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SCO Possibly Delisted from NASDAQ
canfirman writes "Reuters is reporting that SCO could be delisted from the NASDAQ because "it has not filed its annual 10-K report with the SEC". The company claims it's because "it is examining matters related to stock issued as part of its compensation plans". SCO Stock is sitting at $4.30 at opening today. It'll be interesing to see where it goes from here."
SCO Lawyer: Ladies and gentlemen of this supposed jury, I have one final thing I want you to consider: Ladies and gentlemen, this is Chewbacca. Chewbacca is a Wookiee from the planet Kashyyyk...
Judge: Wait a minute! I'm not going to let you use the Chewbacca defense. This is a carny-like head game from the television show South Park.
SCO Lawyer: But Chewbacca lives on the planet Endor. Now, think about that. That does not make sense! Why would a Wookiee--an eight foot tall Wookiee--want to live on Endor with a bunch of two foot tall Ewoks? That does not make sense! But more important, you have to ask yourself, what does this have to do with this case? Nothing. Ladies and gentlemen, it has nothing to do with this case! It does not make sense! "Look at me, I'm a lawyer defending SCO, and I'm talkin' about Chewbacca. Does that make sense? Ladies and gentlemen, I am not making any sense. None of this makes sense! And so you have to remember, when you're in that jury room deliberating and conjugating the Emancipation Proclamation... does it make sense? No! Ladies and gentlemen of this supposed jury, it does not make sense. If Chewbacca lives on Endor, IBM must have stolen our code we GPL'ed and put on our public FTP site. [pulling a monkey out of his pocket] Here, look at the monkey. Look at the silly monkey! [Judge's head explodes]
- Just my $0.02, take with a grain of salt, your mileage may vary.
SCO is dying...
In the USA, we like stuff watered down, like beer, television, and freedom.
While I'm no fan of SCO, particularly after their get-rich-quick plan to sue IBM and license code-which-may-or-may-not-be in Linux, this whole story seems little more than gloating and hardly worthy of a /. post. Is the news that slow today?
A feeling of having made the same mistake before: Deja Foobar
Down... down... down... down... and... down... down... down... ;P
-"...bad old ideas look confusingly fresh when they are packaged as technology" - Jaron Lanier (Digital Maoism on Edge.o
It got slashdotted real quick.
... when you don't fill your TPS Report.
Since SCO has stocks issued to the public, aren't they required to fill out the proper paperwork? How does one who own SCO stock supposed to sell his stock? Can they do this w/o getting sued by their share holders?
I mod down so you can mod up. Your welcome.
The witch is dead the wicked witch is dead! OK, now I have to work...
"I am a patient boy. I wait I wait I wait. My time is water down the drain..." Fugazi
SCO Stock is sitting at $4.30 at opening today. It'll be interesing to see where it goes from here.
It will go up. Where else would it go? Afterall they own linux code. And very soon every linux user will be paying them $699 license fees
Which is the only direction it deserves to go.
Maybe this is the first sign that they are going down?
They just don't want people to be able to watch their stock anymore, so they've made this move to change their stock symbol. Security through obscurity, indeed.
Ryan Fenton
Here is the story: http://ca.us.biz.yahoo.com/prnews/050217/lath062_1 .html
-- these are only opinions and they might not be mine.
I'd say a little lower than the local 7-11 parking lot blow job queen
Knock! Knock!
Who's there?
SCO!
SCO who?
Symbol change tomorrow:1 .html
http://ca.us.biz.yahoo.com/prnews/050217/lath062_
Flourescent (adj): smelling like ground wheat.
good luck with the free mac mini... I want to buy one with actual money and it's almost impossible.
...to use the new cover sheet on their 10-K report. Did SCO get that memo?
It'll be interesing to see where it goes from here.
I predict it'll be going downhill....if there's any downhill left, that is.
/\ \o/
\ | <--- Darryl
\^
\
\
An Indian-American Hindu committed to non-violent thought/speech/action alarmed by the global explosion of radical Islam
Just curious for those investment savvy people out there. If you sell short and they get delisted what happens?
/.
I hope I did not just cause Etrade to be
The rules that lead to being delisted are pretty cut-and-dried. However, a company with a solid business plan to rescue themselves will more often than not be given a break and allowed to remain listed while they work things out. Failing to file your 10-K is almost never an "accident". Add to that the fact that SCO really has no business plan beyond lawsuits and I think we'll likely be seeing them de-listed fairly rapidly.
It's simple: I demand prosecution for torture.
Yes, I'm serious.
.nosig
Well, this campaign appears to be winding down. Which evil company should we target next? We should at least be prepared so we're not caught without someone to bash on /.
And don't say Microsoft. That's too easy.
