SCO Wants Summary Ruling, Wants To Appeal Unix Ownership Decision

An anonymous reader writes "SCO is asking the court to enter a final judgment on the Unix ownership issues so that it can seek an immediate appeal. The logic for this, according to Groklaw Editor Pamela Jones, is that SCO would rather appeal right away so it can try all its claims at IBM, should it successfully appeal the judge's order. 'Otherwise, SCO has to wait until Novell goes through trial to a verdict and then appeal, and while it is in the appeal process, IBM would go forward in its now much smaller version, based on the August 10th ruling ... The trial starts, though, in less than a month and it will last less than a week, so none of this makes any sense if you look at a calendar. I think, therefore, it must be about FUD, so it sounds like SCO is on the move again.' The text of the request is available online. "

Comments

Settlement

[COMON$]

There is NO WAY a settlement could possibly pay for the cost of this legal fiasco. SCO's dignity was shot a long time ago, even if they do prove their case they will still look like an ass and their ship will sink.

Re:Settlement

[Xtifr]

It's not about the company any more making money any more. Bankruptcy is pretty much a foregone conclusion at this point. However, the longer the company holds on, the longer the money it technically shouldn't have any more can be spent on executive salaries (and bonuses--Darl has earned all sorts of bonuses for his "creative" approach to company management).

Re:Settlement

[COMON$]

Exactly, I am not a business guru, but the only positive I can see with that company is padding the executive's pockets. If I were an engineer or dev at SCO I would be fleeing.

Comment removed

[account_deleted]

Comment removed based on user account deletion

Re:for fucks sake

[TheLazySci-FiAuthor]

Just SCO away already! ;)

Stick a Fork In Them

[eldavojohn]

Can't SCO just die already? Hey, don't worry, their stock is around 60 cents and was at 44 cents. If they drop below a quarter a share, they get delisted (just like SGI). As far as Wall Street (and investors are concerned), you might as well be dead once that happens.

You can tell how much each of their moves is worth by watching their stock. Lose the Unix case, your stock drops from $1.56 to $0.44. Make a shill appeal and win back 16 cents. Laughable at best.

Annoying? Yes. Something to worry about? Not at all in my opinion.

These have been considered junk stocks for awhile. Now they're simply laughable junk stocks. Expect to see them in your spam e-mails with scams claiming they'll be opening at a nickel and closing at a dime.

Re:Stick a Fork In Them

[iminplaya]

Hey, penny stocks are not the worst investments you can make. You can net a "pretty penny" if you have a good sense of timing.

Re:Stick a Fork In Them

[Zontar_Thing_From_Ve]

Hey, don't worry, their stock is around 60 cents and was at 44 cents. If they drop below a quarter a share, they get delisted (just like SGI). As far as Wall Street (and investors are concerned), you might as well be dead once that happens.

You can tell how much each of their moves is worth by watching their stock. Lose the Unix case, your stock drops from $1.56 to $0.44. Make a shill appeal and win back 16 cents. Laughable at best.

SCO is the perfect example of how the stock market makes no sense. After the judge ruled that SCO didn't have the copyrights to Unix, their stock plummetted to about 50 cents from being worth over a dollar a share. As I right this, 15 minutes ago (I'm using free trackers which lag behind the market by 15 minutes), SCOX is trading at 68 cents a share. This means that SCOX has actually gained in value since it got hammered. Does that make any rational sense? It doesn't to me, yet there appear to be many people out there who still think that SCOX has value.

Actually, stocks get delisted if they trade for under a dollar a share for a long enough period. SCO already faced a delisting action, but they did a reverse split where they converted 3 old shares for 1 new share. It's an artificial way to pump up a stock's value and it almost never works, yet in this case it did. I wouldn't be surprised to see SCO do yet another reverse split if necessary to get the share price back over a dollar and there would be somebody stupid enough to buy it.

I have 2 friends who several years ago got out of the stock market permanently. It was stuff like this that just defies all logic that made them decide that the stock market was too much black magic for their tastes.

Re:Stick a Fork In Them

[nuzak]

> there appear to be many people out there who still think that SCOX has value.

Las Vegas is proof that people think slot machines have value. It's speculation, not a value investment.

Re:Stick a Fork In Them

[hawk]

Maybe if you make that "Indian casinos".

Las Vegas is not in the same business as Indian and other local casinos and lotteries. They are in the gambling business, while we are in the fantasy business.
-
People play there trying to win; people come here (typically) knowing how much they will lose (with a hope to beat the odds). They get off the plane or climb out of the car, and for however many days, they're in a fantasy world.

The best example may be the guys that would never step foot in a bimbo joint, but that take their wives to a "topless revue"--and she enjoys it! Look at the lines for those--they're generally not a bunch of guys, but primarily couples.

For vegas, gambling is a major part of the shtick, but it's just a part of the alternate world of the fantasy.

hawk

Re:Stick a Fork In Them

[twistedcubic]

Does that make any rational sense? It doesn't to me, yet there appear to be many people out there who still think that SCOX has value.

Actually, for those who bought at $0.44/share, their investment is worth $0.68/share now-- a 54.5% increase in value, in about a week. There are lots of investors who buy when they think the stock is at its lowest possible value (short term or long term). Yes, they're taking a risk, but whether they think SCOX "has value" is irrelevant. I think history tells us that SCO always does a stunt to raise its stock price after a crisis, so some people might think you're foolish not to invest in SCO at $0.44.

