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[News] SCO Seemingly Abandoned by Possibly Investor

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Comeback kids see a brighter future for The SCO Group

,----[ Quote ]
| The developments of the past few months also may mean that Darl McBride will 
| continue as CEO, a post he was to exit when the company planned to give up 
| control to new investors in order to save the company. Now, SCO may not need 
| as much, if any, outside money to continue operations and pursue its 
| lawsuits.     
| [...]
| Shortly after that, SCO filed for bankruptcy and proposed a reorganization 
| plan that included an investment of up to $100 million from a private-equity 
| fund that would have taken control of the company. The fund, Stephen Norris 
| Capital Partners, said McBride would not continue as CEO if the plan were 
| approved by the bankruptcy court.    



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.     


,----[ 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.


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. 


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."    


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. 


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.         


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? 


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?    


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.


,----[ 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."

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