Slashdot Mirror

← Back to Stories (view on slashdot.org)

SCO Bankruptcy "Imminent, Inevitable"

Posted by kdawson on from the quebrada dept.

mattaw writes "From analysis by Groklaw it seems that SCO may owe Novell nearly all the SCOSource licensing fees, and has been hiding the fact for 3 years. Imminent. Inevitable. Bankruptcy. Those are the words from Novell's lawyers. Perhaps the IBM/SCO case could close earlier than planned? Perhaps we can finally be rid of this specter once and for all?"

3 of 234 comments (clear)

  1. They've been doomed for how long now? by Weaselmancer · · Score: 4, Interesting

    I mean seriously. We've been hearing variations of the "OMG SCO is teh doomed!" now for so long my eyes just glaze over when I see another one.

    Call me when Darl is in jail or flees the country.

    --
    Weaselmancer
    rediculous.
  2. About 50 developers? by rumblin'rabbit · · Score: 4, Interesting

    SCO's quarterly financial reports say different. They state about $2 million in research and development costs for the last reported quarter. If we assume that to be mostly salaries, then that's about 50 developers. SCO also makes software releases regularly containing many new feature. And now, a moment of silence in mourning over SCO's imminent demise ... that's long enough.

  3. Re:Can they drop the suit? by Anonymous Coward · · Score: 5, Interesting

    "Bonds against damages awarded in lawsuits" are effectively what shares in SCO have been for years. SCO has been loss making for years now, and makes little revenue, certainly when compared to their liabilities in lawyers' fees. So the only realistic sources of value in the company are the lawsuits: and thus the share price can be seen as the market's view of how likely a SCO win is. Its current share price is $1.19, giving a market cap of $25M. Since it's requesting at least $5 billion in damages, the market's view is that this outcome is a 40/1 shot. That's long odds in a 2 horse race.