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Darl McBride Leaving SCO?

Posted by CmdrTaco on from the take-the-money-and-run dept.

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.""

6 of 126 comments (clear)

  1. Pending approval... by LinDVD · · Score: 5, Informative

    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.
    1. Re:Pending approval... by burnin1965 · · Score: 5, Interesting

      Assuming all of this stuff is approved by the bankruptcy courts for starters.


      Good point. The quick headlines that were generated for stories are highly inaccurate, i.e. its not a $100 million buy out and it looks to be only $5 million at first glance.

      It could turn out after a full review of the facts that this is just another attempt to perpetrate additional theft of Novell's cash through the bankruptcy court as was the last attempt to sell Novell's assets.

      We'll have to wait and see how Novell and IBM respond in the bankruptcy court.

  2. It's "up to" $100M by eddy · · Score: 5, Informative

    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.
  3. NOT $100 Million, THAT WAS HYPE. by Bruce+Perens · · Score: 5, Informative
    Folks,

    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.
  4. Re:settle in for a long ride by Epiphenomenon · · Score: 5, Insightful

    It's bizarre and sad that first Turing and von Neumann invented programmed machines, then the Unix folks invited everyone to write good things that other people could use, and now, the fact that someone owns software means that if you want to write a program and give it away, you have to prove that no-one owns it. It's not that code wants to be free. A lot of it doesn't. But why should the code that does want to be free have to go to court first?

  5. Re:The man's name by el+cisne · · Score: 5, Funny

    "I'm more concerned about the mean temperature of squirrel testicles in north-western Canada."

    Ok, here you go : Maturation and Reproduction of Northern Flying Squirrels in Pacific Northwest Forests