SCO's Biggest Investor Admits It Loves IP Lawsuits

Roblimo writes "A Baystar Capital spokesperson has finally admitted, directly and on the record to NewsForge reporter Chris Preimesberger, that they believe SCO's only viable asset is the potential proceeds of lawsuits against Linux users and vendors. 'We're looking for the best return we can, and we think the focus should be on IP licensing (and enforcement),' said BayStar spokesman Bob McGrath."

Comments

Interesting CNN article as well

[edheler]

CNN is carrying a story about one of the new investors in SCO, BayStar Capital Management, which wants SCO to "shake up its management and sharpen its focus on the potentially lucrative legal fight" and "spend less money on its Unix products." One has to wonder what BayStar is expecting as a reaction to their being so... blunt.

Re:Interesting CNN article as well

[DaHat]

I saw that CNN story yesterday and was shocked that it hadn't appeared on Slashdot yet. I was even more surprised to see Groklaw talking about that news since Thursday.

There is a key aspect of this Slashdot story... BayStar has asked for its money back unless SCO fixes a few things, including its management. That's they key here I think, when BayStar gets nervous with how SCO is proceeding and they want things to change or else.

Here's hoping Darl gets ousted.

RBE

[Aussie]

Isn't RBE in for 30 million. thats more than Baystar.
How can Baystar be the "biggest investor" ?

going down

[Sv-Manowar]

April 21, 2004: SCO hires BertYoung as chief financial officer to replace RobertBench. Young's previous experience includes stints as CFO and COO of dot-bomb archetype marchFIRST. Obviously need a financial officer who will get them out of the trouble they have got themselves into Read more - http://sco.iwethey.org/

Going for a new record?

[juuri]

Did you even read the first four or five words of the story summary before posting?

Re:Same?

[gmack]

Baystar chipped in $20 Million and RBC chipped in $30 million.

PS. As for the pan handler a good location can make them $30+ an hour on a good day here in Montreal And that's tax free. Don't feel sorry for his/her lack of income.. feel sorry about whatever addiction it's all blown on.

No, that's just America.

[Moderation abuser]

Did you know that America has far far more lawyers per 100,000 of the population than any other country in the world with something around 300 per 100,000. That number is increasing.

I think Britain is second with somewhere around 90 per 100,000.

Re:Grammar nazi

[WatchMaster]

The use of collective nouns as singular or plural depends on the country, just like spelling. In British english collective nouns are often considered plural, referring to the plurality of employees represented by BayStar.

David Boies: The ultimate frivolous lawsuit

[Anonymous Coward]

David Boies. The ultimate crooked shyster, who took frivolous lawsuits as high as they can go: he lied in the courtroom to try to get the election rules changed after the fact in order to try to cook the election to have the guy who lost become President. He failed...thankfully....

Let's count every Buchanan vote as a Gore vote. The ballots submitted that had no votes on them? Count them as Gore votes too!.

Re:Business is All About Money

[danila]

Sometimes you have owners who care about the business (ad in product and customers) first and about the money second. As long as they can keep the company profitable, they can continue to do things as they like. Only public companies where a large fraction of shares is traded on open markets are forced to make money at all costs.

BayStar boycott list

[Openstandards.net]

Companies to include your in boycott list