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SCO Stock Continues Downward Spiral

Posted by ryuzaki0 on 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.'"

4 of 186 comments (clear)

  1. Cohen talks bullshit by DrSkwid · · Score: 0, Troll

    > 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.'

    utter crap, it shows that SCO had a terrible case and that the markets are about making money not deciding on merits of legal arguments.

    Linux didn't win ANYTHING.

    --
    There are places where the networks are not touching,and there are places where they are-Boeing's Lori Gunter
  2. A big company crushing a smaller one... by abigsmurf · · Score: -1, Troll
    A smaller company sues a larger one. The larger company spends so much on lawyers that it drains the resources of the smaller company, crippling the company until they can't fight any more.

    If you take away the open source aspect of things, this is just a standard case of 'justice' where the company with the most resources wins. Regardless of the validity of the arguments put forward in the case, if microsoft had done something like this, people would be screaming bloody murder.

    1. Re:A big company crushing a smaller one... by abigsmurf · · Score: -1, Troll

      SCO have been dragging their feet because they've been forced too. Their trump card which the case revolves around is the code in question, it's pretty much their only weapons in the case. If IBM get their hands on it long before the trial, their lawyers could work their magic and spend huge resources looking for prior art or claiming that it was well known code, resources SCO can't/couldn't match. They're stalling because it's that or risk giving IBM a huge advantage in the case. You can argue that SCO are stalling, you could also argue that IBM are holding up the trial by demanding evidence up front. SCO can't afford to give up their only advantage, IBM however can wait until the judge gets fed up gives a date the main trial. SCO are stuck in the corner, IBM are making sure they stay in that corner.

    2. Re:A big company crushing a smaller one... by abigsmurf · · Score: 0, Troll

      1: that was a patent issue, not a copyright one 2: people were against EOLAS not because it would effect microsoft but because it'd effect every browser