Goldenwest Credit Union opening new branch in Provo -- Goldenwest Credit Union, which has 13 branches statewide, is opening its first Utah County office in Provo.

The new full-service branch, located within Ream's Family Foods grocery store at 2250 N. University Parkway, is scheduled to open in the first quarter. The Provo branch will offer free checking, savings products, auto loans and home loans as well as a 24-hour ATM.

UITA names four new trustees -- The Utah Information Technology Association named four new members of its board of trustees.

They are Jacqie Soechtig, CEO of First Choice Solutions; Michael Wilcox, Utah public sector account and executive of Hewlett-Packard; Cynthia Bioteau, president of Salt Lake Community College; and Sam Gardiner, a partner with the Salt Lake City law firm of Dorsey & Whitney.

Soechtig was former CEO and chairman of the board for FutureSmart, a Salt Lake City provider of structured wiring solutions for residential developments. Wilcox began working for Hewlett Packard as a design engineer in the research and development department in 1986. He later joined Compaq Computer to manage government and educational sales, and returned to HP when it purchased Compaq in 2002.

Bioteau, who earned a doctorate in philosophy at Lesley University, Cambridge, Mass., has more than 30 years of experience in teaching and administration. Gardiner specializes in corporate finance, securities, mergers and acquisitions. He has extensive experience in venture capital, private equity and debt financing deals, representing both emerging companies and investors, as well as underwriters and companies in public equity offerings.

SCO's fourth-quarter net losses narrow to $3.43 million -- The SCO Group Inc. said its net losses narrowed to $3.43 million, or 19 cents loss per share for the fourth quarter ended Oct. 31, from net losses of $6.52 million, or 37 cents loss per share a year ago.

Included in the previous fourth quarter's net losses are $2.7 million in restructuring charges and losses on the sale of long-lived assets. The company reported a drop in fourth-quarter revenues to $8.53 million from $10.1 million last year. That's due primarily to a drop in revenues from its Unix division because of competition from the Microsoft and Linux community.

"While we will continue to focus resources on our UNIX business and expect this business to generate positive cash flow again in fiscal year 2006, we are excited about the prospects of our recently announced Me Inc. technology platform for smart handheld devices," said Darl McBride, SCO's president and CEO. Me Inc. is a platform for digital network services for handheld devices and browsers.

In addition, SCO completed a $10 million private placement of 2.85 million shares of common stock to existing shareholders and a member of its board of directors on Nov. 30. The shares were sold to institutional investors at $3.50 a share and to the board member at $3.92 a share. There were no special warrants or rights issued. The placement proceeds combined with the company's cash balance as of Oct. 31 are expected to provide funding for the resolution of the company's litigation.

Q Comm raises $3 million through stock placement -- Q Comm International Inc., an Orem provider of prepaid transaction processing and electronic point-of-sale distribution solutions, raised $3 million in gross proceeds through a private placement of 1 million new shares at $3 a share to its existing shareholders. The company also granted the investors registration rights that commence 180 days following the closing.