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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
We need you. You can't leave us...
/. community laugh at
If you do leave, what else would the
Unfortunalty that's not The SCO Group. You probably meant SCOX, but since they are now delinquent in their SEC filings they've had a nice red "E" appended to their ticker symbol. The correct Yahoo! Finance page is here.
UNIX? They're not even circumcised! Savages!
yes, that's an acknowlegement that the underlying company is not in compliance with exchange rules and is under investigateion.
Wrong SCO dude. You want this one SCOXE.
Unknown host pong.
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.............
Anyone think its funny, the link below the article says "Add SCOEX to your potfolio"? sounds like a great idea! ;)
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
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 $1m, a bonus of 750,000, plus thousands of shares and options.
How does Darl get away with it and how can a board of directors that pay him actually be THAT stupid?
Wow, this must Grand Unified Conspiracy Theory! Perhaps you can tell me how missing Czarist gold, JFK's assassination and UFOs play into this.
Perhaps you can also tell me the last time you took your medication.
The world's burning. Moped Jesus spotted on I50. Details at 11.
nearly stupid as M$ 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. "
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.
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
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.)
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.
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.
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 --]
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)