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BayStar Interviewed Regarding SCO Investment

Posted by ryuzaki0 on from the crimping-their-style dept.

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.

4 of 277 comments (clear)

  1. Since 1998 eh? by mccalli · · Score: 5, Funny
    The article notes that since its founding in 1998, BayStar has never before asked a company for its money back.

    All the way back to 1998, a whole six years ago. Now there's history for you. Almost dynastic in its scope..

    Cheers,
    Ian

  2. Anyone else notice by Pisco · · Score: 5, Funny

    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"??

  3. Re:Baystar may want to fire Darl by meringuoid · · Score: 5, Funny
    Baystar may finally be the one's to shut old SCO's mouth for us so that IBM can finish the execution cleanly

    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.
  4. Re: What a bunch of morons at Baystar by Black+Parrot · · Score: 5, Funny


    > 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