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SCO Wants to License Europe
MacEnvy writes "It looks like SCO isn't letting up - they've decided to expand their war on Linux to other countries. According to Internet Week, the company will be offering its Intellectual Property License in the UK and other European countries starting February 1. Whether Europeans will buy the licenses has yet to be seen." Motley Fool has chipped in on SCO's chances.
The BBC has the news as the lead article under the Techology section, which means it's linked off the front page. It's largely a "state of play" article, but does makes the point that SCO has already tried this in the US and had few takers and is yet to sue. Doesn't take much reading between the lines to see they are saying "don't bother paying", without compromising their neutrality... ;)
UNIX? They're not even circumcised! Savages!
Scox sold baystar/rbc 2.9 million shares at $16.93 a share. If the share price drops $1 a share to $15.93, then scox got $1 more per share, than the shares are worth. Scox made $1 per share, or $2.9 million.
I guess.
The only way Nasdaq will begin delisting procedures is if a stock has traded for under $1 a share for 30 days. This post explains more about how this process works. There are things a company can do to prevent delisting, but for the most part it is inevitable for stocks that trade at $1 a share long term.