Update: McBride ousted at SCO, lawsuits to continue
,----[ Quote ]
| The SCO Group plans to emerge from Chapter 11 soon and revealed that not only
| will it modify its business strategy towards mobile products, it will also
| replace chief executive officer Darl McBride and pick up the Linux and Unix
| license lawsuits against IBM and Novell.
`----
http://www.tgdaily.com/content/view/36344/118/
Is this the future of the market? Bogus lawsuits? All the 'innovation' will
immediately move to China and India.
Stocks Up, Jobs Down
,----[ Quote ]
| Prior to the U.S. open, payroll agency ADP reported the private sector lost
| 23,000 jobs from January to February, while the increase from December to
| January was revised downward by 11,000 to 119,000. The report may be a gloomy
| harbinger for Friday's government jobs report, but was tempered by a
| better-than-expected reading on activity in the services sector.
`----
http://www.forbes.com/2008/03/05/briefing-ambac-halted-markets-equity-cx_ss_0305markets21.html?partner=yahootix
Related:
Much ado about SCO
,----[ Quote ]
| When you look at the facts here what makes for a great story will be very
| likely to turn out to be much ado about nothing. What we are seeing is 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-foundation.org/weblogs/jzemlin/2008/02/17/much-ado-about-sco/
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 Bags $100 Million But Who Benefits?
,----[ Quote ]
| SCO maintains its image problem and it also carries that aforementioned heavy
| debt. It owes money to several parties including Novell and it could face
| followup lawsuits (comeback claiming damages) from victims of its own
| lawsuits, assuming money remains in its coffers. Why would anyone invest in
| SCO? More importantly, why now? That remains the key question in many
| people's minds.
`----
http://itmanagement.earthweb.com/cnews/article.php/3728651
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?
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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
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