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US Trustee Asks To Send SCO Into Chapter 7
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."
That's the fat lady clearing her throat.
Strangely enough, now I want to hear from Enderle and D'Idiot. I want to hear them whine about the unfainess of it all, how these saints were ridden out of town on a rail when their cause was just. I want to hear them tell the tale of the briefcase with millions of lines of copied code was pilfered from SCO's case in the thick of night.
And then I want them to vanish into ignominy.
Help stamp out iliturcy.
Yep. It'll be fascinating to see how O'Gara twists this into an SCO victory, and helps further their appeal.
If brevity is the soul of wit, then how does one explain Twitter?
Seriously. What assets do they have left that are worth selling? Patents? Software? I am sure there are still SCO shops around so there might be some interest in Unix Ware, Open Server etc. But how profitable will it be after everyone jumps the SCO ship to other platforms that aren't in danger of becoming unsupported?
All in all, good riddance.
"Strangely enough, now I want to hear from Enderle and D'Idiot. I want to hear them whine about the unfainess of it all, how these Latter Day Saints were ridden out of town on a rail when their cause was just. I want to hear them tell the tale of the briefcase with millions of lines of copied code was pilfered from SCO's case in the thick of night."
They'll probably have to drive a stake through the corporate charter to make SCO stay dead.
Don't worry. The SCO execs still made their money and are most likely very comfortable. Shame they never got investigated for insider trading when they started dumping their own stock, while filing waves of lawsuits, or is that legal? IP was the last leg their company had to stand on, and that was a shaky one at best. It is kind of sad that it took them this long to finally burn through all their cash on lawyers. Couldn't they have just called it a day and given the money to charity or something or maybe tried to reinvest in a new venture? Clearly they didn't see any sort of long term future for SCO. Does any still even actively license their craptacular "Unix" from them?
zosxavius photography
Allow me to say, it's about damn time.
One year, four months since I submitted this frontpaged Slashdot article about SCO being delisted from NASDAQ: http://linux.slashdot.org/article.pl?sid=07/12/27/1438204
I must ask again... is the wicked witch finally dead, YET?!
(Captcha: Circus. How. Very. Appropriate.)
...where would SCO be today if it hadn't started filing lawsuits? Sure, it wouldn't have had that cash infusion from Microsoft, but what was the state of that company and where was it headed prior to the suits? Would SCO still be a respected Unix vendor?
I don't understand, their reality distortion field has got to be worth millions in it's own right. Nice thing about chapter 7 is they have to auction /everything/. I wonder if you can buy their data and load up their servers to see what they were really thinking. Perhaps someone can buy whatever rights they thought they had and donate everything to the FSF.
That's too big to fail, but SCO's too fail to bail.
Totally different.
Short and to the point, slightly misogynistic and/or homo-erotic. 7/10.
...to pay your $699 licensing fee you cock smoking teabaggers!
Seriously. What assets do they have left that are worth selling? Patents? Software?
Well, sometimes you have to consider that the 'best' return on your investment is to 'render that horse' into dog food and glue. SCO has seemingly passed up both of those viable options in the hope of a MS type miracle, and failed.
Haul that dead horse to the rendering plant, and finally put it out of 'all of our miseries'!
Down With Slashdot BETA!!! I've been around the corner and seen the oliphant; you can only abuse me from your perspecti
Hey, didn't judge kimball have novell's money set aside in a constructive trust?
I hope someone at SCO gets nailed for contempt.
Novell has probably got to be mega POed right now.
Today's top story: In a bid to stave off bankruptcy, SCO Inc. has decided to sue everyone. That's right, everyone. SCO spokesman Seth Tuller says that 'everyone' will be served with court papers during lunch-time tomorrow. Tuller is quoting as saying, "Everyone owes us money, and everyone must pay." Stockholders are up in arms over this last minute bid to serve the entire world with a reverse class-action lawsuit, saying that the estimated $100 billion cost of doing so is just the latest in a long line of terrible decisions by company management.
In other news, the dancing penguin video has become the latest sensation to hit the web...
"I Don't Have Enough Faith to be an Atheist"
Let's not forget to archive the materials they have published (mostly as Caldera). There is some useful information there.
Please correct me if I got my facts wrong.
I wonder...where would SCO be today if it hadn't started filing lawsuits?
Same place, chapter 7.
They knew they were tanking and that's why they did this hail mary "let's sue IBM" nonsense. Their UN*X product was not spectacular. They didn't really offer anything unique or give any compelling reasons to do any business with them.
People do this sort of thing all the time. There is something nearly universal in the human psyche that says that it makes sense to spend your last five bucks to buy a lottery ticket.
Weaselmancer
rediculous.
I'd bid on sco.com,for sure!!! I'd pay like $3 to use it for my future site devoted to South Carolina otters. That is, if I can get a loan, since funding has been hard to secure for this project, for some reason. Maybe I'll try to figure out who invested in SCO in recent years and hit them up.