I'm a big tall mofo.
If the nasdaq adds an 'e' to the symbol then SCO will have 30 days to file the 10-k before they are delisted. Also the nasdaq routinely allows companies to extend the 30 day deadline if the company can make a case for why they are late in filing....so while they are likely to get an e I find it unlikely they will allow themselves to be delisted.
Perhaps this is also somewhat applicable:
"This film is nothing but ropes and asses!"
If SCO dies during the trial , where does that leave the whole Linux IP issue ? Not proven ? Wouldn't it be better if they can at least survive until they get totally defeated in court, as a deterrent against other legal attacks ?
No doubt IBM and some other companies would like to own the copyrights to UNIX.... I predict that SCO stock will go up. Afterall now is the time to buy the company!
the wolves at his door
are starting to snarl
this is a sad day
for our dear ol friend darl
We hoped and we prayed
we would see this day come
now the world shall see
suing linux is dumb
The stock on the nasdaq
is being delisted
I hope darls ass
is feeling quite fisted
writing this poem
has been so much fun
under my bosses nose
so I am under the gun
thank you for allowing
my poetic roll
now go ahead and mod me
a useless old troll
Obama is a twitter sock puppet
Which part didn't you understand? The buh? Or the bye?
Just for giggles, notice that Yahoo's notice for SCO Form 8K here says that SCO issued a press release in connection with the notification on February 17, 2005... SCO's "Press release" is only a reissue of the notice itself (as published on PR NewsWire). Keep your eye on the card... Watch the card... {POOF!}
After Enron crashed, their stocks certificates actually became worth more as souvenirs than any possible redemption value (little or none.)
Oh this is bad news indeed. If SCO is delisted and their stock drops below a dollar then the junk faxers currently targeting my office fax machine with junk stock pitches will start sending me notices about the "great opportunity to buy SCO" at 62 cents.
Then I'll have to choose between buying SCO stock and the fake Disney vacation offers.
Oh the horror. Maybe I should just answer the e-mail from the nice Nigerian who wants me to transfer his millions into my bank account, instead.
On the other hand, it's nice to see SCO sinking to an appropriate level in the economic food chain.
TLR
A man no more knows his destiny than a tea leaf knows the history of the East India Company
What? Too Soon?
But seriously, hopefully SCO will die and stay dead!
AC comments get piped to
If their stock keeps sliding, they may be delisted for another reason.
.. not being listed on say NYSE OTOH.
If I'm not mistaken (IANAFE - I am not a finance expert), they have to keep their stock above $1.00 and have a total value of $10,000,000 to remain listed (this may be NYSE rules).
I've seen some companies initiate reverse stock-splits to keep their share price above the threshold. Not being listed on NASDAQ isn't the end of the world
SCO may not be a very popular company, but I don't think they'll end up listed on the pink sheets any time soon.
You, friend, are also a poster.
Reason: Your comment looks too much like ascii art.
To figure out how to get one more pump-and-dump out of the market.
Get your FREE MAC MINI.
1.42GHz, G4, 80gb HD, 256mb ram, ATI Radian 9200, OS X v10.3, TOTALLY FREE
This is the same way thousands of dot-coms went out. Stick a fork in 'em, they're done. SCOXE indeed.
Knowledge is power. Knowledge shared is power multiplied.
It is now official. Netcraft confirms: SCO Unixware is dying
One more crippling bombshell hit the already beleaguered SCO community when IDC confirmed that SCO Unixware market share has dropped yet again, now down to less than a fraction of 1 percent of all servers. Coming on the heels of a recent Netcraft survey which plainly states that SCO has lost more market share, this news serves to reinforce what we've known all along. SCO is collapsing in complete disarray, as fittingly exemplified by failing dead last in the recent Sys Admin comprehensive networking test.
You don't need to be an amazing psychic random number generator to determine SCO's future. The hand writing is on the wall: SCO faces a bleak future. In fact there won't be any future at all for SCO because SCO is dying. Things are looking very bad for SCO. As many of us are already aware, SCO continues to lose market share. Red ink flows like a river of blood.
SCO Unixware is the most endangered of them all, having lost 93% of its core developers. The sudden and unpleasant departures of long time SCO developers Ben Dover and Rod Inasse only serve to underscore the point more clearly. There can no longer be any doubt: SCO is dying.
Let's keep to the facts and look at the numbers.
GNU leader Richard Stallman states that there are 20 users of NetBSD. How many users of OpenBSD are there? Let's see. The number of NetBSD versus OpenBSD posts on Usenet is roughly in ratio of 5 to 1. Therefore there are about 20/5 = 4 OpenBSD users. SCO posts on Usenet are about 1/200,000 of the volume of homoerotic love story posts. Therefore there are about 5 million gay geeks. A recent article put homoerotic geeks at about 80 percent of the SCO market. Therefore there are (40+20+15)/2*(X+i^5) = 37.5 SCO users. This is consistent with the number of SCO Usenet posts.
