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Investors Bailing On SCO Stock, SCOX Plummets
HailDorothy writes "SCO's stock price is plummeting in the aftermath of Judge Kimball's ruling that Novell owns the UNIX copyrights, as we discussed earlier. '[W]e will continue to explore our options with respect to how we move forward from here,' SCO said in a public statement issued in a futile attempt to calm investors. SCO's stock price has fallen 70 percent during trading today, reaching a 52-week low. It looks like the end is near for SCO, which still owes Novell 95 percent of the SVRX UNIX royalties it collected from Microsoft and Sun through the SCOsource program. As Judge Kimbell noted in his ruling, it's unlikely that Novell will ever be able to collect on those royalties."
*opens champagne*
Ah the sweet smell of victory!
Now bring on Microsoft!
Wait... um....
Damn... this ain't gonna be so easy.
Where's the Tylenol?
Another consultant who stuck it out.
"We are the Priests, of the Temples of Syrinx..."
When are we going to get to see Darl McBride's head on the end of a stick? Or is that asshat not going to be accountable?
HA! HA!
and f.p.
The most surprising thing here to me is that this implies some share holders actually believed SCO had a case here.
Beware: In C++, your friends can see your privates!
If a naked Morgan Webb giving away free Wii systems, then we'll know our time has come.
I for one have waited for the day when Darl and Co. fade into the background. He will reappear in another form, but no one will be fooled.
" looks like the end is near for SCO, which still owes Novell 95 percent of the SVRX UNIX royalties it collected from Microsoft and Sun through the SCOsource program."
Actually, the deal was that SCO remits 100% to Novell, then Novell pays them a 5% commission. Kimball ruled that SCO broke their fiduciary duty to Novell; SCO is no longer able to claim the 5% commission.
The only question left is how much of the Sun and Microsoft licenses were for Novell's stuff?
SCO
"Steve Jobs invented the world" -- Bill W. GATES
Fake Steve Jobs scooped it: he claims SCO has filed a new lawsuit--it's suing itself and its executives for incompetence in bringing about and losing the UNIX lawsuits. He's kidding, but I'll bet they thought about it a least for a minute or two ;-)
and make a fortune selling them as scrap paper.
As Eric Cartman might say...
"You just got F'ed in the A."
-- Minds are like parachutes... they work best when open.
Just the perfect little news tidbit before bedtime.
^_^
This is the sig that says NI (again)
It really makes you wonder just how dumb some people are. Who throws money at a company making outrageous claims like that with out doing some homework to see if they even have a shred of proof to stand on?
I would be really interested to see how many people, besides people that work for SCO, invested more that $10,000 in their stock. If you're dumb enough to invest in SCO how did you make money in the first place?
"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." -Ed H
From $1.50 to $0.44 a Share. Day 1 With Stock Below $1 119 days to go.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
I think this whole thing was
A) Pump and Dump SCO stock
B) A Microsoft Trial Balloon
The pump and dump worked pretty well. A bunch of SCO execs sold stock and made money at the expense of the future of the company Microsoft funded part of this lawsuit to harass linux users and see what would happen if they started suing linux users and distros as well.
You'll notice they won't even tell you which patents of theirs linux infringes now. SCO got bad PR instead of them and IBM got good PR for defending linux.
Contrary to popular belief, Unix is user friendly. It just happens to be particular about who it makes friends with.
does this mean that the CEO's running SCO will be going to prison because of this?
I love playing penny stocks.
Ubuntu: If at first you don't succeed, blindly slap a sudo in front of it
If I'm reading Google's finance page correctly, almost 6 million shares changed hands today.
http://finance.google.com/finance?q=scox
Stock cannot sell if someone isn't buying. Who's buying?
Now I know about "short" and "long". But that's more easily described as a bet where you bet the stock will go one way and someone else bets the stock will go the opposite way. I understand about people having to buy stock to cover a mistake in a short/long. But that's an awful lot of shares being purchased.
I don't believe that there were than many people betting that it would go up again. Not with the approximately $9 million dollars it would take to have that stock last Friday.
Who's buying the stock and why are they buying it?
I can understand everyone wanting to sell it. I don't understand anyone buying almost 6 millions shares of it today.
Unless it's another scan by SCO to buy stock options from their executives. Trying to empty the company's coffers before Novell gets its cut or IBM beats them.
"... SCO, which still owes Novell 95 percent of the SVRX UNIX royalties it collected from Microsoft and Sun through the SCOsource program."
