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."

Comments

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[Doomie]

"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 :)

awww waaaaa

[AviLazar]

have initiated or in the future may initiate legal actions against us, all of which may negatively impact our operations and future operating performance

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 /. posters.

I hope you get sued into the ground.

Canopy Group?

[chinard]

How come every time I hear about Canopy group in this case I cant help but thinking about the Umbrella Corporation? O.o;

Giggling

[kristopher]

You know I didn't think anything would make me giggle like a little girl. I was wrong.

My favorite quote from the article:

[AnObfuscator]

"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.

Re:I hear quite abit about SCO

[thparker]

except they have not been able to pony up any rock hard evidence

I'd suggest that they really haven't even shown any flaccid, squishy evidence.

Wrong company!!!

[Xtifr]

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.

Re:And the world wept

[michrech]

Help me out here.

Certianly -- Which way did you come in?

(insert rimshot here)