Due to the troubles of SCO, abysmal sales and so on, SCO went out of business and was taken over by Sun who sell another troubled OS. Now Sun is also dead, its corpse turned over to yet another charnel house.
All major surveys show that SCO has steadily declined in market share. SCO is very sick and its long term survival prospects are very dim. If SCO is to survive at all it will be among OS dilettante dabblers. SCO continues to decay. Nothing short of a miracle could save it at this point in time. For all practical purposes, SCO is dead.
Fact: SCO is dying
zosxavius photography
anyone else notice that under "products and services", SCO lists its court cases?
very funny and depressing at the same time.
SCO's paying their lawyers in stock, which explains their entire strategy: keep the stock price elevated, and cash them in, before they inevitably lose the case and it all collapses. Delisting SCO right away could castrate that strategy, if the lawyers haven't sold any stock yet. Maybe those sharks won't be able to afford to defend themselves from an SEC investigation of that criminal strategy, and get disbarred.
--
make install -not war
bid: 3.88 ask: 3.91 They're not doing so hot today...
If religous zealots don't believe in Evolution, then why are they so worried about bird flu?
Okay, so next up, SCO tries to sue the NASDAQ small cap exchange for their delisting policies.
The current shareholders of SCO sue them for failing to file the necessary paperwork to maintain the listing and thereby affecting their ability to trade the stock.
And I'll be sued for pointing out the obvious demise of this company. Finally.
You are checking your backups, aren't you?
Were it not for /. clearing up the FUD, their stock would probably still be flying high on rampant speculation.
Darryl : "aaarg. And I would have succeeded if it weren't for those pesky slashdotters and their stupid dog!"
Bet this
http://www.nasdaq.com/about/nasdaq_listing_req_fee s.pdf
Listing requirements
$10mil in outstanding equity
750,000 outstanding shares
$1.00 minimum share price
400 shareholders
as well as other requirements for filing such as the form they missed .. triggering the reason for this artical
to a nicer bunch of people.
SCO = Sans Cranium Operating
--- Asking inconvenient questions for over 30 years...
The "10-K" is the backup data behind a company's annual report. It's the single most important disclosure of a company's financial status. The SEC allows 3 months after the close of the fiscal year for a 10-K filing. SCO's year closed at the end of October, and their 10-K was due at the end of January. Late filing of a 10-K or 10-Q (the quarterly report) is considered a major red flag for a stock. When I was following dying dot-coms, a late 10-K or 10-Q was a strong indicator of trouble. Nobody files late because they have unexpectedly good numbers.
SCO filed an NT-12K form with the SEC, asking for a 15-day extension. "The Company currently anticipates that the Form 10-K will be filed by no later than the fifteenth calendar day following the date on which the Form 10-K was due." They missed that date, too.
There has to be something really embarassing in the compensation plan. Really embarassing, if they're willing to risk delisting from the NASDAQ.
Delisting kicks a stock down to the pink sheets. That's where the penny stocks favored by spammers and scammers live.
This is the graph you want to gloat over.
... departures of long time SCO developers Ben Dover
His parent's had a sick sens of humour naming hime like that...
Well let's face it. The whole thing was an extortion scam gone bad. SCO's product was fading and it had to do something. I'm sure McBridge and Co. thought that IBM would simply pay them some hush money and that would be the end of it. I bet they still hope that somehow or other IBM will simply cave and give them some crap license fee.
Sun has faced the same thing with Solaris, and it's solution, I think, is ultimately the more viable. Give the operating system away and sell services. Maybe it won't work, because Sun's coming in awfully late in the game, but at least its more sensible than turning yourself into a company whose sole existence is litigation.
The world's burning. Moped Jesus spotted on I50. Details at 11.
It just got confirmed: SCOX.O will be delisted from the Nasdaq SmallCap market and will be traded on the pink sheets. That means you can expect another big drop in value and now the stock will really go -> 0.
You've messed with the penguin and expect to get away with it??? tough luck bitch
Pitty the poor fool who just dumped nearly 8-thousand shares, at $4. Hope the buy price was a cool $3 -- say in March, 2003? Let's see. That would still be $8000 in earnings, over a 24 month period.
Ouch!
This meltdown behavior is very familiar. It's not slow and progressive, it's halting. And then one day it just flies over the cliff and explodes. I think we're seeing that right now. And I think that if anyone ever brings forensic accountants to SCO they will find massive fiduciary problems that they saw as being covered up by suing someone.