I was one of the early employess (circa early 1980's), and the words of the original founders come to mind here. These were: "We'd rather owe it to you forever than cheat you out of it".
Hey, maybe Novell accepts some stock from SCO as payment. I heard there's plenty going 'round now.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
What I want to know is: who is still stupid enough to buy the stock at 50 cents? Haven't they figured out yet that the next step for SCO is bankruptcy liquidation in which the stockholders get -zilch-?
Moderating "-1, Disagree" is simple censorship. Have the guts to post your opinion.
Glad to see the SCO stooge go down, but we still face the great enemy of freedom, Microsoft. Freedom is about choice, and Microsoft is *ALL* about eliminating any real choice.
In one sense, I deny that it matters. Since I believe we are evolving towards more freedom, then the momentary ups and downs don't matter so much. Societies that have more freedom and democracy receive competitive advantages, and eventually they will prosper over the less free societies. However, it still saddens me greatly to observe Microsoft's fundamentally negative contributions to the long-term competitiveness of America. However, it makes me laugh to hear Gates complain about the slow rate of software evolution when his own Microsoft is the biggest single obstacle to *REAL* innovation and change.
However, at least the obstacle called SCO has been removed. Worth a bit of a celebration. This tool is used up.
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.
Mutual funds. Pensions. Your parents and grandparents retirement funds. And of course, Microsoft.
GENERATION 26: The first time you see this, copy it into your sig on any forum and add 1 to the generation.
Never saw that one coming.
Coder's Stone: The programming language quick ref for iPad
So Novell could make Linux into Unix?
Novell has killed most the lawsuit with IBM.
Novell has driven a stake into SCOs heart.
I have to wonder how long it will be until Novell's deal with Microsoft is forgiven. Frankly to me it always seemed like it was just a way to get money out of Microsoft and it doesn't seem to have hurt Linux.
So how long before the zealots get over it?
See my blog http://ilovecookes.blogspot.com/ for light hearted technical information.
I'd hate to burst your collective bubbles, but SCO is still very much in business and still remains a serious threat to the Linux community.
Although SCO doesn't own the copyrights to Unix, it does own the copyrights to its own derivative pieces and parts, and it is those derivatives which SCO is now making their claims on.
This doesn't seem to diminish the financial impact of what it owes Novell, but if SCO can successfully show that it's own copyrights are within Linux, then SCO could have substantially more value than what it owes Novell.
So! Perhaps SCO still has substantial value, but only if SCO can prove this much more limited case. The question is: are investors still willing to fund the legal case given the potential payout? It depends on the potential of victory, the amount of money that a victory is worth, and the cost of additional legal battles.
Given today's stock activity, it seems that investors have little confidence in SCO:
Odds of Victory & PotentalWinning$ seem much closer to zero.
As of April 30, 2007, SCO had $19.847 million in total assets (which includes no intangibles), and $12.654 million in total liabilities, according to the Reuters data
The ruling on the Microsoft/Sun royalties owed to Novell adds roughly $25 million to the liabilities, making SCO worth roughly -18 million dollars, book value.
I've got a better idea. I'm going to buy it, print Darl's face and SCO's logo on it, roll it, and then sell it as toilet paper to Slashdot users.
That will certainly leave a lot of satisfied Slashdot users. It'll put a lot of money in my pocket too.
They have had major financial backing from Sun and MS. In addition, the feds have pretty much ignored them. Why do you think that they will be held accountable?
No doubt some shareholders thought SCO might have a genuine case. Many more thought that IBM would pay or buy SCO just to get them out of way. Even more though that they might be able to buy their stock low and sell them to scavengers after the next SCO announcement/stock pump. For a lot of people it was a gamble: perhaps there was a perceived 20% chance of a payout/settlement with the chance of a better than 5:1 payback.
Engineering is the art of compromise.
Once I saw that MS was throwing money in, I figured that it was a bit of a scam. Finding out later that Sun was also investing in them, was a true indication that it was a scam. But it also shows that the stock was going to go up (which it did). Had you invested in them when there were at 2, you would have turned 10K into 100K.
I prefer the "u" in honour as it seems to be missing these days.
...now they are a corpse.
Here's the proof.
Actually, they owe Novell 100%, and then Novell is to pay TSG back 5%.
Perhaps a mere technicality since they'll be lucky if they get enough to cover the postage, but it really is worth remembering that none of that money is TSG's until Novell sends it back.
