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SCO Files for Chapter 11 Bankruptcy

Can you say "the SCO, the" in German? writes "Trading of SCO's stock has been halted on news that SCO has filed for Chapter 11 Bankruptcy. This move just so happens to fall on the eve of SCO's trial with Novell. One would think that their prior boasts were mostly bluster, that they believe they have almost no chance of prevailing at trial, and that they're now desperate to protect their executives from SCO's creditors while seeking yet another delay. From the release: 'The SCO Group intends to maintain all normal business operations throughout the bankruptcy proceedings. Subject to court approval, SCO and its subsidiaries will use the cash flow from their consolidated operations to meet their capital needs during the reorganization process. "We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations," said Darl McBride, President and CEO, The SCO Group. "Chapter 11 reorganization provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans."'"

37 of 421 comments (clear)

  1. Sad, sad news by eln · · Score: 5, Funny

    I know I'm going to be crying myself to sleep tonight.

    1. Re:Sad, sad news by snowgirl · · Score: 5, Funny

      YAY! Party at my place everyone! Champange for all! :)

      --
      WARNING! This girl exceeds the MAXIMUM SAFE standards established by the FDA for BRATTINESS
    2. Re:Sad, sad news by JackieBrown · · Score: 2, Funny

      I think the safest thing for you to do is buy more SCO stocks

    3. Re:Sad, sad news by analog_line · · Score: 4, Funny

      You want an example of companies that go bankrupt while maintaining operations?
      See: US Airline Industry


      I see you haven't flown anywhere this summer...
    4. Re:Sad, sad news by aneeshm · · Score: 2, Funny

      You mean I Pee, right?

    5. Re:Sad, sad news by Anonymous Coward · · Score: 1, Funny

      You do realize this is /. where the men are geeks and the sheep are scared?

  2. Get out the violin by ackthpt · · Score: 5, Funny

    And tell the fat lady to start warming up.

    It's been a long time coming, but still they had to know this day would arrive. If shareholders weren't really in it for the crapshoot of beating IBM and Novell for $Billion$ they'd have a case against Darl and his lot for running the business into the ground pursuing frivolous lawsuits.

    SCO's income from normal opperations must be down to a trickle with Linux and Windows Server vying for most of the market.

    Emerge from Chapter 11? I can't see how, unless somehow there was a reversal of court decisions and they're doing nothing to grow their product market.

    --

    A feeling of having made the same mistake before: Deja Foobar
  3. Oh man... by Anonymous Coward · · Score: 5, Funny

    Where's my tiny violin?

    1. Re:Oh man... by Anonymous Coward · · Score: 2, Funny

      I believe you'll need a tunneling electron microscope to find this particular violin :)

  4. Dear Darl, by middlemen · · Score: 2, Funny

    Good things come to those who wait !
    Regards, Destiny

  5. One word by lurker412 · · Score: 4, Funny

    Can you say Schadenfreude in English?

    1. Re:One word by Mr.+Underbridge · · Score: 4, Funny

      Can you say Schadenfreude in English?

      Yes. It's pronounced "ha HA!", preferably in a high-pitched, somewhat nasal voice reminiscent of a certain cartoon character.

  6. Yay... by Inferger · · Score: 3, Funny

    Ding dong the witch is dead!

    1. Re:Yay... by lottameez · · Score: 2, Funny

      [gurgle] I'm not quite dead.

      --
      Yeah? Well I think you're overrated too.
    2. Re:Yay... by abb3w · · Score: 5, Funny

      "Do you think we should drive a stake through his heart just in case?" — Peter Lorre to Vincent Price at Bela Lugosi's funeral

      --
      //Information does not want to be free; it wants to breed.
  7. And now, ladies and gentlemen... by Spy+der+Mann · · Score: 3, Funny

    the tune you've all been waiting to hear.

    *drum rolls*

    Ding Dong! The Witch is dead. Which old Witch? The Wicked Witch!
    Ding Dong! The Wicked Witch is dead.
    Wake up - sleepy head, rub your eyes, get out of bed.
    Wake up, the Wicked Witch is dead.

