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

Posted by ryuzaki0 on 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.

5 of 585 comments (clear)

  1. Ding Dong... by Esion+Modnar · · Score: 0, Redundant

    ...the witch is (almost) dead, the evil witch is (almost) dead. Heh.

    --

    They say the first thing to go is your penis. Well, it's either that or your brain. I forget which...
  2. Re:Bre-X by MarkGriz · · Score: 0, Redundant

    +1, Insighful.
    (Damn...just wasted my mod points on some useless crap)

    OT, but there's an interesting episode of "Masterminds" running on CourtTV which gives the details on the Bre-X story. Pretty damn clever.

    --
    Beauty is in the eye of the beerholder.
  3. Re:Bre-X by mini+me · · Score: 0, Redundant

    As long as the point is made, who cares how it's spelt?

  4. Re:Thank "The Doors.".. by Anonymous Coward · · Score: 0, Redundant

    SOMEONE SHOULD ACTUALLY RECORD THIS!

    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

    AND SEND DARL A COPY!

  5. Re:Even Better... by nlindstrom · · Score: 0, Redundant

    Mod the parent up! Great stuff!