SCO's stock price has fallen 70 percent during trading today, reaching a 52-week low.
Isn't the implication of this statement that SCO's stock price has more than tripled in the past year?
I am quite puzzled (no surprise) by some of the comments regarding money owed to Novel. Let's say it went down like this... I own property (Mr Jones), and I enter into a contract with Mr. Smith to let out that property. Mr. Jones gets all of the money, then pays Mr Smith a management fee. Mr. Smith, outside of the contract, then sells some of the property claiming that it is his to sell and Mr. Jones doesn't get a dime. After three years of court proceedings, the court rules for Mr. Jones, and oh, BTW, Mr. Smith is now bankrupt. So, 1) Mr. Smith broke the contract 3 years ago. Clearly, Mr. Smith is entitled to relief. 2) Whoever bought the property doesn't get to keep it. Get whatever money you can from the bankruptcy proceedings. 3) The property reverts to Mr. Jones. If you still want to buy it, then talk to him. So SCO entered into an agreement that they had no authority (or did they?) to enter into with MS and Sun? If they did have authority, but didn't pay the owner, is the deal valid? Can Novel say, "We don't want a dime (and won't get one anyway), so these deals are off."? SCO sold you a pig in a poke, go after them yourselves? That seems much more reasonable to me....
Certainly, they all know they're now in a major death spiral. All they can do is slowly lay off people as more and more of it sinks below the waters into the briny deep of history.
RS
Shoes for Industry. Shoes for the Dead.
We are fucked, and are desperating trying to think of something to save our selfs.
If you mod me down, I will become more powerful than you can imagine....
I mean, the stocks? I mean, if it's not too expensive, I'll just go and grab the whole junk, just to flip Darl and tell him to clean his office by 5pm.
Not to mention that it might be quite nice on the CV to list "CEO of SCO". Though, whether "last CEO of SCO" is such a good thing... Well, in IT, when you get a recruiter who knows a bit about IT, he might love you for turning the lights off.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
... Penny stock spam
Which depends upon SOMEONE having the stock who is willing to let you do this
Where's his incentive to allow you to "borrow" his property?
Well, normally it is a brokerage firm. But that means that people working for the brokerage firms have been holding onto at least 6 million shares of SCO stock
Despite the Baystar debacle.
Despite SCO's financials.
Despite the beating SCO has been taking in court (even before Friday).
Your theory depends too much on too many people being far, Far, FAR, FAR more intelligent than the supposed experts at the brokerage firms. Despite all the warning signs.
And we're talking about MILLIONS of dollars in loss on this one stock in one day.
See http://finance.yahoo.com/q/bc?s=SCOX&t=my&l=on&z=m &q=l&c=
I mean it's always possible, even if unlikely, that it'll go back up for some reason. People play penny stocks for that reason. You can buy a shitload of stock for not much money. It doesn't have to move much and you make a bunch. Not the best investment strategy, but you can make money doing it if you get lucky. It really is gambling in a very real way and a surprising number of people do it all the time.
Seems to me there is a real risk for anyone to take over SCO. There are counterclaims in both Novell and IBM and SCO is likely to end up owning tons of money. Wouldn't any buyer inherit those liablities? Much more likely that SCO will go to bankruptcy where the liabilities will be washed away.
Plus, right now SCO has so little value that the only reason to pursue the counterclaims is to bury SCO. But if someone with deep pockets were to buy SCO before everything is settled, that would make pursuit of those counterclaims financially worthwhile too.
Infuriate left and right
We need more people to tag this with the "fatality" tag :)
First of all, we have probably years of the obligatory appeals to wade through. It ain't over yet! Secondly, how long do you think it will be before SCO shares become the subject of pump-and-dump spam emails?
My web domain.
Market captialization of the whole company is $9M. Maybe all /. readers should pony up $9, and buy the whole company.
/., and make Darl C. McBride implement our decisions and post press releases.
Then we can have a board discussion here on
New press releases:
-SCO has hired Dogbert, and McBride's new office will be the cardboard box the printer came in.
-SCO opens a new office in Elbonia, and all in management will move there.
don't cut it off www.mgmbill.org
So does this mean that the companies who paid for bogus Linux licenses from SCO can now apply for a reply. Let's hope so....
My web domain.
