Slashdot Mirror
SEC Investigating SCO?
Udo Schmitz writes "As Groklaw reports, the SCO Group stated in a SEC filing from yesterday: 'In addition, regulators or others in the Linux market and some foreign regulators have initiated or in the future may initiate legal actions against us, all of which may negatively impact our operations and future operating performance.' Does this mean the SEC finally started to pull some stops? SCOs and Canopys financial dealings (Vultus acquisition anyone?) long ago lead to speculations in the Linux community about the legality of their business practices, or the whole lawsuit just being a stock scam."
"The party adjourned to a hot tub, yes. Fully clothed, I might add. -- IBM employee, testifying in California State Supreme Court"
:)
Relevant? I say yes
Doomie
They must have run out of money to buy off the key Congress critters. The rest belongs to Darth Darl.
have initiated or in the future may initiate legal actions against us, all of which may negatively impact our operations and future operating performance
/. posters.
Yea so what? Like you haven't cost other companies millions of dollars, hundreds if not thousands of man-hours, and that is not even to mention all the lost work hours from us
I hope you get sued into the ground.
I mod down so you can mod up. Your welcome.
How come every time I hear about Canopy group in this case I cant help but thinking about the Umbrella Corporation? O.o;
You know I didn't think anything would make me giggle like a little girl. I was wrong.
"Our stock price could decline further because of the activities of short sellers. Our stock has attracted the interest of short sellers. We believe the activities of short sellers have in the past and could in the future further reduce the price of our stock or inhibit increases in our stock price. " ha ha ha. Next on the Nature channel: How the activities of vultures and buzzards inhibit and reduce the activities an otherwise perfectly healthy wildebeest.
multifariam.net -- yet another nerd blog
I'd suggest that they really haven't even shown any flaccid, squishy evidence.
It's the sound of the world's tiniest violin, playing just for SCO.
He looks up and with stunned shock you say, "Hey! Didn't you used to be Darl McBride"? ;P
/. I had to metamoderate!!!"
And then you start beating him with your laptop screaming "damn you and all those SCO stories on
-- If god wanted me to have a sig, he'd have given me a sense of humor.
We have been activated.
Wonder geek powers, activate! Form of: an 800lb. gorrilla! Form of: a tidal wave of litigation!
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
And guess what happens when all the major shareholders are either insiders or institutionals?
We put the insiders inside an institution?
"everything short of breaking the law in order to turn a profit for those who own stock"
I don't think they're being investigated by the SEC on suspicion of hugging bunnies and adopting homeless kittens.
Why yes, I AM a rocket scientist!
I'll ignore your confusion over "Santa Clara" vs. "Santa Cruz", since several others have corrected you already. But the Santa Cruz Operation (now Tarantella, recently purchased by Sun) is a completely different company! This "SCO" is "The SCO Group". The "SCO" in their name doesn't stand for anything; their name is simply "The SCO Group".
This "SCO" was formerly known as Caldera, and they were originally formed to create a desktop environment (the "Caldera Network Desktop" or CND) for Linux. And they helped fund the creation of Red Hat, in order to have a stable base for the CND. Later, they decided to go their own way, and forked the Red Hat distro to make their own Linux distro ("Caldera OpenLinux"). Then they bought some assets (vague and unspecified, but definitely including the "SCO" trademark) from the Santa Cruz Operation, changed their name, started pretending they'd never heard of Linux before, and sued IBM.
The day SCO is finally obliterated will be one serious celebration here on Slashdot. All around the world. Like friggin' New Years, complete with the dreadful hangover the next day. Should we come up with a name for it already? "NetCraft Confirms SCO is Dead Day"? You know, so we can all greet each other with a phrase like "Happy SCO is Dead Day" or "Happy GNU Years"? Help me out here.
My guess is the SEC noticed they are reporting 'goodwill'. Someone realized something was fishy because there is no goodwill towards SCO.
Help me out here.
Certianly -- Which way did you come in?
(insert rimshot here)
bork bork bork!
Please notice that they said anything short of breaking the law.
And that excuses them from any moral judgements? I'll remember that next time I cheat on my wife. "Honey! It's not against the LAW!!!". (Ok, I'm not really married, but you get the point).
AccountKiller