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."

Comments

Gloating?

[ackthpt]

SCO Stock is sitting at $4.30 at opening today. It'll be interesing to see where it goes from here."

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?

Re:Gloating?

[seanadams.com]

this whole story seems little more than gloating and hardly worthy of a /. post

This isn't gloating, it's war. We can gloat when the litigious bastards are out of business completely.

Slashdot is read by zillions of people who can not only sell their SCO, but also advise others to do so. 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.

Re:Gloating?

[gstoddart]

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?

Well, TFA is a Reuters article pointing out that the SEC is considering de-listing a publically traded company because they are in arrears wrt the paper-work they are required to have on file.

This publically traded company is involved in lawsuits that affect several companies and technologies.

It's not as if it's a link to some guys blog -- clearly Reuters thinks it's worth mentioning.

Re:Gloating?

[Anonymous Coward]

Ever heard of GrokLaw?

..and they say BillG is good at taking all the credit

Re:Gloating?

[sconeu]

Were it not for /. clearing up the FUD, their stock would probably still be flying high on rampant speculation.

I suspect that GrokLaw has quite a bit to do with it, too...

Re:Gloating?

[Locke2005]

Correction: Were it not for Groklaw cleaning up the FUD...

I don't ask my Lawyer how to install Linux, and I don't go to slashdot for legal opinions!

Re:Gloating?

[iminplaya]

So SCO gets sued. What will be won from that? Are the individuals responsible going to pay anything. I don't think so. Will SCO be banned from something? So SCO dissolves and becomes something else. Here we'll go again. So...what's the likes of Charles Keating doing these days? Hmm? Are they on welfare? Are they living in South Central? Anybody think he's actually reformed? Anybody think that if he has the chance to do it again, that he wouldn't(if he thought he could get it right this time)? How many corporate criminals are actually in the poor house due to being caught? Anybody think that corporate scandals have diminished at all since Teapot Dome? As long as we grant corporations all sorts of special privileges and power, and we don't watch them like hawks, nothing will change. Take a step back from your credit card madness and take a look. This world you see is a byproduct of our actions, our decisions. We let this happen, and we continue to let it happen. Gotta go. My soap opera is back on. You can let me know how it pans out during the next commercial.

Re:requirements?

[DenDave]

Actually the district attorney will probably end up dragging McBride and his CFO in his office asking what the heck the monkey business is about. After reading above post I expect that McBride will pull a monkey out of his sleeve ..
Whilst I am not purporting to give legal advice, common sense dictates that if you own SCO stock, you should be on the horn to your lawyer jsut about.... now...

If they go down.

[DrStrangeLug]

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 ?

Re:Who's next?

[Dan Ost]

I realize you say this in jest, but I'd like to point out the obvious anyway:
Instead of targetting specific companies, the needs of the community would
probably be better met by efforts to improve existing software and documentation. New software to cover existing gaps is good too. If our offerings
improve, then the community and its resources will grow too, giving us more
power to defend ourself later.

SCO was a good wake up call. Serious enough to make us aware of the dangers,
but weak enough that it couldn't actually harm us. The next danger might not
be so hollow.

Not quite

[temojen]

A low or de-listed stock does not spell death for a company. it does mean:

• It's much harder to raise capital in the future
• If a majority of shareholders think the company's assets are worth more than the outstanding shares, it'll be liquidated. As long as the majority of shares are held by "true believers" this can't happen.

Re:Summing up the SCO vs IBM trial

[RotateLeftByte]

Please stop the Chewbacca jokes. He is a kind and gentle guy who used to ride a Triumph 3TA. Chewy does not need to be associated with scum like SCO. May Chewy live long and prosper(sorry about the star trek quote) while SCO die an ugly death.