Based on the misery that is in store for them personally, Darl, Yarro and the lawyers all have to figure out how to save their hides. They might be able to do that if they can point to any evidence that points at Microsoft. That would direct IBM's attention away from them and IBM might be grateful. Otherwise, they will probably lose all the ill-gotten gains they have accumulated so far.
If I go to you and say "hey, I bought your mortgage, pay me $2000 a month" and you do, that doesn't mean the real mortgage holder has to sue me - he can sue you for nonpayment.
No doubt, it's more complicated here...
Advice: on VPS providers
mod this filthy troll down
I find it interesting that since the start of 2005, the SCO stock price has pretty much followed a series of step functions, the price being very stable between abrupt adjustments:
Jan 2005 - June 2006: $4.50
June 2006 - November 2006: $2.00
November 2006 - May 2007: $1.00
May 2007 - yesterday: $1.50
Today: $0.45
I don't remember what if anything happened in June 2006. November 2006 was when most of SCO's supposed evidence against IBM was thrown out because they hadn't been specific enough. The May 2007 rally is a mystery. Today's drop is obvious.
Five year graph
One year graph
One week graph
Quattuor res in hoc mundo sanctae sunt: libri, liberi, libertas et liberalitas.
No, the stock the brokerage is lending isn't usually owned by the brokerage or by the brokerage employees, normally it's owned by clients of the brokerage (or of another brokerage with whom the brokerage has some exchange agreements). These investors don't normally have to give permission to lend their stock out, or even know that it has been lent. Rather, as far as they're concerned, they still hold that stock. If at some point they decide to sell it the brokerage has to get it back from the person who borrowed it. No problem, the brokerage just buys the shares needed to cover the short at the market price -- perhaps even from the lender of the shares -- tells the short investor that their shorts were called and deducts the purchase price from the short's account.
Yes, this means that short investors risk having their short positions summarily closed out at any point in time. That's part of the risk inherent in selling short.
In this case, what has probably happened is that the bad news made longs decide to get out at whatever price they could get, and the only people willing to buy were the shorts who decided to close out their positions. As more of the shorts are closed out, it will probably become harder and harder for sellers to find any buyer and the stock price will likely freefall until it gets to the point that the remaining longs don't even care whether they sell or not, and they hold onto the stock in case a miracle occurs.
Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
I'm just looking at this as a stock trading opportunity. Anything dropping like this just has to bounce!
another one!
mod him down for christs sake
you cannot let these idiots get away with it
I'm still waiting to hear something from the trinity of shills. The Didiot, the Pretenderly, and Lyin' Dan have been completely silent on this. They've been making be scream at my screen for months whenever they said anything about this case, and now that it's blown up in exactly the opposite way they were all predicting, I think it's only fair that they give me some choice words to laugh about. At least I'll always have fond memories of Rob's review of the Ferrari laptop.
In an interview earlier today, Tux the Penguin was asked about his reaction to the Novel ruling. His reply was "Eat my lightning, fuckers!".
Navicula hydraulica plena anguilarum est. Omnes castelli tuus nostri sunt. Ed elli avea del cul fatto trombetta.
How is BSD dying when it is now on over 5% of the worlds machines?
Hot-St0ck in the c0mput3r Industry!! Current Profile The SCO group, Inc.'s (OTCBB: SCOX) Symbol: SCOX Current Price: $0.37 3 day Target: $0.70 2 week Target: $1.25 Watch this one trade starting Wednesday Morning and Especially all this week. A huge PR Campaign just started and the price is expected to rise quite nicely. Its only trading at .37 with big increases possible! Judge to
rule on possession of huge part of UnIX market!
* Act Fast and Early! *
Weaselmancer
rediculous.
Can we get a FAIL tag on this?
"Slashdot - News and Chat Sites Deviant". (Click "homepage" link above for details).
I don't believe any of this FUD about Novell owning Unix and SCO going down, and I won't until I hear about it directly from Laura DiDio. She's always right, isn't she?
Please stand clear of the doors, por favor mantenganse alejado de las puertas
Since nobody seemed to have made this point yet I thought I should. According to sco.com the company still has a number of actual real product which have nothing to do with the linux lawsuit.
There is the OpenServer 6 product. According to the site "SCO UNIX has more than 40% market share among U.S. pharmacy retailers". There is also mention of a "Mobile Server" somewhere.
I have no idea if any of these products have any future or if anyone is actually paying them. If the company where to drop all its litigation non-sense and focus on their products, could not the stock price rebound?
