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Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs
jbell99999 is the first one to submit news that the Royal Bank of Canada is divesting itself of SCO stock. They're selling part of their preferred stock to Baystar, which has already indicated that they want to redeem their shares, and converting the rest to regular stock, which they can presumably sell on the open market. In other SCO news, Versicherung writes "The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce. The cuts come less than a month after the company brought on a new chief financial officer and just before the company ended its second fiscal quarter April 30." See also stories at Eweek and Linuxinsider.com.
Haha!
This is the end
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes...again
Quite appropriate, don't you think?
....is Canadian shareholders are wiser than the US ones?
man those linux people must be real meanies... harming an innocent nice company like sco. ugh.
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It's about damn time... I guess they couldn't keep the air in the stock price any longer.
Man, that's a lot of attorneys out of work!
they should start the layoffs with darl and all those damn lawyers... adaptation of an old joke - what darl mcbride and 1/10 of the sco lawyers at the bottom of the ocean? - a good start.
You can lead a horse to prune juice, but you can't make him drink it. Nor would you want to.
This news has me smilin' like the Enzyte Guy!
www.eFax.com are spammers
The subject says it all (at least to any Candians reading this).
Jason
ProfQuotes
That will teach SCO to screw with Linux!
... that none of those layed off are lawyers?
"The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce."
:)
I guess they are laying of lawyers in Germany then?
Minion to Darl:
".. We've analysed their attack sir, and there is a danger. Should I have your ship standing by?"
3C
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... that MS is going to end up buying SCO. Then MS will probably GPL Unix, drop all the IP suits and end up trying to look like the good guys.
Free Firefox news reader.
1. Stop suing them.
2. Then start selling an actual product.
3. Profit.
I can't wait to see how Laura Didio spins this one as a plus for SCO.
Utah. Shit. I'm still in Utah.
Did Netcraft confirm it? Poor SCO, truly an American icon.
Trolling is a art,
burn, burn (2x)
burn, burn, burn...
open up
now open up
you lied, you faked
you cheated, you changed the stakes
magnet Toss that pie in the sky
unrehearsed, let the bubbles burst
all in all, a three-ring circus
of unity with parody
tragedy or comedy
problably publicity
open up, make room for me
now open up, make room for me
lose myself inside your acchemes
go for the money, honey
not the video screen
be a lying CEO, blah blah blah
go the whole hog be bigger than God
burn SCO Group burn, taking down LindonTown
burn SCO Group burn, down to the ground
burn SCO Group burn, burn Darl McBride burn
take down LindonTown, burn down to the ground
down, into the ground
burn, burn, burn
burn.....
In Santa Cruz, for example, they sliced their tech staff by like 80% or something.
...
And they said that these layoffs were "to help us focus on our core business"
Read the bottom of the "News" item.
"Source: The SCO Group"
That's why it began with: "The SCO Group, Inc. ("SCO") (Nasdaq: SCOX - News), a leading provider of UNIX-based solutions and the owner of the UNIX operating system,....
I almost choked when I read the first line.
Managerial Aptitude Test
Q. Your the captain of a ship commanding 100 sailors. Your carrying valuable cargo you need to sell for the owner of the ship. It appears there is a hole in your ship and water is coming in fast. What's do you do?
A. Find out what's wrong and fix it
B. Tell the sailors to start bailing water and sing something happy while they do it
C. Start looking around for at the other ships pilot since this once hasn't got long
D. Move the Cargo to your personal dingy and set sail
E. Tell everyone "This is not happening, everything is normal, the ship cannot be sinking, we take precautions, you know" and remain calm. (Erik the Viking)
F. Start throwing sailors into the sea until to lighten the load?
Will the last lawyer out of the building please turn off the lights?
How will this affect the release schedule for the next minor versions of the Linux 2.4 and 2.6 kernels? I've been anticipating Linux 2.6 settling down a bit before I switch and this news of SCO reducing it's tech staff by such a huge amount causes me to question investing so much of my time and energy into upgrading.
If SCO ceases to exist, will Linux still be available!? Will they open source the code so that a group of volunteers can saddle up and take the reins from this dedicated staff of SCO developers who have put so much time and effort into making Linux the great operating system that it is? Inquiring minds want to know the answers to these questions damnit.
as apparently Mr. Burns is running SCO and has a whole team of Homer Simpsons working for him. :)
Remember, Slashdot does not have a -1 disagree moderation, and no, troll, flamebait, and overrated are not substitutes.
Stock goes up => Big Bonus
Stock goes down => We get your liver
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
You're also one of those people who wrote the assembly instructions for my bunk bed, and my 1040 form.
If the amount on line C is non-zero and greater than the amount on line B subtract the amount on line A from line D and write on line E.
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It's the end of my comment as I know it and I feel fine.
They need to get rid of that senior management that thought of this stupid scheme
Unfortunately, they can't lay Ballmer off...
* And remember, it's spelled N-e-t-s-c-a-p-e, but it's pronounced "Mozilla."
"I think this is great for SCO - RBC decided that it loved them so much, that it chose to convert 10,000 of its' A-1 shares to common stock, at over TWICE the market rate! How much more of a vote of confidence can you get?
"Their total relinquishment of any controlling interest in SCO is a full ringing endorsement of the current SCO management and business direction.
"Combine this with the fact that the balance of their A-1 shares went to Baystar, a company that has come out in full support of SCO's legal case, means that this is all good news!"
</voice>
I feel dirty now.
Well, yeah! With credentials like those, how could SCO refuse to hire him?
Alternatively, you could have watched lots of Bugs Bunny as a child, which is how I know that song.
In the law there is no overlap between theft and copyright infringement whatsoever.
Wonder if their webmaster's making fun of them. In addition the funny image, of course netcraft confirms baystar's running BSD. Does that mean they're dead?
In A.D. 2003
....
War was beginning
Darl: What happen?
Blake: Somebody set up us the DDOS.
Mark: We get signal.
Darl: What!
Blake: Main screen turn on.
Darl: It's You!!
Linus: How are you gentlemen!!
Linus: All your IP are belong to us.
Linus: You are on the way to destruction.
Darl: What you say!!
Linus: You have no chance to survive make your time.
Linus: Ha Ha Ha Ha
Darl: Take off every 'IP claim'!!
Blake: You know what you doing.
Darl: Move 'IP claim'.
Darl: For great injustice.
Help save the critically endangered Blue Iguana
Americans have long thought they are smarter than Canadians because they have all sorts of things like numerous wars, less than five per cent of their original forest, and the Disney corporation.
Coincidentally, Canadians have long thought that they are smarter for the same reason.
(Apologies to Douglas Adams.)
is the pitter patter of tiny feet. The rats (investors) are abandoning a sinking ship. It will soon turn into a stampede.
Enjoy the show!
Professional Politicians are not the solution, they ARE the problem.
It seems that RBC's investment motto is "Buy high, sell low". Just like Baystar's investment strategy, it seems upside down!