Wrong, ill tell you what SCO want

[unity100]

they want a good old fashioned beating with baseball bats or whips. preferrably in amish country.

Re:Wrong, ill tell you what SCO want

[CheddarHead]

Am I the only one wondering what the hell being in amish country would have to do with this?

Re:Wrong, ill tell you what SCO want

[Stanistani]

Strong arms from butter churning.

Re:Wrong, ill tell you what SCO want

[JesseL]

That's what they tell you.

The fact that you never hear from the people who survive an Amish beat down is proof of just how brutal they really are.

Ruling

[halcyon1234]

SCO: We want a summary judgment!

Judge: Fine. In summary, shut the fuck up.

Re:Ruling

[Slicebo]

SCO: We want a second opinion!

Judge: Fine. Your tie is ugly, too.

"Dead Cat Bounce"

[HotNeedleOfInquiry]

"Even a dead cat dropped off a roof will bounce a little" The stock will bounce up a little bit with the announcement and the investors will have a chance to mitigate their losses slightly. Yawn. /sbin/shutdown -h now

Of course, they have no choice

[Opportunist]

They HAVE to appeal. Everything else would be suicide. It's all they got. It's like not appealing a death sentence. Not appealing it means that you already lost. What could they lose? Nothing. What could they gain? Survival.

Did anyone really think they wouldn't?

This is SCO stalling for time...again

[HangingChad]

SCO knows their appeal has about as much chance as being stuck in a snowstorm on sunny July day in downtown Dallas. This is SCO trying to get the trial date pushed back far enough they can suck as much cash value out of the company as possible before filing for bankruptcy protection.

If they lose now they'll leave behind a chunk of cash.

Hopefully the appeals court opts not to review the case and SCO is dead by Christmas. What a nice present that would be for the holidays.

The Gift of the SCO Lawsuit

[fishyfool]

In which we find out just how long one can beat a dead horse in the US Court System..

IBM dropped their patent counterclaims

[stites]

"I believe that IBM picked four of it's patents and used them as part of their counter claims. Not entirely sure what became of that part of the case however."

IBM dropped their patent counterclaims some time ago.

-----------------
Steve Stites

If this is granted

[Kilz]

The next move from SCO will be a motion to stay everything while they appeal. That will delay everything, which is exactly what SCO wants. They should be made to wait and appeal after they have lost everything.

Re:a good bargain

[Anonymous Cowpat]

That's my idea! I posted it anonymously a few weeks ago, I'm going to sue!

It's buried somewhere in the original post announcing SCO's losing - go and get me all the comments and I'll show you it in there somewhere. Obviously, it's just a couple of lines...

Your Ideas Intrigue Me & I Wish to SUBSCRIBE

[eldavojohn]

d00d, i see you're a subscriber. Yeah, the $5 was a lot. I mean, it was a lot! Nearly broke me if I recall. Then I had to go into my user preferences and set it to never use my subscription pages. What brown nosing work! That one time fee of five American dollars is quite the payment, but I think if you ask them real nice, they may be able to work out a payment or leasing plan for you. Look into it.

i just wanted to know, can you tell me what it's like to be a complete fucking limpwristed brown noser? Somedays it's really really hard. I mean, I think to myself, "How can I add to the conversation surrounding this story?" More importantly, I try to make it a rule to post only once to each story because if someone can refute my ideas then I should have prepared for that. I don't just value the ability to hold an opinion, but more so the ability to see all points of view and take them into consideration on your initial assessment of the situation. I'm a big fan of General Buck Turgeson and so I "Hate to judge before all the facts are in," and therefore, I consider my best comments to be those with little or no responses. I've been wrong thousands of times, was even wrong in the above post in that I thought delisting status came at under a quarter, not a dollar. But, hell, someone corrected me, good for them. Can't argue stuff like that. A lot of times, I don't even post I just read others comments because I really don't have anything to add (imagine that!).

As for my limp wrists, I'm quite sensitive about that and I would appreciate it if you left that out of the conversation. I had a freak teapot lifting accident when I was 8 and ever since then, I haven't been able to lift my knuckles above my ulnae & radii. Go ahead and laugh, all the kids did, I've learned to deal with it and push on. Oftentimes when I look in the mirror I see a fat, slower, stupider Lance Armstrong looking back at me. If Lance beat cancer, I can with God's help beat this horrible limp wrist affliction. Don't even get me started on the birthmark on my nose.

you're so fucking pathetic that it nearly makes me ill. Well, go ahead and add me to your foes and give your foes a -5 modifier. You'll never see my comments again. You do know that Slashdot has that feature, right? I don't understand why it makes you ill. Did I crawl the intarweb to your computer and force you to read my comments and apply them to your skin or else you get the hose again? Truly baffling to me that my posts have the power to be an ailment.

So tell me, oh valued Anonymous Coward, what did you add to the conversation with your comment?

Bring out your dead!

[Stormwatch]

SCO: I'm not dead!
Nasdaq: What?
Groklaw: Nothing. Here's your ninepence.
SCO: I'm not dead!
Nasdaq: 'Ere. He says he's not dead!
Groklaw: Yes, he is.
SCO: I'm not!
Nasdaq: He isn't?
Groklaw: Well, he will be soon. He's very ill.
SCO: I'm getting better!
Groklaw: No, you're not. You'll be stone dead in a moment.