  8. DFWT by sayfawa · · Score: 5, Funny

    Don't Fuck With Tux

    --
    Free the Quark 3 from asymptotic confinement! Bring your charm! Don't get down! All colours and flavours welcome!
    1. Re:DFWT by WilliamSChips · · Score: 4, Funny

      And now he's dying!

      --
      Please, for the good of Humanity, vote Obama.
  9. Who are these people? by mcmonkey · · Score: 4, Funny

    We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations

    Aside from the lawyers for whom SCO is a source of billable hours, who relies on SCO for any products, support, or services? Are these the same folks looking to George W. for stategic planning? The masses going to Michael Vick for pet care tips? OJ for public relations?

  10. Re:FSCK YEAH! by QRDeNameland · · Score: 5, Funny

    This is the internet...you can say "FUCK" here. In fact, when discussing SCO, I believe it's mandatory.

    --
    Momentarily, the need for the construction of new light will no longer exist.
  11. Acronym... by BUL2294 · · Score: 2, Funny

    SCO = Someone Cashed Out

    --
    Windows 3.1x calc: 3.11 - 3.10 = 0.00
  12. Good Job Darly! by SloWave · · Score: 4, Funny

    Now he's available for the Head of FEMA position.

  13. NEWSFLASH by thrillbert · · Score: 3, Funny

    Emerald City, Oz. - It was announced today that Darl McBride, President and CEO, The SCO Group has conceded his defeat regarding the Copyright Infringement case against IBM a few years ago and will file for Chapter 11 protection. Mr. McBride was quoted as saying "Chapter 11 reorganization provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans."

    When asked about these future plans, Mr. McBride announced his intention to sue every single internet user, based on the fact that the Internet became as popular as it did due to traffic running on products that were based on SCO intellectual property. "I personally was the creator of these tubes and filed for a patent back in 1956". Mr. McBride became irritated when this reporter informed him that the Internet did not in fact run through tubes, rather through optical lines and copper cables. "Where have you been? You must have missed my good friend Ted Stevens describing how the internet was a series of Tubes, just stick to what you know, which is ... ah.. whatever it is you reporters do.."

    Reporting live from Emerald City, this is T. Bert signing off.

  14. Re:Everything I know I learned in kindergarden... by sconeu · · Score: 2, Funny

    That happened to me all the time, but it was my big sister, who took shameless advantage of my dad's ironclad rule, "You don't hit girls. Period."

    --
    General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
  15. Re:Darn . . . by kryten_nl · · Score: 2, Funny

    May I suggest:
    "Don't just bitch about OOXML and patent trolls, put your money where your mouth is.
    Donate to Groklaw today."

    --
    For the perfect anti-Unix, write an OS that thinks it knows what you're doing better than you do and let it be wrong.
  16. Re:Everything I know I learned in kindergarden... by Pojut · · Score: 2, Funny

    "I would never....EVER hit a woman, man, never...but I'll shake the shit outta a woman." -Chris Rock

  17. Re:It's Been Fun by MBGMorden · · Score: 5, Funny

    Damn. I read the post and figured I could by out the company tommorow for $15-20. Not that I want it but wouldn't it ROCK to give someone SCO as a gag gift for Christmas?

    --
    "People who think they know everything are very annoying to those of us who do."-Mark Twain
  18. Buh-BYE! by patmandu · · Score: 5, Funny

    And in unrelated news, SCO has filed to trademark any portrayal of water swirling around in a toilet bowl, as that is their new corporate logo.

  19. Chickens came home to roost by Interested+Bystander · · Score: 3, Funny

    But since I work for IBM, I think I can be forgiven for gloating!

    --
    If I was deep this is would be profound, if smart then wise, if a poet then verse. Here it is, you judge!
  20. Re:"the SCO, the" by Anonymous Coward · · Score: 5, Funny

    But since Bart is male, shouldn't it be "der Bart, der"?