Let's face it, ever since Douggy's Dad had to resign for sexually harrassing the staff, SCO has had the whiff of being a shitty little disreputable bunch of corner crack monkeys lucky enough to be sitting on a product that people would actually pay to make and improve for them.
I should have short sold SCOX.O and made a killing. Oh well, now they are where they belong...
Some organization (like FSF or a new one) should create a fund dedicated to the hostile takeover of companies like SCO. At such a low stock price, how difficult would it be to become a majority share holder in the corporation, then shut it down?
Ok, IANAL so this is probably wrought with problems. Interesting idea, though.
Last Sale $ 2.13
Bert: Hey Darl, got a moment?
.. oh now it's on me. Okay.
Darl: BERT BUDDY! Come on in. Hey, wanna brew?
Bert: I, uh, no thanks. I have some important news.
Darl: Lemme guess, we total kicked Linux's ass today, right? Lay it on me bro.
Bert: Well, you see Darl, you know our stock? The ticker symbol is gonna change to SCOXE, just wanted to let you know that.
Darl: It is? Whoa! Awesome! Why are you doing that Bert?
Bert: It's because our stock is in the toi.., uh, actually the guys at NASDAQ think the Linux lawsuit is "eXtremelly Excellent" and they wanted to honor us with a special long ticker symbol.
Darl: Whoooooooooa!! Bert!!! That's KILLER. HIGH FIVE BRO!
Bert: I uh.. you've got beer all over
Darl: Bert man you need to LOOSEN UP! We ROCK!
Bert: Uhm, yes Darl, I'm just going to close the door now and get back to work. I'll send somebody by to clean up all these beer cans.
Darl: No way I'm building a TOWER out of all these cans and I'm putting it behind the door so when somebody opens it it'll totally knock them over and make a big sound BOOM! See yah Bert!! Linux is TOAST! We're gonna be so rich!!! WOOO!!!
NASDAQ: Let the name of SCO be stricken from every book and tablet. Stricken from every pylon and obelisk of Manhatten. Let the name of McBride be unheard and unspoken, erased from the memory of man, for all time.
A dazzling epic for our times!
Electronic Arts Employee: The evil that men should turn their brothers into beasts of burden, to be stripped of spirit, and hope, and strength... If there is a god, he did not mean this to be so.
Treachery! Passion! Begetting!
Igor: Will you lose a profit because Linus builds an OS?
McBride: The OS that he builds shall bear my name, the woman that he loves shall bear my child. So let it be written, so let it be done.
Action! Historical revisionism! Fresh fruit!
McBride: You make no outcry, Linus, but you will; you will cry for the mercy of death.
Linus: One day you will listen to the cry of the open source community. McBride: This is not that day, Joshua.
Product placements! Cut rate CGI! Semprini!
Flunky: What have you found?
McBride: The answer to my prayers!
Flunky: You prayed for a erection?
McBride: No, I prayed for a lawsuit idea.
Coming soon, right freaking direct to DVD so fast it'll glow red from the friction.
I am not a vindictive person usually but this is too good to be true. The stock is at 4.0 and falling. It is good to see the bad guys crash and burn. I guess the system works after all.
What?!?! You mean you didn't short the stock? Like everyone and their grandma did, back when this whole thing came out and their stock was at $10+.
DIVE!!! DIVE!!! "Captain, it appears we are under attack by our owners!"
"Yeah, so? To the bottom, helm, we'll wait this one out, too."
if this is supposed to be a new economy, how come they still want my old fashioned money?
Yeah, it's true! I see posts from Anonymous Coward all the time! Let's get him -- anyone have his email address?
I'm not good in groups. It's difficult to work in a group when you're omnipotent. - Q
I prefer them to stay in business but completely disengage from their anti-Linux/anti-Open Source antics. Darl and his goons should leave and people with some damn sense should go in and revive the company and work with Linux and Open Source communities.
Slashdot is read by zillions of people who can not only sell their SCO, but also advise others to do so.
Are there actually any die-hard /. readers holding the stock? I think not, except possibly speculators who put $1000 in and are hoping for a lottery payout, but can afford to write off the loss if SCO dies. As far as advising people who hold SCO stock, if you hold stock it's in your best interests to follow it rather than rely on /.ers to call you up.
"d00d, dr0p ur sc0 st0ck!"
Slashdot is also read by all kinds of mainstream journalists who might not otherwise notice what SCO is up to. One could argue it's been a damned effective campaign so far. Were it not for /. clearing up the FUD, their stock would probably still be flying high on rampant speculation.
Hm. Slashdot has some good information, but a savvy reader looks to it as a starting point, not the endpoint of seeking information.
A feeling of having made the same mistake before: Deja Foobar
Judge: Closing Statements.
