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SCO Shares Plunge, Canopy Management Change

Posted by samzenpus on from the that's-a-shame dept.

bretberger writes "Shares in Utah's SCO Group went into a tailspin late Tuesday as news spread of both deepening losses and an apparent coup at the software company's corporate parent, the Canopy Group."

6 of 400 comments (clear)

  1. SCO Insider Trades by Anonymous Coward · · Score: 5, Informative
    Here it is- the regular SCOX insider trades report! Sell, sell, sell- even while it was going up.

    12/07/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $45,870.00

    12/07/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 6,100 Open Market Sale proceeds of $28,745.00

    12/01/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 15,000 Open Market Sale proceeds of $61,767.00

    11/30/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 70,500 Open Market Sale proceeds of $273,550.00

    11/24/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 60,000 Open Market Sale proceeds of $216,181.50

    11/22/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 37,500 Open Market Sale proceeds of $131,250.00

    11/19/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $35,000.00

    11/17/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 10,000 Open Market Sale proceeds of $35,465.00

    11/08/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 100,000 Open Market Sale proceeds of $372,615.00

    11/05/04 BAYSTAR CAPITAL II L P Beneficial Owner of more than 10% of a Class of Security 22,000 Open Market Sale proceeds of $80,900.00

  2. Re:WOW! Now it's cheap! by pclminion · · Score: 4, Informative
    This isn't funny, it's lame.

    Anybody who "bought low" today (around 10:00 AM) and sold at market close made a cool 14%. The price started its correction near the market close, and will probably return to close to its Monday levels.

    I mean dude, look at the charts. Notice the volume spike at around 10:00 AM. It was this sudden accumulation move that caused the prices to turn back around. The whole game is purely psychological. Today was certainly a good day to buy SCOX.

  3. don't forget... by ecalkin · · Score: 5, Informative

    The state of California putting an end to sneakwrap EULAs!

    eric

  4. Re:How will this affect Trolltech ??? by mcc · · Score: 5, Informative

    Canopy's investment in Trolltech is absolutely tiny. As far as I am aware nothing that could possibly happen to Canopy would affect Trolltech at all.

    --
    Irritable, left-wing and possibly humorous bumper stickers and t-shirts
  5. Re:News? by bckrispi · · Score: 4, Informative

    Reading the article, It looks like the "cap" just means that $31 mil will be the most Boies & co. can charge when this fiasco is finished. This was in exchange for more lucrative terms should SCO win a settlement/be bought out. It doesn't mean "as soon as we spend $31 million, we're dropping the suit".

    --
    Xenon, where's my money? -Borno
  6. Re:"Plunged?" by Megane · · Score: 4, Informative
    I'd hardly call a drop of 7.5% a "plunge."

    Especially when the stock was 25% lower less than two months ago.

    I do have to thank SCOX for one thing, though. They got one of the Groklaw readers to pester UCal for a copy of the secret AT&T/BSD agreement under a Freedom of Information request. As it turns out, there wasn't any thing scary in there after all.

    --
    #naabhaprzrag, #sverubfr-000, #agi-fcbafberq, negvpyr[pynff*=' negvpyr-ary-'] { qvfcynl: abar !vzcbegnag; }