Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs

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Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs

Posted by ryuzaki0 on Friday May 7, 2004 @08:31AM from the so-long-and-thanks-for-all-the-lawsuits dept.

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.

33 of 585 comments (clear)

Oblig. Simpsons Quote by Big+Toe · 2004-05-07 08:32 · Score: 4, Funny

Haha!
Thank "The Doors.".. by pegr · 2004-05-07 08:32 · Score: 4, Funny

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?
1. Re:Thank "The Doors.".. by daeley · 2004-05-07 08:44 · Score: 5, Funny
  
  People are strange when you're Darl McBride
  Linux looks ugly when you're alone
  IBM seems wicked when you've just sued them
  Wall Street is uneven when your stock is down
  
  When you're Darl
  Lawyers come out of the rain
  When you're Darl
  No one won't curse your name
  When you're Darl
  When you're Darl
  When you're Darl
  
  --
  I watched C-beams glitter in the dark near the Tannhauser gate.
2. Re:Thank "The Doors.".. by Anonymous Coward · 2004-05-07 09:13 · Score: 5, Funny
  
  You know that it would be untrue
  You know that I would be a liar
  If I was to say to you
  Torvalds is a thief and a liar
  
  Gotta stop Linux or I'm fired
  Gotta stop Linux or I'm fired
  Try to set the source on fire
  
  The time to litigate is through
  No time to wallow in the mire
  Try now we can only lose
  And our company become a funeral pyre
  
  Gotta stop Linux or I'm fired
  Gotta stop Linux or I'm fired
  Try to set the source on fire, yeah
  
  The time to litigate is through
  No time to wallow in the mire
  Try now we can only lose
  And our company become a funeral pyre
  
  Gotta stop Linux or I'm fired
  Gotta stop Linux or I'm fired
  Try to set the source on fire, yeah
  
  You know that it would be untrue
  You know that I would be a liar
  If I was to say to you
  Girl, our lawyers couldn't get much higher
  
  Gotta stop Linux or I'm fired
  Gotta stop Linux or I'm fired
  Try to set the source on fire
  Try to set the source on fire
  Try to set the source on fire
  Try to set the source on fire
  Try to set the source on fire
So the moral of this story.... by LordPhantom · 2004-05-07 08:32 · Score: 5, Funny

....is Canadian shareholders are wiser than the US ones?
1. Re:So the moral of this story.... by slam+smith · 2004-05-07 09:39 · Score: 4, Funny
  
  Well if you look at it in another way.
  
  Canadian investment in SCO - 30 million
  American investment in SCO - 20 million
  
  Canadian Population ~ 30 million
  American Population ~ 300 million
  
  So on a per capita basis Canadians are 15 times more responsible for the SCO mess
  
  :-)
  
  --
  My Weblog
who? by name773 · 2004-05-07 08:33 · Score: 3, Funny

man those linux people must be real meanies... harming an innocent nice company like sco. ugh.
10%? by Anonymous Coward · 2004-05-07 08:33 · Score: 4, Funny

As Chairman Mao says, "the journey of a thousand li begins with one step."
--------
Free mobile porn
1. Re:10%? by artwells · 2004-05-07 08:53 · Score: 5, Funny
  
  How do you say "off a short pier" in Chinese?
10 Percent of their workforce! by Anonymous Coward · 2004-05-07 08:33 · Score: 5, Funny

Man, that's a lot of attorneys out of work!
1. Re:10 Percent of their workforce! by Anonymous Coward · 2004-05-07 09:02 · Score: 3, Funny
  
  No, no - you've got it wrong. No attoneys were fired.
  
  I think their workforce USED to be 90% attorneys.
  
  With 100% attorneys, they're a prime example of the new breed of IT company. The IT industry used to be heavy on the technical side, but the new trend is to be heavy on the (protection of) information side.
  
  (the above is meant to be funny)
Smilin' like the Enzyte Guy by wowbagger · 2004-05-07 08:34 · Score: 4, Funny

This news has me smilin' like the Enzyte Guy!

