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SCO Granted Hearing on Potential Delisting
Groklaw Reader writes "SCO will be allowed an oral hearing on its potential delisting. The hearing is scheduled for March 17, 2005, so they again show us what they are best at: staving off impending doom. There is no way to predict the outcome of the hearings, but most of the informed speculation is negative, so there are no silver linings in this case. Unless you think they can find some crazy reason to sue the Nasdaq for billions over it..."
I think that we've seen so much of SCO that we're all collectively out of things to say on the matter.
Delist them and let them go away. Finally.
Karma: Chameleon (mostly due to the fact that you come and go).
St. Patrick's Day?!?! Gee, imagine Lucky the Leprechaun as an SCO spokesman: "Always after me impending doom!" At least it gives us another occasion to toast with our pint o' Guinness, Harp, Murphy's or some beer with green food coloring in it (hopefully not Sudan-1.)
Unless you think they can find some crazy reason to sue the Nasdaq for billions over it..."
Maybe NASDAQ is running some of it's systems on Linux and that's SCO's perceieved Ace-Up-The-Sleeve.
NASDAQ Hearing Committee: "Your company is going down the toilet, you're a parriah and you can't even get your paperwork filed on time"
Darl: "Avast thar, ye scurvy dogs! We be finding yer exchange has a Linux installation on a server, tucked away inna corner. Renew our listing or we'll sue yer fer IP theft and make ye walk the plank! Arrr!"
NASDAQ Hearing Committee: "You're also a pretty piss-poor pirate. At least get a parrot."
A feeling of having made the same mistake before: Deja Foobar
"unless you think they can find some crazy reason to sue the nasdaq for billions over it"
:>
rather than suing IBM for millions for some crazy reason, eh?
ed
Will all of us be permitted to prepare and recite a victim's impact statement during the hearing?
I'm a big tall mofo.
Don't even suggest the idea, they might do it.
This will give me enough time to send them my registration check!
If you don't know what AltaVista is (was), get off my lawn.
Even if, in a few years, there's nothing left of SCO, all it would take would be a small legal department to continue to make trouble for years to come.
Ha, ha! Nobody ever says Italy.
As a hedge fund manager myself, one of our strategies is to target distressed companies in order to turn profits. However, SCO's model of late has been dismal for the product category that they are targetting. For example, a company like Rambus ("RMBS"), which basically makes their money from I.P. regarding memory has staying power as their patents span many products and industries.
On a side note, my hedge fund does not have the resources of taking over a company, but following Eddie Lambert's role with KMart/Sears it would not surprise me if an independent company would make a requisition bid for SCO.
Aj
-------
artlu.net
Comment removed based on user account deletion
We need you. You can't leave us...
/. community laugh at
If you do leave, what else would the
how the mighty have fallen...
but before i get flamed let me clarify: MS defends their patents only passively. But how can we be sure that they wont pull the plug 10 yrs later. I hope they scrap this whole software patent thing
fuvoo: watch something
...is covered under several of their patents on linked lists.
Does Nasdaq operate Linux? They should knock out two suits with one stone!! "Hey, you can't delist me! You're using MY software!"
When bodies are buried while still alive, their fingernails marks are present on the top of the inside of the casket.
Bodies = SCO
I wonder what operating system the central Nasdaq transaction computers run. If it's Linux SCO can try to pull all sorts of conspiracy theories in the courts. But it's probably more like an old UNIX or BSD.
- Cary
--Fairfax Underground: Where Fairfax County comes out to play
yes, that's an acknowlegement that the underlying company is not in compliance with exchange rules and is under investigateion.
On behalf of thousands of SCO employees and stockholders who have invested their time and money in SCO, I'd like to thank Darl McBride for being a complete and utter buffoon. His personal fortune should be stripped away and distributed to all the people he has screwed through this idiotic and pointless crusade.
...they'll sue Microsoft.
"You said we'd win! how can you let this happen to us!?!?!"
Blacker than my baby girl's stare. Black like the veil that the muslimina wear. Black like the planet that they fear...
Ding Dong,
the witch is dead!
The wicked witch is dead!
Bye!
"I am a patient boy. I wait I wait I wait. My time is water down the drain..." Fugazi
Forget delisting...run them out of town on a rail.
____
~ |rip/\/\aster /\/\onkey
when and if they find that they're using Linux for any application!
Delisting is not the end of a company. It takes the shine off their corporate presence, but little more. The huge crippling lawsuit on the other hand could well be the end for SCO, here's hoping. This is a non-story about a non-company.
Bring on the litigation.............
Lawsuit and Reason are mutually exclusive terms.
Anyone think its funny, the link below the article says "Add SCOEX to your potfolio"? sounds like a great idea! ;)
The big proprietary software makers.
