Home Messages Index
[Date Prev][Date Next][Thread Prev][Thread Next]
Author IndexDate IndexThread Index

[News] [Rival] SCO Caught Pulling Dirty Tricks, the Exodus Continues

New Novell Evidentiary Objections to SCO's May 18 Filings and Exhibits -

,----[ Quote ]
| Well, here we go again. Novell now accuses SCO of trying to smuggle 
| in some evidence and expert reports after the deadline in the 
| Novell case too.


Sage Software snares SCO regional MD

,----[ Quote ]
| He will report directly to Sage Business Solutions' Managing Director, 
| Mike Lorge. Most recently, at SCO 'Shaughnessy held the position of 
| regional director for Australia and New Zealand for seven years. 



SCO About to Face Delisting Trouble, Again

,----[ Quote ]
| Nasdaq regulations require that for a stock to stay listed, it needs
| to be traded at a minimum price of $1.00. You can find out more about
| the regulations here. The relevant quantity here is the closing bid
| price, which is the last price a potential buyer offered for the
| stock. While the bid price may differ slightly from the closing
| price, it is still a reasonable indicator. Looking at the recent
| closing prices of SCOX you will notice that they closed below
| $1.00 for about 20 consecutive business days. After 30 business
| days below the minimum, Nasdaq will send a deficiency notice
| giving them 180 days before they face a delisting letter. During
| this period the company will be required to bring the stock up to
| the minimum for at least 10 consecutive business days.


Darl McBride destroying SCO: bankruptcy looms

,----[ Quote ]
| SCO has long been sueing IBM for using SCO intellectual property in
| Linux and AIX product. Linux lovers will applaud the downfall, if
| it happens - which, no doubt whatsoever, they devoutly wish - of
| Darl McBride's disputacious and deeply disreputable company.
| I'm just glad that people who once worked for SCO in the UK can
| relax in the knowledge that their pensions are safe even though
| the company, which many once loved, has been taken to the brink
| of disaster by its present management.


SCO Plans Con Call to Discuss Earnings, Layoffs

,----[ Quote ]
| The SCO Group Latest News about SCO Group, long tight-lipped about
| issues ranging from its recent courtroom setbacks and finances to
| rumored layoffs Latest News about layoffs, has set a conference
| call for 3 p.m. Jan. 17.


SCO bankruptcy called imminent

,----[ Quote ]
| If this is the end it seems to leave Novell in a curious position.
| In its deal with Microsoft, Novell appears to have granted Microsoft
| the power to claim that Microsoft holds the same kinds of rights to
| Linux that SCO claimed, and fourth quarter downloads indicate that
| many customers are taking those claims seriously.


,----[ Quote ]
| The media reaction to SCO's flurry of press releases and teleconference
| yesterday is intriguing. Just from the headlines, you can see how well it
| did or didn't go.
| [...]
| "If people think SCO has gone crazy or 'MAD' it's now official,"
| McBride said.


The Goldfarb Declaration - Updated: MS Statement

,----[ Quote ]
| According to the Declaration, Richard Emerson was not the only
| Microsoft employee Goldfarb was dealing with in connection with the
| BayStar investment in SCO. He mentions by name two others, from two
| other departments.


IBM's Memo in Support of its Motion for SJ on SCO's Interference Claims

,----[ Quote ]
| BayStar, Goldfarb testifies, dumped SCO because its stock price,
| financial performance and the viability of its UNIX products
| all appeared to be in decline, and he "was also very concerned
| about SCO's high cash burn rate." Pure financial animals get
| nervous when that happens. But the kicker was he began to
| realize that Microsoft, whose senior VP of corporate
| development and strategy had promised that Microsoft would in
| some way guarantee the SCO investment, started showing signs
| it might not do that after all:
|     "Mr. Emerson and I discussed a variety of investment
| structures wherein Microsoft would 'backstop,' or guarantee in
| some way, BayStar's investment.... Microsoft assured me that
| it would in some way guarantee BayStar's investment in SCO." 
| Let me interrupt my narrative to quickly ask, Why ever would
| Microsoft guarantee BayStar's investment in SCO? What would be
| the business purpose here? What would Microsoft's benefit or
| payback be? What were they hoping for as the return on the
| investment? And why didn't they wish to invest directly? Pray
| do explain. Joke. Joke. Anyhow, after the investment was
| made, Goldfarb says, "Microsoft stopped returning my phone
| calls and emails, and to the best of my knowledge, Mr.
| Emerson was fired from Microsoft."
| Ah! The well-known Microsoft 180. Kiss kiss, let's do a
| deal. Drop dead. 


,----[ Quote ]
| "There you have it. At least a third of SCO's entire market
| capitalization, and their entire current cash reserves, is payoffs
| funnelled from Microsoft. Their 10Qs reveal that every other line of
| cash inflow is statistical noise by comparison. The brave new
| SCO source business model is now clear: sue your customers, shill
| for Microsoft, kite your stock, and pray you stay out of jail."


[Date Prev][Date Next][Thread Prev][Thread Next]
Author IndexDate IndexThread Index