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SCO's Biggest Investor Admits It Loves IP Lawsuits

Posted by timothy on from the and-even-baystar-isn't-happy-with-sco dept.

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."

5 of 270 comments (clear)

  1. Interesting CNN article as well by edheler · · Score: 5, Informative

    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.

    1. Re:Interesting CNN article as well by DaHat · · Score: 4, Informative

      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.

      --
      Help Brendan pay off his student loans
  2. RBE by Aussie · · Score: 5, Informative

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

  3. going down by Sv-Manowar · · Score: 3, Informative

    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/

    --
    Business Voyeur
  4. Re:Same? by gmack · · Score: 4, Informative

    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.