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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.
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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.
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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.
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http://www.linuxjournal.com/content/sco-does-it-quite-frankly-usual
Related:
Shuttleworth: Microsoft Fracturing the Open-Source Community
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| "That's extortion and we should call it what it is," he said. "To say, as
| [Microsoft CEO Steve] Ballmer did, that there is undisclosed balance sheet
| liability, that's just extortion and we should refuse to get drawn into that
| game. On the other side, if Microsoft is concerned about its intellectual
| property, there is no one in the free software community that wants to
| violate anyone's IP. Disclose the patents and we'll fix the code.
| Alternatively, move on."
|
| Microsoft has said it does disclose which patents are being violated, but
| only in one-on-one conversations with vendors. To Shuttleworth, that is not
| disclosure, because patents are public documents.
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http://www.eweek.com/article2/0,1759,2167193,00.asp?kc=EWRSS03129TX1K0000616
[Mark Shuttleworth Interview]
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| Microsoft is asking people to pay them for patents, but they won't
| say which ones. If a guy walks into a shop and says: "It's an
| unsafe neighbourhood, why don't you pay me 20 bucks and I'll make
| sure you're okay," that's illegal. It's racketeering. What Microsoft
| is doing with intellectual property is exactly the same. It's a great
| company and I have great admiration for it, but this was not a
| well considered position.
|
| So you wouldn't do a deal?
|
| No, absolutely not. But the time will come when the folks at
| Microsoft who have a clear vision for the company as a participant
| in this community, rather than as a hostile antagonist, will win.
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http://mybroadband.co.za/nephp/?m=show&id=6672
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