Baystar Confirms Microsoft Behind SCO Investment

Posted by ryuzaki0 on Thursday March 11, 2004 @03:55AM from the peeling-the-onion dept.

Bruce Perens writes "Business Week has confirmed that Microsoft arranged the Baystar investment in SCO. A managing partner of Baystar says the call wasn't from Gates or Ballmer. But it wouldn't have to be, would it? Obviously, there's more investigation to do." Reader skreuzer writes "Yahoo Finance is reporting that SCO announced that the company's board of directors has authorized management, in its discretion, to purchase up to 1.5 million shares of SCO's common stock over the next 24 months. SCO has approximately 14.4 million shares of common stock issued and outstanding. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes." Newsforge (which is also part of OSDN) is also following the story.

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SCO by robnauta · 2004-03-11 04:12 · Score: 0, Redundant

A SCO article. So almost all the replies will be lame SCO/Linux jokes.
SCOX down 2.6% for Thursday by Animats · 2004-03-11 09:20 · Score: 0, Redundant

SCOX closed at $9.25, down 2.7% for the day. SCOX began the week around $12, so it's down more than 20% so far this week.
The stock hasn't had a real up week since December of 2003.