--
www.eFax.com are spammers
Bre-X by Jason1729 · 2004-05-07 08:34 · Score: 4, Funny

The subject says it all (at least to any Candians reading this).

Jason
ProfQuotes
1. Re:Bre-X by Eggplant62 · 2004-05-07 08:57 · Score: 3, Funny
  
  You got it. Being a Canadian myself I would like to bask in the glory of us as a whole being smarter, better, more educated, more richeous etc., but...
  
  unfortunately, we can't spell for shit.
2. Re:Bre-X by MikeCapone · 2004-05-07 09:49 · Score: 4, Funny
  
  unfortunately, we can't spell for shit.
  
  At least we can do that in more than one language!
  
  --
  Treehugger? Treehugger... Treehugger!
What do you bet... by Anonymous Coward · 2004-05-07 08:35 · Score: 4, Funny

... that none of those layed off are lawyers?
Lay-offs abroad? by BuddieFox · 2004-05-07 08:36 · Score: 3, Funny

"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? :)
Oblig. Star Wars reference by 3Cats · 2004-05-07 08:39 · Score: 5, Funny

Minion to Darl:

".. We've analysed their attack sir, and there is a danger. Should I have your ship standing by?"

3C
1. Re:Oblig. Star Wars reference by space_biker · 2004-05-07 09:07 · Score: 4, Funny
  
  What!!!! In our moment of Triumph!!!!
SCO Imitates Art by yorgasor · 2004-05-07 08:40 · Score: 5, Funny

I came across this old Calvin and Hobbes strip and wondered if this is how SCO's planning meeting went

--
Looking for a computer support specialist for your small business? Check out
1. Re:SCO Imitates Art by daeley · 2004-05-07 08:58 · Score: 4, Funny
  
  Even their stupid business plans have prior art.
  
  --
  I watched C-beams glitter in the dark near the Tannhauser gate.
I can't help feeling... by Phidoux · 2004-05-07 08:42 · Score: 5, Funny

... 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.
To get more customers by Salo2112 · 2004-05-07 08:42 · Score: 5, Funny

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.
Reminds me of Apocalypse now... by freeze128 · 2004-05-07 08:44 · Score: 3, Funny

Utah. Shit. I'm still in Utah.
Re:Where have you been? by SoSueMe · 2004-05-07 08:57 · Score: 5, Funny

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.
Gotta Love Layoff Logic by PetoskeyGuy · 2004-05-07 08:58 · Score: 5, Funny

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?
Final request by gearmonger · 2004-05-07 09:02 · Score: 4, Funny

Will the last lawyer out of the building please turn off the lights?
Re:Where have you been? by AKnightCowboy · 2004-05-07 09:07 · Score: 5, Funny

In Santa Cruz, for example, they sliced their tech staff by like 80% or something.
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.
Of course, The Simpsons reference is valid by Orion+Blastar · 2004-05-07 09:12 · Score: 5, Funny

as apparently Mr. Burns is running SCO and has a whole team of Homer Simpsons working for him. :)

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Remember, Slashdot does not have a -1 disagree moderation, and no, troll, flamebait, and overrated are not substitutes.
Risk vs Reward by Greyfox · 2004-05-07 09:30 · Score: 3, Funny

Too bad Darl probably won't suffer too badly for driving the company into the ground like this. The risk/reward of being a CEO should be more along the lines of:
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?
Re:A bad thing? by PsiPsiStar · 2004-05-07 09:40 · Score: 3, Funny

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.

--

___
It's the end of my comment as I know it and I feel fine.
BayStar webmaster think strategy's upside down. by ron_ivi · 2004-05-07 09:57 · Score: 4, Funny

I find it quite amusng that the strategy page of the baystar website is some upside down guys (looks like his head is in the sand) with the caption "look beyond".
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?
Even Better... by Anonymous Coward · 2004-05-07 10:04 · Score: 5, Funny

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.