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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."
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!
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
A lot of today's buys may have been people closing their short positions.
"To those who are overly cautious, everything is impossible. "
If something's cheap enough, there will always be someone willing to buy it.
If it gets low enough, someone could snag it if for no other reason than to liquidate its assets. All of those desks, computer monitors, and coffee machines have got to be worth something.
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.
No, they won't tell, and they most likely never will unless they get in a SCO-like situation where their actual revenue stream is drying up fast and it's either sue-and-pray or just die quietly.
I believe this is the primary lesson MS learned from their SCO experiment: The implication of IP infringement is much more effective at scaring people away from Linux than actually trying to prove it. As long as the infringement is a non-specific threat with only a hint of reality behind it, it works on the basic fear-centers of the brains of IT management. As soon as it becomes something real, like a lawsuit, then it instead it invites the managers to use the analytic portions of their brains. FUD and fact checking don't go together.
The concept of FUD is really nothing new to Microsoft of course, but this was an actual test run of "can we scare more people away from Linux with an actual IP lawsuit instead of just claiming that it is unsafe?" and it turns out the answer is "no".
The enemies of Democracy are
The crime was apparently filing a lawsuit that didn't pan out.
Nope. The crime is fraud.
-jcr
The only title of honor that a tyrant can grant is "Enemy of the State."
Sorry... I think you'll find the crimes and misdemeanors fall more under the following categories:
Libel
Slander
Stock Fraud
RICO
Breach of Contract
The immediate problem is that, with this ruling, Novell stands to collect a lot of money from SCO... by some accounts, double their cash on hand. They effectively own SCO, and between them and IBM, will probably take the company, its products, and its cash during the bankruptcy proceedings. Darl will be given a tin cup with which to entice the residents of Salt Lake City to charity.
Anyone who loves or hates any language, platform, or manufacturer, doesn't know what they're talking about.
Ummm, yeah, that's the most moronic statement you could have possibly made. Talk about making outrageous claims without using your 2 brain cells (that may be a high estimate) to think through what you actually just said)
Just like SCO's claims were baseless, so would Novell's be, copyrights or no copyrights. Even if SCO were to have been found to own the copyrights, they would have lost. Both companies licensed any copyrighted Unix code contained in Linux under the GPL, and both have now done so for years (so neither company could argue it was an accidental limited release...both companies have based in the past (SCO) or are basing (Novell) their freakin businesses on Linux). Also, SCO was only ever able to demonstrate 300 lines of code, mostly header files and stuff that is in the public domain. And even if that stuff wasn't in the public domain, SCO and Novell entered into no less than 5 license agreements over said code with IBM and others that explicitly waived any rights to royalties and explicitly permit the redistribution of the code under ANY license. This was done through numerous standards bodies that both Novell and SCO took part in (such as the body that set Linux's ELF format as the standard binary format for all x86 Unixes). And last but not least, said code was also included in the ancient Unix release that Caldera released under the BSD license about a year before they became SCO, which Novell not only never objected to, but actually pointed to in court documents as a defense.
If you don't believe me, I'd be more than happy to find all of the documents and post links for you. Or, even better, go to Groklaw and read IBM's motion for Summary Judgment on its Declaratory Judgment of Non-infringement.
So yeah, your statement that the future of Linux rests with Novell seems pretty stupid now doesn't it? About all Novell would accomplish is ending up like SCO.
http://watching-eyes.blogspot.com/
> 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 $1 mark to avoid delisting I suspect you might be right. Not going to bet money on it though, this time even former cheerleaders like Daniel Lyons at Forbes say they are dead. Darl has a big ol fork sticking out of his forehead.
Yes they will file a desperate appeal with every court that might possibly have jurisdiction. No it isn't going to help them do anything other than drag this thing out to the end of the year, January at the best. Then it is over and the patent wars will move from saber rattling and into the shooting phase.
Democrat delenda est
You aren't going to get any insight mods on silly advice. SCOX has been below the threshold value for short trades for a long time.
Right now SCOX is so volatile the spammers can't even play their timing games with it. I actually expect them to suspend trading in the shares, probably before the market opens on Tuesday--and pending the bankruptcy filing. The question now is whether they can scrape up any basis for a Chapter 7 filing verses ol' Chapter 11.
Freedom = (Meaningful - Coerced) Choice != (Speech | Beer^2), and sad sock puppets' bad mods avail them naught.
Anything dropping like this just has to bounce!
It may make a splash, but most people just flush it.
Friends don't help friends install M$ junk.