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Domain: baystarcapital.com

Stories and comments across the archive that link to baystarcapital.com.

Stories · 4

  1. SCO's Biggest Investor Admits It Loves IP Lawsuits

    Yro · Caldera · · posted by timothy · from the and-even-baystar-isn't-happy-with-sco dept. · 270 comments
    Roblimo writes "A Baystar Capital spokesperson has finally admitted, directly and on the record to NewsForge reporter Chris Preimesberger, that they believe SCO's only viable asset is the potential proceeds of lawsuits against Linux users and vendors. 'We're looking for the best return we can, and we think the focus should be on IP licensing (and enforcement),' said BayStar spokesman Bob McGrath."

  2. BayStar Cashes Out of SCO Stock

    Caldera · · posted by ryuzaki0 · from the gotta-know-when-to-fold-'em dept. · 524 comments
    Kurt Wall writes "According to Yahoo! Finance, BayStar, the company that funded SCO to the tune of $50,000,000, and then later changed the terms of the deal, has requested that SCO redeem the 20,000 shares of preferred stock issued in return for the funding. The reason? BayStar states that 'SCO has allegedly breached Sections 2(b)(v), 2(b)(viii) and 3(g) of the Exchange Agreement.' Naturally, SCO thinks it has done nothing of the sort."

  3. SCO Investor Changing the Deal

    News · Caldera · · posted by timothy · from the money-is-linked-to-control dept. · 392 comments
    Kurt Wall writes "According to this story, recent SCO investor Royal Bank of Canada appears to be changing its tune. RBC, along with BayStar Capital, invested $50 million in SCO, but now has changed the deal to give it veto power over the payment of the 20% contingency fees SCO's IP lawyers will get. As to the wisdom of the investment itself, an RBC spokesman would only say that the 'investment in SCO is passive, made to hedge an economic exposure resulting from client transactions.' Such as the SCO case collapsing, perhaps?"

  4. SCO gets $50 Million Investment

    Money · · posted by ryuzaki0 · from the fuel-to-the-flame dept. · 491 comments
    sjbe writes "It was announced today that SCO received $50 million in private equity funding. The lead investor is BayStar Capital which has invested in Roxio among other companies. This gives SCO a pretty big war chest to fight IBM. Before this investment SCO only had a few million in cash remaining. If you thought SCO was annoying before, this won't help."