    Unless he's talking about several Barts, but then you'd have to conjugate the noun as well and it'd become something like "die Barten, die". Or "die Bärte, die"?

    Actually Bärte means "beards" in German, with the singular "Bart" which is masculine. So my best guess is that the tattoo was a badly written German version of "the beards, the".

    So what's Sideshow Bob's interest in beards anyway? As possibilities we have Jasper Beardly, the Sea Captain, but most interestingly, Krusty's father: Rabbi Hyman Krustofski.

    My guess is that Sideshow Bob is either a latent Nazi with a hatred for Hyman, or he is one of these wusses who cannot grow a decent beard and is taking it out on Krusty.

    An alternate theory is that I have too much time on my hands.

  21. Re:It's Been Fun by Gyga · · Score: 2, Funny

    I need a box big enough to mail it to Linus.

    --
    I don't preview or spellcheck.
  22. Re:Someone you hate by MightyMartian · · Score: 3, Funny

    Hmmm...

    SCO Vacuums - They suck!

    SCO Sexual Enhancers - Get screwed by the best!

    SCO Toilet Paper - Absorbs shit like no other!

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  23. Re:"the SCO, the" by lordtoran · · Score: 2, Funny

    When the Simpsons were first aired in Germany (I was a kid then), I actually wondered why Bart did not have a Bart (beard).

    --
    Want to hear the voice of GOD? cat /boot/vmlinuz > /dev/dsp
  24. Re:"the SCO, the" by wronzki · · Score: 2, Funny

    But since Bart is male, shouldn't it be "der Bart, der"?
    Well, Nancy Cartwright (Bart's voice) is female, so maybe they're just being meta.
  25. Looking backwards by DVega · · Score: 5, Funny
    Let's what they said ...

    Forbes - What SCO Wants, SCO Gets
    By Daniel Lyons, 06.18.03, 12:00 PM ET

    [ ... ]

    In other words, like many religious folk, the Linux-loving crunchies in the open-source movement are a) convinced of their own righteousness, and b) sure the whole world, including judges, will agree.

    They should wake up. SCO may not be very good at making a profit by selling software. But it is very good at getting what it wants from other companies. And it has a tight circle of friends.

    [ ... ]

    --
    MOD THE CHILD UP!
  26. Nah. They're not that good... by crovira · · Score: 2, Funny

    Try:

    SCO Potato Chips, comes in douche flavor, instead of just salt and vinegar.

    SCO the newest Windows' Vista Reseller.

    SCO retailers: Going to Vietnam to compete with Wall*Mart.

    SCO Foods: Made with cyclamates, triglycerides and all the hydrogenated denatured vegetable oils you crave.

    SCO Soap: Made with extra lubricating oils and gentle soothing lotions. Suppliers to the US Penal System since we found out what we could expect.

    SCO Coffee: 'Crap'pucino, Made from what Starbuck's threw away.

    SCO Greeting Cards: Made specially for mothers' in law and other people you don't really care about.

    SCO Theme Park. Its like "Six Flags" without the rides or any of the fun. Basically, think of the lousiest fair run by the most crooked grifters on the most run down equipment, showing the worst flea-bitten, urine-smelling animals (Gerty The Wonder Rat!) and down-on-their-luck geeks (we're talking REAL geeks, Glauman geeks here,) that its ever been your displeasure to encounter outside of their tent. That's the SCO Theme Park.

    --
    MSBPodcast.com The opinions expressed here are my own. If you don't like 'em... Think up your own stuff.
  27. Still no Enderle quote? by symbolset · · Score: 2, Funny

    Why, oh, why can't we have a comment from the quintessential blurbmeister here? Rob, where are you in this historic moment to weigh the subtle issues and deliver some clarity in fifteen words or less?

    Will you all please give him some hits on his blog at ITBE and let him know we need his insight at this trying time?

    --
    Help stamp out iliturcy.