Ill save you the trouble - you will quit it
Read radical news here
than Novell should have the right to revoke SCO's licenses, then start taking revenue and assets of SCO.
Cyberbite Networks - Web Hosting, Dedicated Servers & Colocati
Let's start taking names.
Who were the other idiot pundits who proclaimed that SCO and its vaporsuitcase full of millions of lines of infringing code had an airtight case?
"Once again the markets favor the sandwich heavy portfolio" *eats sandwitch* "AHHHH! I'm Ruined!!!"
-Dr. Zoidberg
...Darl McBride's arraignment on numerous charges.
-- In the beginning was the WORD, and the WORD was UNSIGNED, and the main(){} was without form and void...
The hiring team at SCO must not be following the news very carefully... They seem feel the need to fill two developer positions
Only speak when it improves the silence.
... here.
> Anything dropping like this just has to bounce!
Looking to cash in on the 'ol dead cat bounce? Considering SCOX has always managed to bouce back over the $1 mark to avoid delisting I suspect you might be right. Not going to bet money on it though, this time even former cheerleaders like Daniel Lyons at Forbes say they are dead. Darl has a big ol fork sticking out of his forehead.
Yes they will file a desperate appeal with every court that might possibly have jurisdiction. No it isn't going to help them do anything other than drag this thing out to the end of the year, January at the best. Then it is over and the patent wars will move from saber rattling and into the shooting phase.
Democrat delenda est
A website just FULL of images ...
... ready for photoshopping.
http://www.darlmcbride.com/
It would be no surprise if the PTB at SCO were busy buying back shares to cover themselves from hostile moves. With the share price dropping like a rock, a hostile investor could own the company while they weren't looking and the next morning they'ld all be out of their jobs.
J
------ The only greater hazard to your liberty than n politicians is n+1 politicians.
It's not as if this was anything but a scam by Darl and his buddies.
Unless you think they believed their claims were all true? That they were defending their great and noble company, its products and the American way from evil communist Linux p1r473z?
> Investors Bailing On SCO Stock, SCOX Plummets
This is the Web 2.0 equivalent of the Emperor being thrown down that shaft. Whether it ends in blue plasma or just a splat sound, I don't care as long as that wretched SCO is dead!
Burn in Hell SCO
Don't get me wrong, these guys deserve everything that they get for their cheesy actions in the last several years against Linux. However, now, looking at their demise, I can't stop thinking how did they get there, when they were once "the rebels" against "the establishment" back in the day.
I started my career as a technical support engineer for SCO Xenix in the late 80s, back in the time where Larry Michaels was there. They had the vision and an excellent code base. I had customers running up to 16 Wyse terminals on a 286 system under Xenix running COBOL applications, and even more could be achieved with SCO UNIX on the 386...
I know this is just a nostalgic thought and that the SCO I'm referring to has nothing to do with its current incarnation. I hope this can be used as a lesson for Canonical and other very successful ventures that can really become the next best thing: don't become arrogant and forget your values and where you came from. Companies change, but at the end of the day, it's all about the people and how you contribute to make your and our lives better.
It's got to be embarrassing when top mutual fund holders have $800 worth (and dropping) of your stock.
This issue is a bit more complicated than you think.
Anything dropping like this just has to bounce!
It may make a splash, but most people just flush it.
Friends don't help friends install M$ junk.
I'd say Novell will use this as an opportunity to absorb SCO very cheaply. Include the "debt repayment" as part of the deal (lower price), and effectively screw the leftover investors.
Would have been nice if you actually included links to your source material.
I don't need to test my programs.. I have an error correcting modem.
...sends the attacker runnin' for the hills! Anybody else wanna try? I didn't think so.
Because now that major financial backing has to be paid through to Novell, and people want a ROI. It is now painfully obvious (due to where the money was going vs. where it goes now) that something wasn't quite right with SCO.
That something was more M$ games. Now, there's a nice pot of Sun and M$ money to fund the smoking gun hunt if IBM, Novel, Chrysler or any of the other threatened parties wants it. Sometimes, these games backfire on the $40,000,000,000 responsible party.
Friends don't help friends install M$ junk.
The punishment for fraud is restitution, compensation, fines, and sometimes jail.
Friends don't help friends install M$ junk.
Even when people like this get fired they do fine, just look at Carly Fiorina.
Sometimes, people are held accountable. When there's money to be made doing it, that sometimes is often.
Friends don't help friends install M$ junk.
