Insolvent SCO scraps its reorganization plan
,----[ Quote ]
| SCO Group Inc., the Utah County-based bankrupt software developer that claims
| to own copyrights to the Unix operating system, has scrapped a $100 million
| reorganization plan after its financial sponsor asked for a new deal.
|
| [...]
|
| The U.S. Trustee monitoring SCO's case for the Justice Department may demand
| that the company be taken over by an independent fiduciary if the talks with
| Stephen Norris fail to deliver a reorganization plan. This is the company's
| third attempt to negotiate a way out of bankruptcy, Joseph McMahon Jr., an
| attorney with the U.S. Trustee's office, told Gross.
|
| "I don't think this case can take a fourth chapter," McMahon said.
`----
http://deseretnews.com/article/1,5143,695266913,00.html
Related:
SCO 10Q: the MOU with Norris Ain't Carved in Stone, Y'all
,----[ Quote ]
| Woe is me. There might be no appeal? No more SCO? Everything depends on money
| in a reorg? Plus figuring out how to actually make a profit going forward?
|
| How do you like this news, about more downsizing ahead...
|
| Now if only someone would loan SCO some eggs, at 20% interest, SCO could
| serve up some dancing baloney and eggs.
`----
http://www.groklaw.net/article.php?story=20080317202202228
Novell steering clear of SCO Group buyout, attorney says
,----[ Quote ]
| Novell Inc. has had no contact with the head of a company trying to buy the
| bankrupt SCO Group and plans to go ahead with a trial next month to determine
| how much SCO may owe it for licensing the Unix operating system, officials
| said Monday.
`----
http://www.sltrib.com/technology/ci_8609584
Did Microsoft ruin SCO?
,----[ Quote ]
| Which comes to the scenario in mind. Gates approaches McBride and puts forth
| a proposition that SCO should try and make money out of Linux. He offers to
| bankroll the operation in a backhanded manner and then steps back to watch
| the action unfold. His reasoning for doing this? To have a test run before he
| puts Microsoft through the same paces. Either way he wins.
`----
http://blogs.ittoolbox.com/linux/locutus/archives/did-microsoft-ruin-sco-19663
,----[ Quote ]
| "We've moved past the ideology," said Sutor, in Salt Lake City
| Thursday to attend graduation ceremonies at Neumont University."
| Many people have figured out that there are a number of ways tom
| ake money from the 'open source' model."
|
| [...]
|
| The litigation has been characterized as part of a proxy war being
| ^^^^^^^^^^^^^^^
| waged by Microsoft against Linux, seen as a prime challenger to
| ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
| Windows. Microsoft has been a prime funding source for SCO, but
| ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
| earlier this month stunned open-sourcers by announcing a development
| pact for Novell's Suse-brand of Linux.
`----
http://www.sltrib.com/ci_4679245?source=rss
Another Indirect Link is Found Between Microsoft and Acacia (Patent Troll That
Attacks Linux)
,----[ Quote ]
| It turns out that BayStar was one of the investors in Acacia Research
`----
http://boycottnovell.com/2007/10/21/baystar-acacia/
SCO Plans Rebound Thanks to $100M Lifeline
,----[ Quote ]
| Embattled Unix vendor SCO may get a new lease on life, thanks to a $100
| million infusion aimed at helping it emerge from bankruptcy and pursue its
| controversial legal claims.
|
| The financing comes from Stephen Norris Capital Partners (SNCP), which will
| take a controlling interest in SCO as part of the deal.
`----
http://www.internetnews.com/bus-news/article.php/3728201/SCO+Plans+Rebound+Thanks+to+100M+Lifeline.htm
SCO acquisition wrap-up
,----[ Quote ]
| Datamation's Roy Schestowitz notes that for a company with such a troubled
| and checkered past, it's a mystery why anyone would want to come forward and
| help rescue it from certain death. "Why would anyone invest in SCO?" he
| asks. "More importantly, why now?"
|
| Groklaw's Jones may have an answer. She suggests a connection between the new
| investors and Microsoft's Bill Gates.
|
| In the end, though, all the hype may be just that -- hype. Jim Zemlin,
| executive director of The Linux Foundation, says all the theories and
| conjecture are just navel-gazing. In fact, he says the whole story is nothing
| more than "a speculator picking the bones of a defunct company. The facts of
| the SCO case haven't changed; the Linux industry is stronger than ever."
`----
http://www.linux.com/feature/127397
SCO announces reorganization plan - $100 M from SNCP & "partners from the
Middle East", to go private - Updated
,----[ Quote ]
| Update: It seems Bill Gates has a friend in this picture. The two announced
| another deal last year, according to this IHT article, "Four Seasons Hotels
| agrees to bid from Gates and Alwaleed":
|
| Gates and Alwaleed have collaborated for at least two years. After
| attending a dinner at Gates's home in Bellevue, Washington, in early
| 2004, Alwaleed agreed to explore ways to assist Microsoft's expansion in
| Saudi Arabia.
|
| So, there's Waldo.
`----
http://www.groklaw.net/article.php?story=20080214125705140
SCO: taken over, slightly richer, but still on its way out
,----[ Quote ]
| Ovum has been dismissive of SCO's legal claims ever since the company first
| aired them. This latest twist does not change our mind, on the contrary. Like
| many others, we are puzzled by SNCP's decision; puzzled but not completely
| surprised. After all SCO had been desperately trying to find a new financial
| backer ever since the August 2007 legal setback against Novell which affirmed
| Novell's, rather than SCO's, ownership of the Unix copyrights. This setback
| caused SCO to file for bankruptcy in September 2007 and to announce a plan to
| sell its Unix assets to JGD Management Corp/York Capital Management LLC for
| up to $36m a month later. The plan failed. It has now found a Plan B with
| SCNP.
`----
http://www.ovum.com/news/euronews.asp?id=6684
SCO: it's not about winning but continuing the FUD
,----[ Quote ]
| Perhaps SCO's continued legal battle isn't about proving the validity of
| their argument but about keeping their case in the public eye?
`----
http://www.siriusit.co.uk/myblog/sco-continues-as-legal-mechanism-to-spread-fud-about-open-source.html
Quick Take: An Insane Investment in SCO
,----[ Quote ]
| Assuming that the legal system hasn't gone entirely bonkers yet, the
| investment also sets Red Hat (NYSE: RHT) up to follow its lawsuit against
| SCO to its logical conclusion, after the IBM suit fizzles out. If I were Red
| Hat, I'd send Stephen Norris a thank-you note. Seriously, guys -- what were
| you thinking?
`----
http://www.fool.com/investing/small-cap/2008/02/15/quick-take-an-insane-investment-in-sco.aspx
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.
`----
http://www.groklaw.net/article.php?story=20061009152706664
,----[ 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.
`----
http://www.catb.org/~esr/halloween/halloween10.html
|
|
