If you are like me, you will probably be surprised by what you find. If you have the time, chart out SCOX and RHAT for the last 12 months in a comparison chart (say one that assumes an initial $10,000 investment).
SCOX is up a healthy 71% for this May 2003 to May 2004 period. However, that is a far cry from the 486% move it saw from May 2003 to November 2003. RHAT is up an even healthier 275% with what looks like a relatively steady growth to my amateur eyes in the same May 2003 to May 2004 period. Note that none of this is investment advice. I’m just noting some interesting numbers here. (Tonight I took a look at Novell (NOVL) and noticed it is up 249% over the same 12 month period. But, like SCOX, it is down somewhat sharply from its peak of 393% a few months ago. And, if anyone is wondering Microsoft (MSFT) is up 1% for the past 52 weeks).
With this knowledge several days old, I was not too surprised when Slashdot pointed to two articles reporting that SCO is laying off 10% of its worldwide workforce (Santa Cruz Sentinel) and that the Royal Bank of Canada has elected to convert 10,000 shares of SCO’s Series A-1 Convertible Preferred Stock it currently holds into a total of 740,740 shares of SCO’s common stock … (and) … Additionally, Royal Bank of Canada informed SCO that it has sold 20,000 shares of Series A-1 stock to BayStar Capital II, L.P. (Yahoo Finance/PRNewswire).
So, what do you think will happen in the next few months?