SCO Lawyer: Ladies and Gentlemen of the jury, I'm just a caveman. Your world of technology frightens me. I don't understand computers and the devils inside of them that make all those pretty pictures and noises. But the one thing I do know is that SCO owns Linux.
Jury Foreman: Your honor, we find for SCO and their Caveman Lawyer.
The image I get is of SCO as a little kid, trying to beat up a bigger kid (IBM), who is holding SCO at arm's length while their fists flail the air in frustration.
I'm not good in groups. It's difficult to work in a group when you're omnipotent. - Q
.... that saw SCOXE and thought GOATSE?
--fatboy
So.... Could I wait for the stock to drop to 0.01, then just buy the whole company for like $20.00?
I'm serious. Would this be the vehicle by which someone Pro-Linux could acquire what actual rights SCO had, then choose to release them into the GPL for certain, as well as formally acknowledge that the debated rights had also been GPL'ed?
In short, buy Darl out like he wanted but not at the price he wanted? Then turn what's left of the company into something useful?
Headline: SCOX CHANGES EXCHANGE
Body: The SCO Group (formerly NASDAQ:SCOX) has decided to move from its' longtime home on the NASDAQ, to online auction house EBay. They will also move from electronic record keeping to issuing stock certificates. SCO CEO Darl McBride said of the move "we think this will more accurately reflect our value in the marketplace, and allow us the opportunity to continue aggressively pursuing infringements against our intellectual property. Oh yeah - cash, certified cheque, or money order only, no refunds, buyer pays shipping."
<Nelson> HA! HA!</Nelson>
They are alone. They are a dying people; we should let them pass. -- Midnight on the Firing Line
It's all fun and games until someone loses the key to the handcuffs.
Darl??
Is that you??
-- You are in a maze of little, twisty passages, all different... --
I keep the wolf at the door,
he calls me up
calls me on the phone
tells me all the ways that he's gonna mess me up
steal all my children if I don't pay the ransom
and I'll never see them again if I squeal to the cops
Why? Cause it's true.
from http://finance.yahoo.com/mp#scox
9:05AM SCO Group Receives Notice From Nasdaq Regarding Potential Delisting and Intends to Appeal (SCOX) 4.30: The co announced that on Feb 16, 2005, it received a notice from the staff of The Nasdaq Stock Market indicating that the Co is subject to potential delisting from The Nasdaq SmallCap Market for failure to comply with Nasdaq's requirements to file its Form 10-K for the fiscal year ended Oct 31, 2004 in a timely fashion. The co expects to make a request for a hearing to appeal the Nasdaq staff's determination. This request will stay the delisting pending the hearing and a determination by the Nasdaq Listing Qualifications Panel. There can be no assurance that the Panel will grant the co's request for continued listing. The co has been unable to file its Form 10-K because it continues to examine certain matters related to the issuance of common stock pursuant to its equity compensation plans. The co is working to resolve these matters as soon as possible and expects to file its Form 10-K upon completion of its analysis.
Is Darl printing up new stock certificates to dump on the market?
Did he get caught with hand in the cookie jar?
I keep looking at my stock ticker and SCOX.O keeps falling faster than my eyes can catch up with it. Some of the sales are larger chunks so it must be their investors pulling out already. Man, that is going faster than anyone had expected.
Seeking shareholder comment
by: bobmims53 02/17/05 12:50 pm
Msg: 237453 of 237455
I'm Bob Mims, a business writer for The Salt Lake Tribune.
I'm looking for shareholder comment on the delisting procedure under way against SCO.
Please email me at bmims@sltrib.com, and please SHAREHOLDERS only . . . tell me how many shares you currently hold, and for how long you've been a shareholder in SCO.
Thanks much,
Bob Mims
The Salt Lake Tribune
bmims@sltrib.com
801-257-8720
JADBP
You really shouldn't take your kids to Disney. That just helps prop up another (worse) IP abusing regime.
I don't see what the problem is here, people! Things are great, couldn't be better!
First off, as to the delays on filing, we've got some deep divers from MIT working on it right now.
Plus, our more than 4,000 developers are being well compensated, morale couldn't be higher!
Finally, the new SCOXE listing will confuse our enemies at Groklaw and the Yahoo message boards, so only we can post our viewpoints there. Also, no google bombing of "SCOXE" and "litigious bastards".
All in all, another win for us.
(This post contains forward looking statements.)
"If you mess with us, we're going to take you on, even to our utter destruction, whatever occurs." - Ralph Yarro (SCO)
SCOX is down to 3.93 already. Game over.
After all, wasn't SCO strongly supported by both Sun and Microsoft. The last thing these two companies would want is a permant legal affirmation of Linux and the GPL.
