SCO Stock Continues Downward Spiral

Posted by ryuzaki0 on Friday August 4, 2006 @05:35PM from the coming-in-for-a-nosedive dept.

tobiasly writes "TechNewsWorld reports that three and a half years after SCO saw its stock price increase tenfold to US$20.50 following the filing of its lawsuit against IBM, it closed Tuesday at US$2.28 per share, or two cents less than where it was before the lawsuit. This follows a sustained slide fed by poor earnings results and courthouse reversals which, according to OSDL CEO Stuart Cohen, shows that 'Linux and open source software are bigger than any one company. Linux has won in the courts and is winning in the marketplace.'"

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Re:IBM could just buy them out by colinrichardday · 2006-08-04 18:49 · Score: 1, Redundant

Perhaps IBM doesn't want to reward SCO for its behavior?
Another Math-Impaired Reporter by Dean+Edmonds · 2006-08-04 23:07 · Score: 0, Redundant

If the stock went from 2.30 to 20.50, that's a little under a ninefold increase, not ten.

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-deane
I would have tagged it "haha"... by w4rl5ck · 2006-08-04 23:33 · Score: 0, Redundant

if it had not already been.

So there's justice even in the worldwide financial market.