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Hearing Date Set for SCO vs. Novell

Posted by CowboyNeal on from the at-last-it's-time dept.

duh P3rf3ss3r writes "According to Groklaw, a hearing into seven summary judgement motions in the SCO vs. Novell case has been set for 31 May at 9 am before Judge Dale Kimball. Groklaw's PJ speculates that David Boies may have to show up for SCO just to keep their case alive."

4 of 110 comments (clear)

  1. Re:This could be dramatic by Ash+Vince · · Score: 4, Informative

    I think you mean the SCO v IBM case. This is the one where Novell end up owning SCO (literally).

    My understanding is that all money that Microsoft gave SCO to get involved in a legal battle with IBM was in the form of some sort of Unix license. Novell reckon they are legally entitled to a cut of this money as they sold the Unix licenses to SCO in the first place.

    The problem is that SCO have spent the money fighting IBM and RedHat. If SCO lose the will go belly up as the amounts involved far exceed the worth of the company. If that happens SCO will probably be in administration before the end of the day.

    Please someone correct me if I do not understand this correctly.

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    I dont read /. to RTFA, I read /. to offend people in ignorance.
  2. Re:Now is the time... by ptbarnett · · Score: 4, Informative
    ...to invest heavily into Put-options of SCO.

    No one is writing options on SCOX, and never has.

    The best you could do is short shares of SCOX, but you will have to find a brokerage that has SCOX shares that you can short.

    About 17% of the "floating" shares (i.e. ones that are being traded and aren't held by insiders or institutions) are already shorted. And at average daily trading volumes, the shorted shares represent about 38 days worth of trading.

  3. Re:This could be dramatic by UnknowingFool · · Score: 4, Informative

    Novell reckon they are legally entitled to a cut of this money as they sold the Unix licenses to SCO in the first place.

    Technically not correct. Novell is arguing that they sold SCO the right to license Unix on their behalf (i.e distributor). As Novell's distributor, SCO must give them 100% of any Unix license revenue which Novell will refund them 5% as part of their licensing agreement.

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    Well, there's spam egg sausage and spam, that's not got much spam in it.
  4. Re:Unhealthy by Opportunist · · Score: 2, Informative

    Fear, uncertainty and doubt.

    Ain't it funny how wikipedia replaced the usual place you direct people to for explanations? 5 years ago, I'd probably have sent you to some google page...

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.