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BayStar Sets Lawyers on SCO
myster0n writes "According to The Register: 'SCO's attempts to rescue its relationship with BayStar, its biggest backer, have come to naught. On Friday morning, Eastern time, SCO announced that the stock buyback deal it agreed with the unhappy investor had closed. Two hours and five minutes later, Baystar issued a statement saying that a) no it hadn't and b) we'll see you in court, matey.'" Thanks to The Reg for the write-up.
Looks like SCO is about to finally see the damage they cause when they burn bridges via litigation. The less "business partners" SCO has, the shorter their life expectancy, which doesn't seem to consist of more than suing everybody, will be.
It would be cool if it didn't suck.
It is not OK just to copy and paste the article text in your article submission. You can say something like 'The Register writes " ..."' but you can't just take credit for it. And come on, Hemos, can't you RTFA before you post it?
You've got to wonder how much longer they can stand this abuse.
Looking at their quarterly income and cash flow statements, one can only draw one conclusion; SCO will be out of cash in roughly three to four quarters without a significant cash injection from an interested party.
Their stock price sucks, their product sucks, their management sucks, and they have NO customer good will. They have no prospects for income and roughly $60M in cash. At $12M+ losses per quarter, they will barely make it to the close of FY05.
I would hate to work there.
"Rocky Rococo, at your cervix!"
BayStar ABSOLUTELY MUST do this! Otherwise, IBM and the others will be able to get the information about the link to Microsoft (read the Halloween Memos if you don't know what I'm talking about). They ONLY way to keep that information secret (and protect Bill) is to get it wrapped up in a lawsuit with "confidential" terms and a confidentiality agreement.
This has NOTHING to do with getting back the money they were instructed to channel to SCO.
So while we are all sitting around laughing at SCOX Baystar is definitely pulling a fast one to COVER THEIR investor's ASS(ETS).
What if SCO is right?
Well, as that's one of the signs of the Apocalypse, I think we'll all have bigger things to worry about.
Seriously - wondering "what if SCO is right?" is like wondering "what will I do if monkeys fly out of my butt?" After all, you've never had monkeys fly out of your butt before, so therefore the longer you go without having monkeys fly out of your butt, the greater the chance that they eventually will, right?
the length this has drawn out does make one wonder.
The length of time is simply a demonstration of how long someone can game the system. Why not simply ask "why has this drawn out so long, and SCO has yet to produce a single shred of evidence to support their claims?"