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SCO Possibly Delisted from NASDAQ

Posted by Zonk on from the my-karma-ran-over-your-dogma dept.

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."

7 of 366 comments (clear)

  1. Gloating? by ackthpt · · Score: 3, Insightful
    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?

    --

    A feeling of having made the same mistake before: Deja Foobar
    1. Re:Gloating? by seanadams.com · · Score: 5, Insightful

      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.

    2. Re:Gloating? by gstoddart · · Score: 4, Insightful
      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.

      --
      Lost at C:>. Found at C.
    3. Re:Gloating? by sconeu · · Score: 5, Insightful

      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...

      --
      General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
  2. Re:requirements? by DenDave · · Score: 4, Insightful

    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 at first you don't succeed, stay the heck away from paragliding.
  3. If they go down. by DrStrangeLug · · Score: 4, Insightful

    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 ?

  4. Not quite by temojen · · Score: 4, Insightful
    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.