Slashdot Mirror
SCO Given NASDAQ Delisting Notice
SCO Delenda Est writes "The SEC has given SCO notice that they will be delisted from the NASDAQ if they cannot keep their share price above $1 sometime in the next 180 days. Although they may be able to avoid delisting for a while, their small market capitalization will hinder their efforts. Given their other financials, this just goes to show how desperate their current financial situation is."
The slashdot tagging says "business" ...yep what business is that for trying to sell fear and get cash out of it ?
Dear Darl,
We told you so.
Sincerely,
Internet full of geeks with a clue.
I am sure that even without the NASDAQ, SCO can sell stock other ways. We can perhaps expect to be getting this e-Mail many times very soon:
.50 cents. TARGET PRICE :$22.50!
Br3ak!ng NEWS! Great NEW STOCK P1CK! SCO corp is posed to go thru the roof when it wins LAWSUIT! CURR#NT PRICE:
Hopefully I didn't put any [] around my words.
Without any money left... suppose they're completely delisted and considered a worthless company, how many people think the case will continue? I get the feeling the lawyers would just say "fuck it, we're done" and leave.
Capcha word: pitying
Just for the fun of it. Then sack Darl of course.
No "haha" tag? Someone falling down on the job?
Since there was no link in the story, I figured it'd be prudent to provide one sowing that SCO is indeed in peril of having their stock de-listed.
As usual, PJ provides the relevant and proper info.
Soko
"Depression is merely anger without enthusiasm." - Anonymous
Wasn't the same warning given SCO several years ago...just before Microsoft and Sun bought SCO's expensive UNIX licenses for linux, bringing SCO's per share price back above the penny-stock listings?
This was just a warning, like last time, not a notice of delisting. That would come just about the time SCO v. IBM finishes.
Nothing to see here, move along.
...as discussed here two weeks ago. More details at PRNewsWire.
The tag you are looking for is the "haha" tag. :-)
- Martin
Pump and dump: The "we're going to screw over IBM" hype lured in the vultures and pumped up SCO stocks. Those that then dumped stocks probably got 10x the true value for their stocks.
Milking the cow: Darl's brother Kevin is part of the SCO legal team. Keeping SCO and the conflict alive and spending big on lawyers fees got a lot of money into Darl's brother's pockets. Families help eachother out.
Unfortunately SCO was once a great software company that got trashed by poor management and greed.
Engineering is the art of compromise.
Wow... not only no link to the story, but the half attempt at a summary says something different then the title. Possibly should be 'The SEC has been given notice by SCO that they will be delisted from the NASDAQ', not whats above.
Either way, SCO is toast. Not like its a big surprise or anything.
'SCO delenda est' is gibberish. You mean 'SCO esse delendam'.
.... strongly think we need a new tag for this case.
"justdeserts" should do it nicely.
http://en.wiktionary.org/wiki/just_deserts
Microsoft has a 180 days to decide if this angle of attack on Linux is worth
another cash infusion. Me thinks, they'll not throw good money after bad.
It'd be worth paying just to get at the details of the MS/SCO Unix cross licensing deal and/or the Baystar investing silliness.
;-D
The flip side is if Novell are right and SCO don't have any real rights to Unix then MS may want their cash back.
Mark Shuttleworth could afford it...
Mark? YOU OUT THERE!? Fancy a laugh?! G'wan!
Time flies like an arrow. Fruit flies like a banana.
I think I'll drink a beer to SCO tonight.
Think about it. You own Linux. Then you open it officially to the OSS, untouchable for any corporations.
Your name would be standing right next to Linus and Richard in the book of reverence of geeks all over the planet. I mean, that ain't worth a mere 20 mil?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
why can't their price drop below $1? Is there a particar reason why a share can't be traded below $1?
Although I'm sure it's crossed many people's minds to do just that, the problem with it is that it sets a bad example for future situations which may arise, where struggling companies might see starting baseless lawsuits with big corporations as a viable way to generate some final revenue, hoping that if they make a pest of themselves long enough that the big company will just get fed up and buy them outright (for a minuscule fraction of what they were asking, so it might look like a real "deal"), and then the owners will just take the money and run.
File under 'M' for 'Manic ranting'
Ha Ha!
--Nelson Muntz [wikipedia.org]
We must have run out of "haha" tags, 'cause I don't see one (yet). Can someone have a look and see if we got an old rusty one somewhere in the basement? Otherwise, we could borrow a tag from previous SCO or MS related articles.
Suppose share prices could fall without limit. What happens when it reaches $0.01? At that point it cannot fall any further, and the smallest price increase, to $0.02, would bring a 100% profit. This is the ideal pump-and-dump scheme, unscrupulous managers would always try to get the stock price oscillating between one and two cents.
SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to Unix-based system software providers. To the death they'll defend that claim... And now they're in for a delisting... Let's all keep our fingers crossed until Oct. 22, then it's official!
They are still around where they were four years ago. One could say the fair value for SCO stock is around $1, the bubble that sent them above $20 was just a wild speculation about that court swindle they tried.
So where's your link to a story backing up you NASDAQ delisting claim for SCO? Sure, it's plausible, but where's the link it sounds speculative.
Zen tips: Pay attention. Don't take it personally. Believe nothing.
It would be nice to get a minimal # of stocks and demand that SCO print the certificates of shares for it. Then hang them in the den like people have war trophies of the defeated.
I picked up a handful of SCOX shares the last time they were in danger of delisting. The paper certificates, framed, make for one of the best white elephant gifts in the IT sector. Even more desired than the chia pet or the Apple II people were swapping for. You pay extra to get the paper version, but at least the stock itself is less than a buck.
+++ UGUCAUCGUAUUUCU
Dear Sirs,
I'm very disappointed with your actions and claims this summer by attacking Linux and also GPL in the farsighted way you are doing.
The only logical conclusion I can make from this is that you have decided to kill your own product, UnixWare.
Whether you win this case or not is not important from that point of view. You have harmed your own business for all future. UnixWare is dead. If you win this case, the freedom in this world is gone. You are creating anarchy, worse than the US patent system causes due to it's unlimited patentability on software and business methods.
I don't expect an explanation back from you.
Sincerely yours
myname
mycompany
I actually recieved an answer containing:
SCO is not trying to destroy UnixWare, we are only trying to protect our
intellectual property. I'm sorry that this runs contrary to your
thinking, but when a company's intellectual property is being
threatened, it has to take action.
My immediate conspiratory consideration then was that Microsoft gladly supported the trial as it had potential to harm both UnixWare and the Linux kernel, both competitors to MS.
At that time the Microsoft mix into this were merely rumours but last year their support were more or less proven
http://www.groklaw.net/article.php?story=20061008http://www.catb.org/~esr/halloween/halloween10.ht
not funny
A stock split it normally done when the share price is too high which makes it difficult to trade. This is done by issuing new shares to existing shareholders on a specifically designated date, such that if they previously held N shared, they now hold N*M shares where M is the stock split multiplier. It generally changes the stock price to about 1/M. It usually makes the stock a bit easier to trade, so price will go up a bit just because of the split all else being equal.
A reverse split can also be done with M simply being less than 1. It can be harder to carry out due to the fractional shares involved. However, I have seen cases where stock splits with M greater than 1 have had non-whole values for M, so apparently brokers understand how to handle this for fractional shares.
If SCO did a reverse split, it would raise the per-share price. But whether they have enough outstanding shares to even do this is a big question. And it won't change their total capitalization (aside from a very minor price increase from making the shares have an easier to trade price), which might be the real issue, anyway. People with 1 share might end up with 1/5 share (same value ... mostly worthless).
now we need to go OSS in diesel cars
SCO has the black money that is given by M$ & its co. "The secret Government".
. SCO has money to pay US$ 1.01-per-action for many years that lives M$.
. Want you to play?
. It's terrorific for Wall Street, Nasdaq, !!!.
. The traps, the priviliged information and the black money are hiddenly permitted.
. It's the dirty game.
Imagine ...
I kill SCO => SCO killed => with died SCO, the judge kills IBM => died IBM stops the CELL core productions => it kills Sony PS3, M$ XBOX360, Toshiba HDTV => with they died, they kill Intel and AMD.
Conclusion:
SCO, IBM, Sony, M$, Toshiba, Intel and AMD will are killed and died.
Thanks for your theories,
...
if SCO shares below $1 and i use your theory then
how can we kill SCO thanks to your mathematic model with the NASDAQ rules?
Before, i'm joining many linux people to structure a powerful armed team to kill SCO inside of the market, after to kill M$, after to kill Sun of his pacted friend McNealy,
Apparently, getting a warning that you may be delisted from NASDAQ is not that earth-shattering a thing, necessarily. Dell is on its second warning now.
This is not to say it's nothing, but it doesn't by itself mean that the company is going down in flames.
So long SCO....
If I still owned SCO stock, I'd be a man and hold on to it until the end. If you unload your SCO stock en masse, it might give them reason to say it was a grandiose conspiracy to get them de-listed.
That company is shameless (as demonstrated by their actions), and they deserve anything that our government deems appropriate.
Don't think that a small group of dedicated individuals can't change the world. It's the only thing that ever has.
Serves Them Right (TM). I hope they go down hard and painfully.
~Eien no Inori wo Sasagete~ Searching for my Hatsumi...