The hope on slashdot previously seems to have been that something called "piercing the corporate veil", whatever that means, will happen and IBM will find a way to make their and Redhat's SCO countersuits and such continue-- only instead of against the defunct The SCO Group, they would continue against The SCO Group's boardmembers, or against The Canopy Group.
I think this is highly reasonable. Despite their supposed status as "investors" The Canopy Group has treated SCOX like SCOX was a puppet and they had their hand stuck up its ass. It would be hard to not consider them responsible for literally the entire SCO mess; they're a company which before SCO had repeatedly bought up near-death companies, milked them for potential lawsuit damages that the company could claim from others, then discarded the husks. They did this with Caldera. Then once SCO gets under the Canopy, suddenly the new CEO Darl McBride starts slinging strange copyright claims everywhere-- and it's becoming increasingly clear as SCO admits in court again and again that the "evidence" they purported at the start of the mess never existed that these claims were fraud from the beginning, and everyone involved at the time knew this. How could The Canopy Group be considered not to have directly engineered this?
Meanwhile the manners in which both SCOX's boardmembers and The Canopy Group have benefitted from SCOX's death spiral have been bizarre and incredibly poorly hidden. Right before the entire lawsuit started the SCOX board voted to issue themselves huge gobs of SCOX shares at virtually no cost, then set them all to sell once they reached a certain price-- then, funny that, started the lawsuit claims that briefly inflated the cost enough that those shares got sold. Meanwhile Canopy has done odd things such as stock transfers and "business deals" between SCOX and other Canopy holdings-- business deals that make no business sense whatsoever, what does a litigation company need with research XML technology?-- that essentially allowed them to convert SCOX stock into cash for the canopy board without directly raising anything at the SEC.
I don't know if this is realistic, it could just be wishful thinking on the part of slashdotters. I wish someone could make it clear to me whether it is. However it seems that if there's ever a situation under which corporate veil-piercing is possible, it should be this one. Corporations shouldn't be used as a shield to run around doing illegal things and then once the corporation suddenly dies say "whoops, it wasn't me, it was the corporation".
The people who made SCOX do this-- The Canopy Group and the boardmembers they installed-- clearly must have known big swaths of their claims early on were outright lies, and yet they used these claims to drive SCOX like a drunk driver behind the wheel of a bus, hurting others' businesses, costing IBM huge amounts in litigation that has gone and will go nowhere, violating the lanham act, misleading and defrauding investors and possibly even violating SEC rules, and placing SCOX into a situation where they are the target of multiple on-hold countersuits with real possibilities of damages being awarded-- and made fantastic amounts of money doing so. Once SCOX finally crashes with none of these debts or countersuits repaid, would the law really let them just walk away from this?
Irritable, left-wing and possibly humorous bumper stickers and t-shirts
(Score:-1, Flamebait)
Flamebait my ass. I call it truth.
...just exactly what is meant by
Does this essentially mean 'our auditors refused to sign off on it'? Is there anything more innocent it could mean?
I'm old enough to remember when discussions on Slashdot were well informed.
I can see a couple of large sales(several thousand shares) of SCOX just before noon time. If some of their larger investors are pulling out already this company is dead meat. Perhaps the pink sheets won't even list them after the NASDAQ delisting. Looks like they are done.
> It'll be interesing to see where it goes from here.
I was going to reply but I forgot how to spell "Neeow splat".
Darl McBribe announced today that SCO has grown 20% today with the addition of the letter "E" to their NASDAQ symbol "SCOX". "This is wonderful news" McBribe said "and proves our claims that that Finlander communist Linus Torvalds and dirty GNU/hippie Stallman stole from us! I have go now because of a 10am meeting with Jesus" and skipped away singing "Campdown Races".
I am waiting for it to become $0.02 stock where I can buy up 51% of the stock and make them publicly appologize for lying before I liquidate them :P.
Chewy is a Nambla member....
(sorry)
I think they've morphed into some sort of wierd cult.
First they delisted themselves from reality, now from NASDAQ. What's next, are they all going to kill themselves when the next comet passes by?
.
.
(sits and waits for the obligitory: "I for one welcome our new comet overlords..." joke.)
My guess is that recent changes in rules regarding executive compensation (e.g. stock plans for executives and the requirement that executive compensation levels are set by independent directors) are what management and auditing are arguing about preventing them from writing a report.
Translation: daryl and buddies trying to line their pockets, but they don't want to put it in writing in an easy to understand language because the the shareholders would then know, but the auditors don't want to get caught in a lie/spin...
Brilliant!
:)
I wish I'd thought of that myself, though I'm glad to have provided the setup.
