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SCO Given NASDAQ Delisting Notice

Posted by Zonk on from the vultures-are-circling dept.

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."

1 of 116 comments (clear)

  1. Pump and dump/ milking the cow by EmbeddedJanitor · · Score: 5, Insightful
    Darl's business strategy was very successful for some, if not for SCO:

    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.