Slashdot Mirror

← Back to Stories (view on slashdot.org)

US Trustee Asks To Send SCO Into Chapter 7

Posted by kdawson on from the long-dark-teatime-drawing-to-a-close dept.

Several readers including Pop69 inform us that the US Trustee's office has asked to convert SCO's Chapter 11 bankruptcy to Chapter 7 — a.k.a. liquidation. Groklaw has the text of the filing: "...not only is there no reasonable chance of 'rehabilitation' in these cases, the Debtors have tried — and failed — to liquidate their business in chapter 11."

4 of 259 comments (clear)

  1. Re:Liquify what? by nairnr · · Score: 5, Informative
    Everything! Furniture, chairs, computers, bookcases. You name it, it goes. This is not so anyone can reorganize it into anything meaningful, this is so creditors get every last stinking dime out of them.

    If you have ever been to a liquidation of a store, after they sell you what is left on the racks, they sell you the racks,display cases, lights, left over toilet paper...

  2. Re:Where's Darl now? by dbIII · · Score: 4, Informative

    An important thing to remember is that Darl McBride's brother was one of those lawyers getting truckloads of cash. I still see it as a two man scam where the company was deliberately driven into the brick wall of IBM and then the repair work contracted out to the driver's brother.

  3. Re:I wonder... by Lorien_the_first_one · · Score: 4, Informative

    Your points are well taken. But discovery, months of discovery, showed that there was no stolen code. There were also some other trigger events that eventually released IBM from the partnership (I can't remember all the details, but they include change of ownership, expiration dates, etc.). In the end, there was really no evidence of wrong-doing on the part of IBM. In fact, well before the lawsuits, IBM made many statements of its intentions and followed through with no objection from SCO.

    This is all very well documented at www.groklaw.net and available for your reading.

    --
    The diversity and expression of human opinion is essential to human survival.
  4. Re:Ahem. Ahem. by Grishnakh · · Score: 4, Informative

    The sad thing is that once upon a time, they provided a Unix variant (Xenix),

    No, they didn't. That was the Santa Cruz Operation, or SCO, of Santa Cruz California, which did that. They are now named "Tarantella", and are still in business as far as I know.

    The company in this article is "The SCO Group", of Linden, Utah, formerly named "Caldera" (of Linux fame).

    Caldera bought some assets from old-SCO, renamed themselves "The SCO Group", and that's who they are now. They have never been the same company as the one that made Xenix, or had any of the same people.