If you look at the terms of a margin account (which allows you to pledge your shares as security to borrow, likely to purcahse more stock), you'll find that you have consented to the brokerage lending your shares for short sales. Sometimes (usually?), you consent to *any* shares that you leave in your brokerage account being lent for short sales.
hawk, esq.
I guess you didn't hear about how their debts are likely to exceed all their IP and liquidated assets combined.
Spare us your ALL-CAPS metamod. If you don't have a mod point, you don't get a vote this time. Give Slashdot a chance to run without your personal guidance.
Not until the full text of the contract is disclosed. Based on the recent SCO exerience I would say about 22 years.
The nuisance about secret deals is that then both companies can lie about their rights therein and if you buy into their pitch you can get badly burned. Nobody wants to be running SCO's Unix today. When Novell's time comes their customers will be in the same jam. About the dumbest thing you could do right now would be to migrate from SCO's Unix to SuSE.
Help stamp out iliturcy.
Jeff Merkey.
Woot! As we predicted three long years ago, SCO = $, c, 0 - a forecast on their stock price. I am *still* ready to sign up on for sight-seeing trip to the hole in the ground where SCO once stood.
--- "I didn't think anyone would understand it" -Prof. Bob Muller
Not necessarily.
My assumption is that many of the SCO investors were much like the SPAM stock investors.
They *know* the stock is rubbish, but they are relying on others to buy in and the belief that they can read the market well enough to time their exit.
It's basically a self-fulfilling-prophecy. For a while anyway
Ever stop to think
Agreed. Back in the dot com bust there was money to be made by purchasing tanked stocks only to sell them days/weeks later (just in time before the company folded or the stock was delisted). I managed to double my money in Kmart stock in just two weeks but wouldn't touch stock from companies like Enron.
Whether these will have some kind of geek antiquity value in a few years' time? I don't like the idea of buying an SCO share (That's a whole 44 cents, kids), but how weird would it be to be able to claim that you had your own slice of the demon corp?
http://xkcd.com/313/
Anyone wana buy a company for about $1??? We could re-brand them and make them sell Linux!!!
Oh, uh, good question. Now technically speaking, uhh, let's say, put me down as a... 'Whatever'?
I can't believe it took so long for investors to bail out. With such flagrant and desperate acts of legalese I can't imagine anyone would believe the stock would suddenly skyrocket if they won. (Which was looking less and less likely as the years passed.) I suppose those who still owned stock were hoping for that very miracle, because they had too much money tied up in the organization.
Time to heat up the tar and gather a few old pillows for the feathers...
In Soviet Russia, our new overlords are belong to all your base.
"...and the next morning they'ld[sic] all be out of their jobs"
What jobs? Seems to me, the only "jobs" were on the legal front. With this case over, the "jobs" are gone anyway.
/spin-off of/better phrasing, please/g
thankyou
SCO Employment - An Equal Opportunity Employer
Current Open Positions
Job Title: Senior .Net UI Engineer
Location: New Delhi, India
at least 2 years of relevant experience, no more than 4 years experience.
Job Title: Senior Java UI Engineer
Location: New Delhi, India
at least 2 years of relevant experience, no more than 4 years experience.
I'm a H1-B holder myself, so I'm used to the They took our jobs! line, but how do get senior people if they can't have more than 4 years of experience ?
Also what's with the An Equal Opportunity Employer, this is clearly "we can only affoard an indian software engineer with as little experience as possible (dirt cheap better)".
Who's buying? A turnaround artist who still sees value in company assets. SCO did do more than lawsuits, at one time at least. Now the company is cheap. Get yourself majority shares, fire Darl, institute an aggressive public relations campaign to restore credibility and goodwill in the marketplace - who knows, maybe SCO has a shot. Just because Darl and his ilk were complete assholes doesn't mean everyone who worked there was. I'm sure there are a lot of employees who would really like to get back to the basic business premise of trying to make good products to sell.
No, you wait for the bankruptcy court to finish with the carcass before you do that. This is way too soon with the Novell and IBM judgments not yet paid. You need those liabilities off the books first, then you walk in with a prepackaged bankruptcy deal and take it private. All depending on the "fact" that there is something of value here, which I am somewhat skeptical about.
You can only drink 30 or 40 glasses of beer a day, no matter how rich you are.
