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SCO vs. Linux: SCO funds for SCO investor
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| An objection from IBM lodged with the bankruptcy court has opened up a
| surprise new front in the SCO Group liquidation hearing. According to IBM
| lawyers, in 2008 SCO boss Darl McBride made personal payments to Steven
| Norris via an intermediary, for searching for further investors willing to
| invest in SCO. Money was also paid by SCO's German subsidiary SCO
| Deutschland, with which Norris is reported to have signed a consulting
| contract. The role played by Norris, who recently promised to rescue SCO
| through an investment group by the name of Gulf Capital, is therefore set to
| become a key point in this interminable saga.
`----
http://www.h-online.com/open/SCO-vs-Linux-SCO-funds-for-SCO-investor--/news/113814
Recent:
SCO's New Proposed Sale Plan - Wants to Sue Linux Users Some More
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| - By the way, did you catch the part about "other potential defendants" in
| addition to Novell, IBM, Red Hat and AutoZone? Everybody pretty much goes to
| unXis, leaving McBride as captain of the Good Ship SCO, and he gets to sue
| and sue and sue, while the assets have gone to unXis, so if SCO loses all the
| litigation, then the victors get no spoils and can't be be made whole by the
| legal process. But what particularly struck me is SCO saying that they will
| be able "to move the UNIX business forward with unXis in a very exciting
| way." "With unXis"? In what sense? It starts to hint that this is more a
| renaming, taking in some new management who seem to have financial expertise,
| and SCO keeps skipping along as unXis, with the dangerous litigation spun off
| safely into a litigation troll. Is that not what you see?
`----
http://www.groklaw.net/article.php?story=20090623013806705
SCO wants to keep waging legal war after $2.4M asset sale
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| SCO has secured a deal to sell off its major assets for $2.4 million to an IT
| consulting firm called Unxis. The agreement, which is still awaiting court
| approval, specifies that SCO retains the right to continue pursuing its
| litigation.
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http://arstechnica.com/open-source/news/2009/06/sco-wants-to-keep-waging-legal-war-after-24m-asset-sale.ars
SCO vs. Linux: New investor rescues SCO from bankruptcy
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| In yet another bizarre twist in the interminable legal dispute over source
| code allegedly illegally copied from UNIX System V into Linux, the SCO Group,
| which claims ownership of the disputed code, has secured a last-gasp reprieve
| from the threat of liquidation. Immediately before the crucial liquidation
| hearing in the bankruptcy court, SCO CEO Darl McBride signed an agreement
| with a company by the name of Gulf Capital Partners, backed by well-known
| investor Stephen Norris. Caught out by the surprise development, all parties
| have agreed to postpone the liquidation hearing until the 16th or the 27th of
| July.
`----
http://www.h-online.com/open/SCO-vs-Linux-New-investor-rescues-SCO-from-bankruptcy--/news/113540
SCO Group strikes deal just before bankruptcy hearing
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| The SCO Group lives.
|
| Facing life or death, officers of the embattled Utah software company signed
| a deal Monday just before walking into a federal bankruptcy courtroom for a
| hearing on motions to liquidate it. Instead, they proposed selling off the
| company's Unix business to a London-based firm, while keeping its licensing
| claims that are part of high-profile lawsuits involving IBM, Novell and other
| companies.
|
| The SCO Group also would retain its mobile application business, an area
| where it sees big potential growth.
|
| "We signed that deal just minutes before the court hearing, and walked in and
| handed it to them, " said Darl McBride, CEO of Lindon-based SCO.
`----
http://www.sltrib.com/technology/ci_12595750
Last Minute Filings in SCO Bankruptcy - Hearing Later Today - Update: 1st word;
2nd Update
http://www.groklaw.net/article.php?story=20090615122117389
After the Hearing: Reports From Our Eyewitnesses - Updated
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| So, the bottom line of the day is that the proposed sale to
| Gulf-Cap-whatever-their-name-really-turns-out-to-be (see previous article)
| will have a hearing on July 16, as Webster earlier reported. So we will no
| doubt get to see the proposed agreement filed, and then objections, the usual
| song and dance. So, bottom line? Delay, delay, delay. It's too bad SCO can't
| package it up and sell delay. They'd make a fortune. It is what they are best
| at, I'd say.
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http://www.groklaw.net/article.php?story=20090615122117389
After the Hearing: Reports From Our Eyewitnesses
http://www.groklaw.net/article.php?story=20090615195402823
SCO Does It, Quite Frankly, As Usual
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| As it stands, everything remains up in the air — the proposed sale is by no
| means final, and if it is like any of the others, is likely nothing more than
| a delaying tactic. If the judge has any sense about him, when and if this
| deal falls through like all the rest, he'll wake up and finally start
| sanctioning SCO for treating the Bankruptcy Code like kindling. If it falls
| through by next month's hearing, SCO will need a miracle even Satan couldn't
| help them get to avoid conversion into a Chapter 7 — once the Chapter 7
| trustee gets his hands on them, they'll find themselves sold off faster than
| $5 Ferraris. By the time it finally happens, that champagne we all put away
| in 2002 will be just about right.
`----
http://www.linuxjournal.com/content/sco-does-it-quite-frankly-usual
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