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Australian Firm Asks SCO To Detail Evidence

Posted by timothy on from the intellectual-eye-pee dept.

An anonymous reader submits A Perth, Western Australian company called CyberKnights has told SCO ANZ's MD to detail its IP claims or face legal action for fraud. SCO has just released licenses for Australasia and claims enquiries by several companies already."

3 of 488 comments (clear)

  1. Re:criminals by Fnkmaster · · Score: 5, Insightful
    Yes, in theory they have probably broken several laws. In practice, it is VERY difficult to prove that they weren't just trying to maximize shareholder value and make the most of their interpretation of the intellectual property they think they own. Unfortunately, being stupid and being wrong aren't themselves crimes, and showing that they knowingly and intentionally violated securities regulations (a la pump and dump), or purgered themselves in court or something that could lead to federal pound-me-in-the-ass prison is very difficult. Witness the Enron case - only by securing cooperation and testimony from some mid- to high- level poeple are they able to make a case that the top level folks were anything other than tremendously stupid and misled.


    That being said, our high standards of evidence are something we should be proud of. I just think that the stupidity/ignorance defense should be done away with at a corporate executive/director level. We need the equivalent of Sarbannes-Oxley for ALL corporate behavior, not just the financials, since there are other kinds of corporate fraud damaging the economy and the public trust in America, beyond misleading 10K submissions.

  2. Re:But.. by iminplaya · · Score: 5, Insightful

    Just think of the stock market as a giant slot machine where you need a broker to pull the handle. Pure unadulturated greed is what keeps it alive. Investing in SCO is a excelent example of this greed. Gotta make a gazillion buckaroos before the end of the day. Like all gambling addicts, the invester is probably trying to recoup their losses from other investments. I'm sure some will make out very nicely.

    --
    What?
  3. Proof of lawerying industry weighing america down by 3cents · · Score: 5, Insightful

    As Americans sit and watch other countries do what we should have done 4 months ago, I can only shake my head in dismay at all the money we throw at lawyers to settle something that any moron could figure out.

    This isn't Roe v. Wade, it's a simple verification of the code, no ethical delimas to deal with here.