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SCO gets $50 Million Investment

Posted by ryuzaki0 on from the fuel-to-the-flame dept.

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."

7 of 491 comments (clear)

  1. more money? by potpie · · Score: 2, Funny

    So the strategy is to give away money to a dying comapny so that it can pursue its dream of vain lawsuits and dishonor?

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    Esoteric reference.
  2. Now I get it... by ejaw5 · · Score: 1, Funny

    So THIS is why they stopped sending out those invoices.

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    $cat /dev/random > Sig
  3. Merry Christmas.... by smd4985 · · Score: 2, Funny

    to David Boies. SCO will be taking caring of the next few generation of Boies' family....

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    smd4985
  4. More Jail time for Daryl et al by the_other_one · · Score: 3, Funny

    Apparently they are not just smoking crack.
    They are trafficing.

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    134340: I am not a number. I am a free planet!
  5. Re:BayStar just threw away 50 Million dollars by Alsee · · Score: 3, Funny

    it is still very possible that the lawsuit with IBM may have merit

    Yes, for arbitrary generous definitions of possible and values of merit less than epsilon. :)

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    - - You can't take something off the Internet! That's like trying to take pee out of a swimming pool.
  6. Slashdot announces 5 billion dollar lawsuit vs IBM by RobK · · Score: 2, Funny

    Slashdot announces that they intend to file suit against IBM for $5 billion dollars.

    Commander Taco was reported as saying, "There's no basis for this suit, but that didn't stop SCO. Our case is just as strong."

    In unrelated news: BayStar Capital is looking to invest $80 Million in Slashdot

  7. Re:they follow what analyst said... by the_other_one · · Score: 3, Funny

    It was a typo.
    They misspelled bye
    .

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    134340: I am not a number. I am a free planet!