We'd bash on them like we have in the past.
Everytime there's an SCO story, I feel obligated to comment.
Hmm.. oral hearing? Will I be able to find pictures of Daryl with the kneepads on, on the web soon?
FLR
This reminds me of a recent situation I got involved in. The decision was in my favour, but the other party appealed and made the process as long and drawn out as possible.
:)
And he still lost.
And he owes interest on the amount.
Classic. I hope something like that happens to SCO.
According to this story:c o_titani c/
http://www.theregister.co.uk/2005/02/25/s
Sco's total revenues are down 59% and their SCOSource revenues are down a staggering 99%. Sco are badly losing in court and now they are probably going to be delisted.
Isn't it amazing that Darl McBride gets a salary well in excess of $1m, a bonus of 750,000, plus thousands of shares and options.
How does Darl get away with it and how can a board of directors that pay him actually be THAT stupid?
SCO themselves are meaningless in this. They are just a prop for MS and others with similar goals. They are just a patsy, a stooge if you will. And now 'their' plan to destroy Linux has failed and they have been humiliated as a business they are about to be dumped, forgotten and trodden on by their masters as they are hung out to dry by the rest of us. They have served their purpose and they are very expendible.
What happens to SCO is irrelivant, although they will just dissapear in the end. It is stooge companies vulnerable to this sort of thing that are the problem rather than SCO in particular.
na, na, na, na... hey, hey, hey... Goodbye!
Wow, this must Grand Unified Conspiracy Theory! Perhaps you can tell me how missing Czarist gold, JFK's assassination and UFOs play into this.
Perhaps you can also tell me the last time you took your medication.
The world's burning. Moped Jesus spotted on I50. Details at 11.
nearly stupid as M$ is at times. I seem to remember hearing that Ransom Love had told McBride when he became CEO , that he wasnt aware of the shit he was going to stir up when Darl decided to sue everyone for Billions of Dollars.
Was this Premonition on Ransom's part?
possibly, seeing as now Love is a renewed Linux supporter, now (Though at the time he wasnt) Id be interested to hear what He has to say about all of this now that its about run its course.
Darl on the other hand, probably has the board that controls him committed to the idea to save the company, likely the reason they let him make all the wild and unfounded claims that hes permitted to make.
I can see clearly that IBMs 20+ project release on SF hasnt been hindered ( nor any other project of theirs of recent times ) by SCOs lawsuit against the company.
"God of Rock, thank you for this chance to kick ass. "
don't give them ideas!!
Did you know you can be apathetic to apathy? Not that I give a shit...
Well, next week it will by goatse.
"Learning is not compulsory... neither is survival."
--Dr.W.Edwards Deming
Curious to see what this was doing to their stock price, I discovered that their ticker symbol has changed from SCOX to SCOXE.
Not knowing terribly much about the stock market, I can't say why this is. Was it imposed by NASDAQ? It seems a rather odd thing to undertake voluntarily under the circumstances. But maybe they did it so panicked investors wouldn't be able to find them in order to sell.
"SCOX? I'm afraid I can't process your sell order, sir -- there's no such company."
True enough in the long (or perhaps near) term.
Proud member of the Weirdo-American community.
I'm awaiting the bankruptcy auction.
I want to buy SCO for a few grand and heat my house for the next hundred years on all the friggin paper documents they've collected in connection with their legal rantings.
OR
perhaps publish all that is not covered by NDA, for a fee, so independent cranks can root through it in attempt to find the smoke and maybe the gun, and maybe bring their own suitz.
DO they own any Santa Cruz real estate outright?
We want SCO to survive. From SCO's perspective meanwhile it is best to quietly go bankrupt shortly. SCO's case is now entering the area where their lawsuits will soon be over-- but the countersuits against them will just be starting. The longer and more messily these suits can be dragged out, if possible against The Canopy Group in addition to just SCO, the better it will be, since this will generate press about how the company that tried to destroy Linux and its executives are tied up in court and being soundly punished for it.
SCO needs to be kept alive long enough for them to serve as an example to others...
Irritable, left-wing and possibly humorous bumper stickers and t-shirts
Slashdot > ...Unless you think they can find some crazy reason to sue the Nasdaq for billions over it...
SCOLawy3r > OMFG ROFLMAO WHAT A GR3@T ID3@!!!!!!!!11!!!
* SCOLawy3r is away: filing lawsuit
> But it's probably more like an old UNIX or BSD.
The transactions themselves are probably NonStop Unix on Tandem machines. Hard to say. Probably not Linux.
Can't resist a challenge ;-)
Canopy (SCO's parent) was planning on finding the Czarist gold to fund their continued growth, but couldn't find it. So they hired Darl to head SCO and make them a bunch of money instead.
