Newsgroups: biz.sco.announce
Path: gmd.de!newsserver.jvnc.net!howland.reston.ans.net!spool.mu.edu!olivea!xenitec!edhew
From: i...@sco.COM (SCO Information)
Subject: SCO Completes Initial Public Offering
Organization: XeniTec Consulting Services, Kitchener, ON, Canada
Date: Thu, 27 May 1993 02:36:19 GMT
Approved: scoann...@xenitec.on.ca
Message-ID:  <9305261936.aa20934@marcsco.sco.COM>
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Sender: ed...@xenitec.on.ca (Ed Hew)
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FOR IMMEDIATE RELEASE                                                         
                                                                              
CONTACT:                                                                      
                                                                              
Zee Zaballos                                                                  
The Santa Cruz Operation, Inc.                                                
408/427-7156                                                                  
408/427-5448                                                                  
                                                                              
                                                                              
             THE SANTA CRUZ OPERATION, INC. MAKES INITIAL PUBLIC              
                     OFFERING ON NASDAQ NATIONAL MARKET                       
                                                                              
SANTA CRUZ, CA (May 26, 1993) -- The Santa Cruz Operation, Inc.,              
(``SCO'' or the ``Company'') made the inital public offering of its common    
stock at $12.50 per share which will trade on the Nasdaq National Market.     
                                                                              
SCO, whose trading symbol is SCOC, provides open systems software for         
Intel-based computer systems. SCO's products include advanced 32-bit          
operating systems, networking and distributed computing software, user        
interface products and development and language tools. Founded in 1979, SCO   
is headquartered in Santa Cruz, California, with offices in London and Toronto
and major regional offices in Copenhagen, Frankfurt, Mexico City, Milan,
Paris, Singapore, Sydney, Tokyo, and throughout the United States.            
                                                                              
The offering of 6,000,000 shares included 3,600,000 shares sold by the        
Company and 2,400,000 shares sold by selling stockholders. The net proceeds   
to the Company are approximately $41.1 million. 4.8 million of the shares are
being offered in the United States, with the balance being offered through an 
international syndicate.                                                      
                                                                              
The managing underwriters of the intial public offering are Goldman, Sachs &  
Company and Donaldson, Lufkin & Jenrette Securities Corporation.              
                                                                              
                                    # # #                                     
                                                                              
SCO and the SCO logo are trademarks or registered trademarks of The Santa Cruz
Operation, Inc.  in the U.S.A.  and other countries.  All other brand or      
product names are or may be trademarks of, and are used to identify products  
or services of, their respective owners.