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BayStar Cashes Out of SCO Stock
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."
Down about 10% today
The place: an undisclosed boardroom. The participants: SCO and IBM IBM Executive: We have some startling news. SCO Executive: Haha, would you like to settle now or later? IBM Executive: Yeah, you wish. No, we just wanted to let you know that we've just fired all of our legal counsel. SCO Executive: Are you serious? Yes! We win! IBM Executive: Sort of. (an underling hurries in) IBM Executive: Is it complete? Underling: Fifty-one percent, sir. (SCO Executive looks puzzled) IBM Executive: Given that your stock costs six cents a share, we figured it would be a whole lot cheaper to just buy a controlling interest. SCO Executive: But.. but... IBM Executive: So, as your new majority shareholders, we think it's time for some changes in the board. In fact, you're all fired.
---- Hardware: the portion of a computer system that can be kicked.
Yeah, I DARE you to try to DDOS my webpage at 127.0.0.1.
Ah hell. You gripe about spam and yey, I just checked your link. It looks like you stole my site. I do not like the idea of rewarding theves either.
I prefer the "u" in honour as it seems to be missing these days.