Unfortunately, back in the 60's, Darl actually found the Czarist gold. But the government wanted him to pay taxes on it, so he assassinated JFK. The UFOs decided that the Czarist gold was causing us a lot of trouble, and so in our own best interest, they took it. Unfortunately for SCO, at the same time the UFOs also stole Darl's brain, on the grounds that since he had assassinated JFK, he was too dangerous to leave unchecked. But this missing brain caused large problems for SCO down the road, when they tried to take on IBM...
(In case it isn't clear to one and all, there is no connection whatsoever between this post and reality.)
"Unless you think they can find some crazy reason to sue the Nasdaq for billions over it..."
Does NASDAQ run linux?
While I don't doubt that Darl & co will be in jail within a couple years, SCO's delisting may not be the good news that it seems.
Keep in mind that our primary desire should be for SCOs idiotic lawsuits to be resolved with a decision that sticks. If the company simply disappears and the suits are unresolved, it doen't really help Linux because the IP questions in the case would still be open, at least in a narrow, legal sense.
With IBM's heavy investment into Linux, I have to believe that they want resolution, not simply that the case go away. The question is, can IBM get a decision if SCO goes belly-up before the case ends?
Obviously, as a company SCO is finished. As a lawsuit with a logo, they have very, very little chance. However, what we need for Linux is a judgement that finally and fatally destroys them.
Then the real fun starts -- criminal cases. IANAL, but if I were, I would be salivating at the prospect of going after McBride, personally, for everything from wire fraud (he does use the telephone, right?) to petty theft of company pens before all SCOs property is auctioned off.
As I see it, he will very soon have a great deal more personal attention than he ever wished from the SEC, FBI, IRS, and a lot more folks with blue suits and Federal Government IDs.
If you think millions, you get millions. Now, if you think billions...
"They bought there tickets, they knew what they were getting into! I say, let 'em crash!"
or something like that.
Instead of de-listing, they should just merge with Apple.
This wouldn't make Apple any better, but the combination of the two would be the most litigious, unkillable, unholy corporation on Earth!
Ok, I lied. I can think of several, but this one I'll probably actually get!
Who is this that even the wind and the waves obey Him? Surely this computer must submit also!
Ladies and Gentlemen of NASDAQ, this is Chewbacca...
And they still haven't filed their 10-K for last year. If it's not filed by the hearing date, they're going to be delisted.
There just has to be something really, really embarassing in the 10-K. Nobody files a late 10-K because of good news. And remember, since Sarbanes-Oxley became law, Darl has to personally sign the 10-K under penalty of perjury. Hide bad news, go to jail.
One would think that the threat of a NASDAQ delisting would send a stock's price down the toilet. Yet SCOX(E)'s price barely noticed it.
Surely there cannot be an explanation other than a concerted effort by interested parties to keep the price at its current level? Shouldn't someone (SEC?) care?
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&ca tegory=91359&item=7136392683&rd=1/
Launder money and deal in illicit trades, indirectly of course. Capital gains anyone?
http://www.copvcia.com/
NASDAQ 5th letters all have a meaning.
.. is because NASDAQ is the exchange that MS is on, and MS threatened to move to a different one if they didn't switch to Windows.
Once delisted from the NASDAQ they will only be listed on the OTCBBs. Since their entire profitability is based on pumping and dumping their stock, imagine how much worse it will be on the OTCBB where pumping and dumping is the normal way to make money!
Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
Does anyone care?
get dumped :)
Gotta love it.
> (In case it isn't clear to one and all, there is no connection whatsoever between this post and reality.)
;-)
Wait, you mean Darl still has a brain?
*ducks and runs away*
It's amazing how management can kill an once well known and respected company (and the ones that merged into it).
A real shame, much good technology got killed this way.
Makes me feel sad, who knows how far mankind would have been if it wasn't for these egoists.
What is so hard of following the concept of not doing the obviously wrong thing?
oh wait. my bad.
You forgot the most important group of all, as stated by Casaubon's Law:
As a conspiracy theory grows, the probability the Templars will fit in it approaches 1.
If he explores all forms and substances Straight homeward to their symbol-essences; He shall not die.
You know there is some SCO techie who is just doing his job because he needs a paycheck (he probably feels unpure about working for sco, but when you gotta feed a family, you gotta do it)... and he is dying to post here but is scared for being rated karma -50 (the mods will make an exception) ;)
I mod down so you can mod up. Your welcome.
I think we are all taking this the wrong way. SCO is a company that has worked diligently to protect it's hard won Intellectual Property, (whatever that is). I would like to offer up 28 Discworld MUD copper pieces for their entire inventory of IP.
Mr. Cut-Me-Own-Customer's-Throat McBride Dibbler may reach me by carrier fruitbat addressed to Zircephate, Unseen University. Ank Morpork.