-- Colonel Adolphus Busch
the Hobbs Act"
i ew?id=28
United States v. Enmons 410 U.S. 396: "wrongful has meaning in the Act only if it limits the statute's coverage to those instances where the obtaining of the property would itself be wrongful because the alleged extortionist has no lawful claim to that property."
http://law.gsu.edu/library/index/bibliographies/v
Remember scox sending out 1500 letters, which essentially said: "pay us for our UNIX code that's in Linux, or we'll sue you."
There have been so many, but here a few of my favorites:
2 C00.a...s p
h tml
/ 0,14179,2914388,00.html
w ww.linuxworld.com/story/46800.htm
Enderle: "SCO Should Win"
http://www.eweek.com/article2/0%2C1895%2C1545173%
http://www.eweek.com/article2/0,1759,1563242,00.a
Lyons: "What SCO Wants, SCO Gets"
http://www.forbes.com/2003/06/18/cz_dl_0618linux.
BTW: Dan Lyons is also the guy who screamed and cried about anonymous boggers, and message board posters, then he turned out to be the fake Steve Jobs.
Didio: "SCO Group Gains Psychological Edge, Registers UNIX System V Copyrights"
"The fact that SCO registered its UNIX System V copyright lays to rest an earlier, erroneous contention by Novell president, Jack Messman, claiming that SCO did not own the copyrights."
http://www.techupdate.com/techupdate/stories/main
Groklaw: "Maureen O'Gara reportage on a court hearing she didn't attend, yet magically was able to report on both the contents of a sealed SCO filing *and* what was shown by SCO's lawyers on a projection screen only Magistrate Judge Brooke Wells and the lawyers were supposed to see."
Here is the O'Gara article:
http://web.archive.org/web/20041025040145/http://
I think O'Gara was also the very first to report on the death of Val Noorda Kreidel. Maybe even before the coroner's report was out.
"Judge Kimball's decision not only undermines SCO's claims against IBM but also suggests that the company was aware that it did not own the Unix copyrights on which it based its litigation even before it launched its SCOsource intellectual property licensing business"
1 E3D15-5DC6-4D48-8BA4-8DA6D8AA9BC7
http://www.cbronline.com/article_news.asp?guid=98
The only question left is how much of the Sun and Microsoft licenses were for Novell's stuff?
This could be far from over. Sun and especially Microsoft had involvements and the whole story is not clear (yet). Say for example Microsoft should have paid Novell but paid SCO instead as to stifle competition and could prove that. Interestingly enough the Novell legal staff could be busy for years. Say some SCO person, down and on the out has some juicy emails or voice recordings... this could just be part one of a trilogy. Or maybe the SEC will just toss the execs in jail.
My guess is we will hear nothing from the companies who actually paid licensing fees to SCO for their ransom letter. The embarrassment factor alone will keep them quiet.
Scox is being sued, or will be sued, by several companies. If you buy scox, you inherent those lawsuits. The liability of those lawsuits far exceeds scox's net worth.
While I'm still relatively clueless regarding the Microsoft-Novell deal, is it possible that Microsoft decided to play both sides of the gamble? Meaning, if SCO wins, they win. And if Novell wins, they still win.
This has probably been posed before, but I don't think I've seen it if it has: What would happen in a world where Microsoft ends up owning the UNIX rights?
Novell, you are the keeper of the crown jewels. Whatever you do now, don't put yourself in a position where you end up handing them over to Microsoft.
Oh, I am sure Darl has an offshore account, kept quiet and secret. He will play the tin cup for a couple of years then quietly slip away into luxury.
"Darl, this floor is filthy. We can't afford buckets or cleaning supplies. But the tongue in your big mouth should do."
A win-win: He gets to keep his job, the duties are just redefined.
The world is made by those who show up for the job.
is what he will be known as in jail methinks
The SCO story has always reminded me of that old TNG newsgroup.
I don't know about the rest, but there's no "continuing to pay lawyers" -- the legal fees are capped, and my understanding is that that takes them clear through all appeals, etc.
Groklaw would have more details and PJ has written about it, but I'm afraid that they can still fight legally. Although they may not have money for any *new* cases, the current ones are covered by their contract.
Personally I find that once I get to a certain level of typing proficiency, my typos are whole words.
Patrick Doyle
I mod down every jackass who puts his moderation policy in his sig. Oh, wait a sec....
Your entire 401k was invested on some company called SCO and it seems the CEO just SCOoted off to the Caribbean.
MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.
if Derle writes a confessional 'tell all' book from prison.
Stick a fork, in 'em.
SCO's done.
MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.