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SCO Granted Hearing on Potential Delisting

Posted by ryuzaki0 on from the plead-for-your-life dept.

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..."

4 of 191 comments (clear)

  1. They Could Still be a Thorn by iammrjvo · · Score: 4, Interesting


    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.

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    Ha, ha! Nobody ever says Italy.
  2. Hedge Funds by artlu · · Score: 5, Interesting

    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

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    artlu.net
  3. Isn't it amazing.... by JustNiz · · Score: 5, Interesting

    According to this story:
    http://www.theregister.co.uk/2005/02/25/sc o_titani c/

    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?

  4. Re:Delisting by mcc · · Score: 3, Interesting

    SCO is entirely a PR construct at this point. They have no notable products or future sources of revenue. Their stock is their sole product. They exist to try to convince enough people that they are too a real company that they can attract investors.

    When your business is PR, a PR defeat is a defeat to your core business. This means that delisting is a much more serious problem for SCO than it would be for a normal company; if you take the shine of SCO's corporate presence away, what is left?

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    Irritable, left-wing and possibly humorous bumper stickers and t-shirts