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Darl McBride Leaving SCO?
JoGiles writes "Linux-watch is reporting that while The SCO Group may go on to pursue its plans with a $100 million buyout, it will do so without its longtime CEO Darl McBride. Buried in the proposed MOU (Memorandum of Understanding) between Unix vendor and Linux litigator SCO and SNCP (Stephen Norris & Co. Capital Partners) is the note that "upon the effective date of the Proposed Plan of Reorganization, the existing CEO of the Company, Darl McBride, will resign immediately.""
Assuming all of this stuff is approved by the bankruptcy courts for starters. I find it amazing how the tech media latches on to what MIGHT happen and not what actually HAS happened. "The SCO Group" didn't get any money yet, but many in the tech media act like they did.
Of course, that quasi-journalistic slut, MOG, projects that McBride's leaving was a goal of the Groklaw audience, when in fact, it never was.
Just because you get modded "insightful" on Slashdot doesn't mean you actually are in real life.
A fairly important distinction, as anyone with Cable or ADSL will know.
I can assure you, when Novell is awarded the money SCOXQ.PK owe them, there will be none there.
Belief is the currency of delusion.
This is not a $100 Million dollar offer. That was hyperbole. There will be a line of credit, but going in there is only a couple of million to take the stock profit and then what they need to pursue the case and pay off interest on existing debt as it is billed. Say $10 Million max. Remember that the Benchmark investment was unwound? This one will probably go through the same thing.
Bruce
Bruce Perens.