TLR
A man no more knows his destiny than a tea leaf knows the history of the East India Company
I guess you think all that water coming into their boat is good. Those things you see above the water are the screws (propellers). SCO is going DOWN!
Before their stock hits $0.01, the company would long be out of business. It can't survive at that low of a stock price. Plus, by buying the entire company for $20, you're saying that the total number of shares is somewhere around 2,000. That's completely inaccurate as well. The actual number is closer to around 4 million. At $0.01 a stock, it would cost you $40,000 to buy out the entire company. Plus, lets not forget that to buy stock, you need someone selling them. It's highly unlikely that every single big shot in SCO would put their stock up for sale at the same time.
Just found another good newssite with info on this! http://bitsofnews.com seems like they update frequently.
Steps for Success 1. You and your friends buy lots of SCO stock 2. You and your friends publicly pay the $699 license fee, thus legitimizing their claims. 3. Watch stock go up on news 4. Profit!! //individual results will vary
I don't keep a lid on my coffee so when I walk around I look busy -me
Best one-liner - nay, one-numberer - I've seen on slashdot in years. Now excuse me while I get some towels to clean spewed-out Pepsi from my TFT.
Stalling permits the execs to make sure their passports are in order, their houses are sold, and that they can get themselves and families settled somewhere without extradition treaties with the US.
Is that there are people, like me, who actually like Solaris. I haven't really seen anyone say nice things about SCOunix on its merits technically.
Some mornings it's hardly worth chewing through the restraints to get out of bed.
this is the beginning of the end of this wonderful company.
So, I wonder if at a certain point, it would be worth buying into SCO, just so you could put a few votes behind a motion to 'Fire everybody involved with the company without compensation, liquidate the assets, and pour salt on the site of the building'.
Also, can shareholders vote that the CEO should be 'kicked in the jimmy for bein' a foo'?
HA! I just wasted some of your bandwidth with a frivolous sig!
Dude, you have a low enough ID number that you should know better.
Slashdot is where nerds come to whine and bitch to similar minded nerds about how everything isn't happening the way we would like it to. I for one, would be appaled that you would suggest that the content of slashdot is in any way subpar, but that would take effort.
"Slashdot - We had some great discussions in 1997..."
HA! I just wasted some of your bandwidth with a frivolous sig!
Given that, if the stock price of SCO falls, they could be the victim of a takeover, and give who might find it useful to own the right to cause trouble for IBM, visualize this:
Scene: SCO HQ, Lindon
Daryl McBride is leaving work, when suddenly, the door bursts open. Standing there, fashion by JiffyPop and hair by Dairy Queen, is Bill Gates, who begins to sing:
McBride You Lier
It's All Over!
Your Lawsuit is a failure
Your retoric too extreme!
I'm your new co-owner
You now are my pensioner
You sentenced to federal prison
PRE-PARE THE VASOLINE!
Daryl: Wait! I can explain!
(turns to his aides, and says sotto voice)
"You - get the purple source code light! You - get the fuck out of here. I've got to get my shit together"
(with apologies to Richard O'Brian and RHPS fans everywhere.)
www.eFax.com are spammers
I say delist the bastards. Don't wait for the stock to fall below a $1 either.
Delist now!
We could pool money together and by them.
Alcohol & calculus don't mix. Never drink & derive.
Imitating Nelson Muntz from the "Simpsons":
"Ha ha"
Nobody involved in this SCO mess actually take this all the way to the end. The people who are behind SCO just want to instill the constant fear in the public at large that they could be sued at any time if they use Linux. Taking the thing to final judgement in court (and losing) is the last thing they want. They will let this one drop, then not long after, start a new attack using some other puppet company. It will go on and on.
a company with a solid business plan to rescue themselves will more often than not be given a break and allowed to remain listed while they work things out.
Yeah, but this is SCO we're talking about. They're attempting to pull the Enron of intellectual property law and everyone knows it. That's why they're tanking.
*** Sigs are a stupid waste of bandwidth.
when you can buy an entire roll of SCO stock at your local supermarket? Available in 6, 12 or 24 roll packages.
People who own the stock if it gets de-listed will have to find buyers in a different market.
SCO stocks to sell on e-bay!
...they really have fired everyone but the lawyers.
(Not accountants left to file the report. The website stayed hacked for a day or two--no IT people to fix it.)
Coder's Stone: The programming language quick ref for iPad
When Caldera was about to be de-listed b/c its stock was under one dollar a share for a while. I forget the time limit involved, but I remember a sudden and surprising legal settlement from MS over DR-DOS, which Caldera had inherited from Novell through R. Noorda, relisting, renaming, buying SCO, which in turn had been derived/obtained from Novell, and then suing everyone in sight in apparent hopes lightning would strike twice....
