Slashdot Mirror

← Back to Stories (view on slashdot.org)

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."

19 of 400 comments (clear)

  1. Good news by Anonymous Coward · · Score: 5, Funny

    Lots of good news before XMas. Best christmas present if you ask me. No software patents in EU, Microsoft fined and SCO stock down. What more can one ask?

  2. News? by neoform · · Score: 5, Funny

    Is this really news, who here actually thought SCO was gonna win? really though..

    --
    MABASPLOOM!
    1. Re:News? by grub · · Score: 5, Funny


      Yeah, exactly. And when Laura DiDio said: "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle." I was thinking "Settle for what? Not having IBM kick their collective asses into orbit around the sun?" I don't think they're in much of a position to try bargaining.

      --
      Trolling is a art,
    2. Re:News? by tdemark · · Score: 5, Funny

      IBM Laywer: I'm thinking of a number. I'll write it down on a piece of paper.
      SCO Lawyer: OK

      The IBM lawyer grabs a pen a scribbles on a sheet of paper, folds the paper in half, and slides it across the table. The SCO lawyer reaches, picks up the paper, unfolds it, and sees this:

      ----------------
      | |
      | _ |
      | / \ |
      | / \ |
      | | | |
      | | | |
      | \ / |
      | \_/ |
      | |
      |______________|

      IBM Laywer: Do we have an agreement?

      - Tony

    3. Re:News? by SoSueMe · · Score: 5, Insightful

      Is this not the same Laura DiDio who has been so reviled by Slashdot in the past as being less than tech-savvy and a mouth-piece for corporations?

      Each of these claims have had some merit as well as critisism of the Yankee Group reports.

      Are they another firm that waits until the writing on the wall is written in neon and suddenly pipe up with a resounding "Me too!"

  3. Microsoft will be the white Knight by maddu · · Score: 5, Insightful

    Who wants to bet that before long Microsoft will march in as White Knight and have proxy control over SCO. Hell, it already controls it indirectly!

  4. The new Canopy CEO is... by schon · · Score: 5, Funny

    ... Colonel Mustard, in the boardroom, with a letter opener.

  5. WHY?? by burbankmarc · · Score: 5, Funny

    Now how are people going to get their license for Linux?!

  6. Settling? by DeathFlame · · Score: 5, Insightful
    "The fate of SCO is one of the big question marks. New management at Canopy . . . may push [SCO] to try and settle."

    Settle? Does anyone see IBM settling? Why would they when they will win.

  7. 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

  8. Re:WOW! Now it's cheap! by rzebram · · Score: 5, Funny

    1,000 SCO shares.. The perfect gift for your in-laws for Christmas!

  9. Sucker! by Darth+McBride · · Score: 5, Funny

    Attorney David Boies of New York agreed to cap the overall cost of SCO's lawsuits to $31 million in return for a bigger piece - 33 percent, instead of 20 percent - of any settlements.

    Dear David,

    We ran out of money, but we will give you an even bigger slice of nothing.

    Love,
    Darl

  10. Re:but the real question is... by tha_mink · · Score: 5, Funny

    SCO is a software company??? All this time I thought they were just a legal firm...just me?

    --
    You'll have that sometimes...
  11. we can't let this happen by pyrrho · · Score: 5, Funny

    I don't have time to learn a new villian.

    --

    -pyrrho

  12. Rumor Has it... by marcushnk · · Score: 5, Interesting


    That Mustard is a bit of a hatchet man. (walks into a sinking ship and throws so many people overboard that its starts floating.. then points that barely floating ship back in a direction that will assure the safety of whomever is left)
    Couple that with the CFO's leaving and the REALLY piss poor financials that were released yesterday.. I reckon we're about to see the end of this whole saga.

    --
    "Consider how lucky you are that life has been good to you so far. Alternatively, if life hasn't been good to you so far
  13. don't forget... by ecalkin · · Score: 5, Informative

    The state of California putting an end to sneakwrap EULAs!

    eric

  14. 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
  15. I can think of one! by pragone · · Score: 5, Funny

    To get laid???

  16. Neither Novell, nor Microsoft by RickBlaine · · Score: 5, Insightful
    There is absolutely zero upside for Novell in buying SCOX. And absolutely zero downside for not buying SCOX. SCOX is shooting blanks (header files????) on the legal front. And Novell already has linux street cred for 1. buying SuSE, 2. Sending a "STFU" letter to SCOX re the IBM suit and 3. pretty much shutting SCOX down in the "slander of title" suit.

    You don't get street cred for rewarding extortion. Look at where SCOX was before they pulled this BS. About a buck a share. And SCOX has diluted shareholder value (in other words, printed and sold more stock) since then. Let's see: option 1. Pay more than 4x the original value of the company for an extortion threat or 2. let SCOX die a slow, painful and public death for being idiots. Anyone thinking of getting good PR by preventing this company from publicly bleeding to death from its self inflicted gut-shot is stupid. Paying off extortionists is *always* bad PR.

    -Blaine