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Investment Firm Bids to Buy SCOs UNIX Operations
WebCowboy writes "It appears that there are still enough people out there deluded enough to see value in SCOs UNIX operations. York Capital Management has put in a $36 million bid for SCOs UNIX operations. The offer includes coverage of up to $10 million for payment of legal fees and York Capital would assume ownership of the disputed UNIX IP as well as what is left of the lawsuits.
Interestingly, SCO has offered this up for competitive bid (who would want to though?). Upon completion of the transaction, should bankruptcy court approve, SCOX would become solely a mobile applications provider (which is the only part of SCOs offerings that have undergone any meaningful development for quite some time)."
I can't know whether he's listening, but for York Capital Management to make a profit out of the operation, they need something viable they can sell. The parent post is in essence pointing at the support contracts for already installed POS devices as that viable thing.
Linux user since early January 1992.
The old /. joke expressed as 4 lines that end with 'Profit' is not really applicable.
It's actually a three-line joke from Southpark.
The kids follow the underpants gnomes, and when ask why the underpant-gnomes are stealing people's underpants, they show a big board where it says:
1) Collect Underpants. 2) ??? 3) Profit
Everytime the kids ask what step two is, they get the answer that step three is profit.
It's imho the best episode of southpark, you should definitely watch it!
In a market where Facebook (without an obvious revenue stream) is valued in the billions...
You realise Facebook is pulling in $150 million per year revenue, right?