Boo this bad actor off the stage of decent (?) capitalist pigs, if there be such things.
I agree 100%. I shorted at 15+ and am loving every minute of this. (I should, by my math, have bailed when it hit $3 the first time and moved on to greener pastures. But I figured it was worth it for the entertainment value--they already paid off my mortgage for me, so now it's just sport.)
--MarkusQ
Were you actually looking at one of the "BSD is dying" posts when you wrote that? I seem to recognize many of the sentences. I applaud you sense of satire, while finding your taste abhorrent. (Still, you do it with style. And I've been known to find a bad joke irresistable, so I can understand.)
I think we've pushed this "anyone can grow up to be president" thing too far.
Don't forget to factor in that being short exposes you to unlimited financial risk. They could briefly peak the value somehow and then call in the shorts. (I didn't claim that the method would actually be legal...I don't beleive that they worry about such things. But it could be. Suppose Sun, to pick a random example, announced that it was thinking about buying SCOXE? That could easily drive the stock up, and then all the other short sellers who might need to cover would drive it up more. Until after the shorts had been called in, and then Sun would say "Sorry, the stock became too expensive." [P.S.: I'm fairly certain that Sun wouldn't do this, because I believe that they own a block of SCOX stock, unless they've dumped it {they were reported as buying a large block a year or so ago}, and they wouldn't want to be seen as market manipulators.])
I think we've pushed this "anyone can grow up to be president" thing too far.
sure it wouldn't be a wookiee instead?
Real-time ECN - can't make a direct link due to filters. http://ca.finance.yahoo.com/q?s=SCOX&d=e
Mostly from people who consistantly do worse in the market than I do (I've made money every year since the mid-90's). The "logic" is just wrong, since your broker won't actually allow you to have "unlimited" losses--the most you can lose, long or short, is what you have exposed to the market, either by investing or borrowing (you need to have margin to short). You can lose everything by being too exposed long, you can lose everything being too exposed short. But your best bet (IMHO) is to not get too exposed (only invest what you can aford to lose) and have a diversified mix of long & short positions. If you make good choices, you make money when the market goes up, and when it goes down.
--MarkusQ
SCO_Apocalypse.jpg
605413? Yes, it's a prime.
SCO Ranked #1 Corporate Query Site by Google. Based on billions of searches conducted by Google users around the world, the 2004 Year-End Zeitgeist ranks SCO's corporate Website as the most searched site for the year. Find Out More Here
Bastages!
At worst, your broker will make a margin call and close out your position as well as take equities/cash from your market account to make the difference. So no, although there is a theoretical risk of unlimited losses, the practical risk of that is zero.
In any case, if you want to avoid that you can always get put options and sell them when the stock falls sufficiently.
"When you sit with a nice girl for two hours, it seems like two minutes. When you sit on a hot stove for two minutes, it
It seems more likely that he copy/pasted a post into a text editor and did a find/replace of BSD to SCO.
;-).
If you look closely, a couple of sentences mention OpenBSD and NetBSD. Those should have been altered or removed, if the "troll" was going for credibility
I wonder if it will affect the price?
*laugh* Thanks. I of course hope I'm correct as well.
My main advice to anyone thinking of getting into the market (which has worked well for me) is: don't be shy or lag about your reading, and always do the math. I'm not talking about the sort of chartist voodoo that some people advocate, mut more the Warren Buffet style thinking out all the details. Ask your self, what would happen to me if the fed raises/lowers the interest rates? What if sector X crashes, or booms? What would these things do to my position, and what will I do about it? And look at the financials of the companies you bet on (or against). Do they make sense? Do you smell a ton of BS? Do you see how they are making their money--or failing to? Try to get multiple sources for any key data, and don't trust anyone to be absolutely honest. Debug your strategy, just like it was a pice of code.
--MarkusQ
9. SCO insists that it cannot be expected to file its 10K until IBM fully complies with discovery order
8. Too much Valentine's Day chocolate left SCO feeling bloated and sluggish
7. Cost cutting measure reduced staff to 3 workers and 4,200 lawyers
6. Mean Mister Mustard sleeps in the park, Shaves in the dark trying to save paper
5. Cancellation of Star Trek Enterprise taking a great emotional toll
4. Printers were too busy laughing hysterically to actually print the damn thing
3. Final Draft had to be recalled after failure to secure the rights to the copyrighted phrase "SCO is Toast"
2. Company in turmoil after being introduced to Darl's replacement, Carly Fiorina
. . And the number one reason the 10-K deadline was missed:
1) Everytime SCO tries to file, it's pants catch fire.
(reposted from my Yahoo post)
-------- In Soviet Russia, "Soviet Russia" sigs hate Slashdot.