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BayStar Interviewed Regarding SCO Investment
Gonzo_Warrior writes "BayStar's managing partner explains what led him to 'ask' SCO for their money back. In this article, Lawrence Goldfarb describes '...the wayward corporate behavior on SCO's part' that led him to reevaluate BayStar's position. In a letter to SCO last week, BayStar claimed that '...SCO's behavior violated provisions of the investment agreement and that BayStar's convertible preferred stock be redeemed.' The article notes that since its founding in 1998, BayStar has never before asked a company for its money back." CNet has a story based on talking to a BayStar spokesdrone.
All the way back to 1998, a whole six years ago. Now there's history for you. Almost dynastic in its scope..
Cheers,
Ian
"SCO's management, he said, was traveling too much and spending too much when it should have been concentrating its efforts and resources on its legal strategy."
nice. money for nothin, but does he get the chicks for free?
The SCO website is planning a different legal strategy.
...A court hearing most likely.
The Large Button on top of their page is advertising "SCO Forum 2004 *The power of Unix*" On the bottom of the button it says:
Register Early and WIN!
What do you win?
Offtopic but.... Link on SCO's home page: "Why SCO could Win: Week Two. -- eWeek.com." However, if you actually click on it the article title on eweek is "Why SCO Thinks It Can Win"??
Before 1998 there wasn't Google, MySql, iMac, Seti@Home, Microsoft Access and well... Microsoft Windows 98. :)
Look here for more.
Well, you know what they say, "easy scome, easy sco."
Dogma - "let's just say we'd like to avoid any empirical entanglements."
Cleanly? Baystar are offering a clean execution: SCO run out of money and implode. IBM want SCO hanged, drawn and quartered in public, the dismembered remains sent to the four corners of the land and Darl's head on a spike outside the Tower of London.
IBM are soft.
Real Daleks don't climb stairs - they level the building.
"We understand (BayStar general partner Larry Goldfarb is) disappointed that the stock price has been going downward lately," Stowell said. "We haven't been real excited about that ourselves. But we believe the long-term prospects of the company are good."
Good for me to POOP ON!
"Our funds have never taken part in toxic or death spiral convertible financings of any sort" -BayStar's managing partne
You got your information for free? Mine cost $699!
Real Daleks don't climb stairs - they level the building.
Heh. Look closely at the NYT article again.. Every major company has a hyperlink to their stock market index except for SCO. I'm not sure if it's automatically done by the back end, but it's a funny oversight.
-B
> We all know the type. Slick management type, wearing neatly pressed suits. Reads the type of trade publications that feature head shots of middle and upper managements atop articles full of jargon, but devoid of content. Power lunches. Golf trips. Owns a Lexus. Won't give a lowly programmer type the time of day.
We all know the type. Scruffy employee type, wearing wrinkly shirts that have been sitting in the dryer for 4 days. Reads perl programs full of ASCII art that actually compiles and runs, though devoid of meaning to the MBA. Pizza lunches. Beer hikes. Runs linux. Won't give a snooty manager an honest answer to "How long is it going to take?"
These fools with millions and millions of lines of code to give away somehow didn't get the million dollar bonus we got.
Sheesh, evil *and* a jerk. -- Jade
shouldn't that be sleazy come, easy sco?
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Earth calling D.O.J. Earth to D.O.J. come in please.
You have reached the D.O.J. automated attendant. Please listen closely to the following options and make your choice at any time.
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Perhaps, instead, it was to make room for the CLO (Chief Litigation Officer)... :-D
"soaring adlunar coition"
Point to you, sir.
Why yes, I AM a rocket scientist!
The community should come together and petition SCO and BayStar to keep McBride. It took YEARS after Dan Quayle left office for someone this high quality to come along. Let's not let him get away this easy...
BayStar to SCO: "No, no... Not evil enough..."