[-- Trust the Monkey --]
I search on "Bastards" and they're no longer the first listing on Google.
We will see, in just a couple of days, that M$ will buy SCO...
Next M$ will start a war targetting primary the two big Linux distros SuSE/Novell and RedHat and maybe continue the case against IBM.
This will scare anyone away from Linux...
-You reap what you sow.
-Karma (nuff said)
-What goes around comes around.
-Do unto others as you would have them do unto you.
-Even the Wiccans have something about this:
"Eight words the Wiccan Rede fulfill:
An' it harm none,
Do what ye will.
Blessed Be to thee."
You'd think a Mormon would have heard 3 of the above...
I might know what I'm talkin' about, but then again, this is Slashdot...
Technically, I suppose, removing SCO is applying the same entry on top of itself, as an XOR or reverse field. If SCO didn't grant permission to use the modified version of its trademark, it might have a trademark infringement case.
It's a small world and it smells funny; I'd buy another if it wasn't for the money; Take back what I paid (SoM)
OH SNAP!
(really that's what I would say if I was darl and I read this)
When SCO first went after IBM, it had already been selling Linux under the GNU/GPL. That stopped. Then they pulled the universal licence for all of the legacy code off of their website (which effectively allowed anyone to use their legacy code). Thank goodness for Google cache. Note that they pulled these licences weeks after filing their suit against IBM. Apparently their lawyers didn't check to see if the 'billions of lines of code' was BSD. Perhaps they never heard of the AT&T vs University of California at Berkeley software trial either (it was in all the trade papers for about a year in 1991). Linux does have some BSD code in it. Oh, AT&T Lost their case (with prejudice -it can't be re-opened), then sold their software to Novell (who then sold it to SCO). Now SCO has failed to meet the requirements of the National Association of Securities Dealers Automated Quotations (NASDAQ) listing. The listings are quite dilligent in maintaining rules, because rules provide safety from investor litigation (basically one rule prevents one type of law suit) although there are securities laws that must be followed too. The easiest way for SCOXE to go back to being SCOX is for them to file a(proper and legal) financial statement. With all the laywers on staff, it should be a relatively straightforward task. ...unless there were illegal stock swaps, too many conflict-of-interest fingers in too small a pie, violations of fair trading rules and whatnot. If that's the case, then it's better to hold off on filing till the Swiss banks are full, then head for Argentina with a 90 foot yacht and don't look back (the phrase "GO LIKE HELL" popped into my head too). Federal regulators will snoop if the booty is too big though.
I am torn between being gleeful and wanting to buy just one share for the trophy. I am afraid that others will get the idea and the price will rise beyond the point they will be saved from delisting. I want them delisted.
Sorry about the writing. Robot fingers, you know? Cliff Steele in DOOM PATROL #23
And rightfully so! You disregard the the mighty Templar at your own peril.
Darl will go on to bigger things and given another CEO job by a board of clueless barbarians - because he tried to take on IBM, and he'll say he would have succeeded too if it wasn't for those meddling kids and their darn penguin.
Personally I think he should be looked at very carefully for fraud - paticularly for things like those fake DOS allegations which probably wasted FBI time, defaming MIT by alleging that unnamed MIT employees had turned up conclusive evidence - plus the whole demanding licences for someone elses product thing. I don't know the state of Utah law or US law on those things, but if SCO had ever sold a linux licence in Australia (which they were careful not to) someone could have been jailed for it - or certainly prohibited from running a company for a long time - we've certainly done that to such corporate losers who carried out fraud and then went broke selling beer to Australians.
If the company moves to an OTCBB or pink sheet listing, then some funds may be forced to sell, because the company's stock does not fit the fund's investment profile.
While that does not make the company or its lawsuit go away, it would likely depress the stock price, so insiders would make less money from their options.
The real "Libtards" are the Libertarians!
Not sure we've whipped to death the apparent civil war at SCO's parent company the Canopy Group and why exactly they can't file basic paper work on time.
I'm inclined to guess some of the stock issues that are hanging up their 10K may have involved the executives who were summarily executed at Canopy, and since law suits are flying an no one is taking to anyone it may be impossible to get the information they need for their 10K, and maybe the fired execs at Canopy are exacting a revenge on Canopy and SCO.
Apparently the Noorda's advanced age has led them to drop out of active involvement in Canopy Group leading to a vicious power struggle between their kids and two teams of executives.
All in all it appears we have confirmation now that Canopy group is institutionally insane which helps explain why SCO went institutionally insane.
@de_machina
what they are best at: staving off impending doom.
/. didn't post articles about them every so often, I'd scarcely be aware of their impending existence.
impending doom? Why if
This is left as an exercise for the reader.
too many secrets...
I always believe theirs Negative numbers!
Hahahahahaha ...
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