Beleaguered software group SCO has managed to avoid being delisted from the Nasdaq stock exchange after meeting the minimum requirements to maintain its listing.

As previously reported on IT-Online, SCO had received an official warning that its listing could be discontinued after its share price fell below $1-per-share for a period of 30 days. Under Nasdaq regulations, the share then had to perform above $1 for 10 days. SCO subsequently met this requirement and, it says, Nasdaq officials have now notified it that the delisting threat has been lifted.
In its latest quarterly results, SCO last week reported a loss of $1.1-million on revenues of $6-million for its second quarter and admitted that a number of lawsuits – most notably intellectual property suits against IBM and Novell – could force it to close its doors.
"We may not prevail in our lawsuits with IBM, Novell and others," it says in a statement, "which may adversely affect our ability to continue in business."
SCO has reportedly spent $11-million on legal actions to date.