Martin Pool's blog

Understatement

Darl McBride is prone to making statements that seem pretty wild to informed observers. So it's good to see SCO can still come out with the occasional deadpan understatement:

If we do not prevail in our action against IBM, or if IBM is successful in its counterclaim against us, our business and results of operations could be materially harmed. The litigation with IBM and potentially others could be costly, and our costs for legal fees may be substantial and in excess of amounts for which we have budgeted. Additionally, the market price of our common stock may be negatively affected as a result of developments in our legal action against IBM that may be, or may be perceived to be, adverse to us.

(From SCO's recent S-3 filing, courtesy of groklaw.)

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