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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.

3 of 585 comments (clear)

  1. Yesssss by Animaniac · · Score: 0, Troll

    The beginning of the end! It is indeed the "Year of Linux."

  2. Re:Oh, shut the fuck up by nlindstrom · · Score: 0, Troll
    This thread is rapidly headed down troll-lane, but I'll bite and post one last reply: I fail to see the connection between what a web site says and what I've said on /.

    You've just proven your idiocy again. Congratulations!

    Now go away or I shall taunt you a second time!

  3. Re:Thank "The Doors.".. by ChaoticLimbs · · Score: 0, Troll

    This is exactly the attitude more people need. Too many people are unforgiving or intolerant of my side-job, which I need to do in order to feed my family.
    I run a small brothel tourism service for people visiting southeast Asia. So many people hate this, but somebody has to, and I need the money. I NEVER take more than 40% for myself so I can keep the take cheap and attract new customers from the states. I get quite a bit of hell- but if my girls weren't prostitutes for 40 dollars US per week, they'd be making sneakers for 10 dollars a week. Most of my employees couldn't work for Nike anymore since they require all their employees to be at least 14. This created a huge local burst in unemployment and had lead to some malnutrition related problems.
    I wouldn't have to do it if Bush wasn't so damn foolish leading the economy to hell.
    But somebody has to be entrepreneurial in this day and age, and the local girls are good at what they do, but everything needs effective marketing. These telemarketers got a bum rap. Not all people who recieve these calls refuse the products offered. It's a viable way of getting the word out about your products.