This is a hacked account, for which the owner can not be held responsible.
... when they started suing everybody who did anything SONET (including our company) over potential infringements of their patents. (I got dragged in because a chip I had co-architected included a SONET-like framer and some other telecom carrier framer stuff.)
When the company is sinking and the management is grabbing any floating debris that might keep their heads above water, the patent portfolio that USED to be just for protection against suits from others suddenly becomes a potential cash cow. (Or an inflatable life raft to continue the previous metaphor.) And a technology company starts taking on the appearance of a patent troll operation.
Of course in SCO's case it looks like the patent trolls bought into the sinking company so they could use it for trolling...
Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
This isn't personal. Anyway, the lawyers and journalists spewing SCO propoganda got paid their millions and aren't harmed at all by liquidation. Unless you're a millionaire you hardly have grounds to HA HA.
I think a sharpened wooden stake is called for at this point.
One of these days I'm moving to Theory - everything works there
fuck that, make it a goatse mirror! ;)
Would you eat lawyers and CEO's?
MMO Quests are like orgasms:
You may solo them, I prefer them in a group.
the funny thing is..... SCO is like a zombie. Just when you think it's dead, a hand reaches from under the bed and grabs your leg.
It'll take a shotgun to the face to get rid of SCO. (a.k.a buy the trademark and all SCO's IP and release it all under creative commons / GPL / public domain....)
If PJ is a sponge, what does that make you? And if she was on a gravy train, does that mean you were in a racket?
Where do you get that? The hearing didn't even happen yet.
There was a point in time when there was an SCO (probably prior to 7 buy outs and name transfers) that actually focused on technology. I remember when their product, in my opinion was the best UNIX desktop if for no other reason, but they had a control panel while everyone else still used configuration files. It was a dream being able to change screen resolution without having to restart X.
They also made some products in their Tarentella line which was a port of the Microsoft SMB stack and therefore was a MUCH MUCH better solution than the Samba of the time. In fact, management-wise, it might still be better. After all, when you can spend less time reverse engineering and hacking with compatibility problems you can spend more time on usability.
I guess that company is long gone and what's going bankrupt now is just some predators who attempted to capitalize off the accomplishments of the old SCO.
But Goodbye SCO. I miss you
But be honest, you KNOW this hand comes, don't you? I mean, how many zombie movies have you seen? You're actually pissed when it doesn't come. It's like sex without an orgasm when you're sitting there, the hero has his love interest in his arms and that fuckin' zombie stays just DEAD. "C'mon! Move!", you scream at the screen, "how can you let him get away with this without a last, feeble attempt to claw at him!"
I'd feel cheated if zombie Darl didn't at least try to move and lift four fingers to make that chapter 7 an 11 again.
I feel there's a 7-Eleven joke in there somewhere, if someone finds it, please inform me. Thanks.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
I wonder when they will come banging on the door of senior SCO managers who performed insider trading. Also, it wouldn't amaze me if they follow the cash donation (that $500.000.000 they got from Microsoft) back to the source and start asking some very nasty questions over there.
SEC's arguments: competition fraud, misleading shareholders, inciting forgery of papers, inciting abuse of the judicial system.
When will that RICO act be invoked against Microsoft by the SEC?
While we've been worrying about a small company trying to make money by patent trolling large ones, the Masters of the Universe held whole governments to ransom. Bernie Madoff's petty cash fund is probably bigger than the entire SCO case.
From scarped cliff or quarried stone she cries "A thousand types are gone, I care for nothing, no not one."
Actually, Linux pwned SCO.
And not even in Soviet Russia.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
I'm sorry, but the question was if anyone still actively goes and buys a license.
E.g., given the state of IP in Russia or China, I can't possibly imagine that the Bank Of Russia (or for that matter the China Post) actually bought full price licenses for those 22,000 branches. Most likely they had copied it lots, and if they even have a license in the meantime, they probably got some _massively_ discounted blanket license as most companies sell for Russia, China, etc. That or it was some scam in which it was imported through the CEO's brother's ghost company and it was just a way to siphon some money into their private pockets.
E.g., those BMW service centres or the Deutsche Bahn, I don't imagine they still pay anything for that SCO Unix or designing new systems around it. Most likely they still have some legacy stuff from the 80's or early 90's, and it stays there just because nobody can be arsed to replace it with something newer. Or maybe it's the same I'll get to for McDonald.
Running McDonald restaurants? Now that really gets me thinking. It's not like a McDonald restaurant has its own computing centre at all. If they're that big on SCO Unix, why only in restaurants? And why not in all restaurants? Does McDonald have anything against a homogenous and easy to administrate network?
What this last one gets me to suspect is that it's really more along the lines of "whatever embedded OS came with those cashier machines." Roll that around in your head a bit.
What that really tells me is that McDonald doesn't actually give a flying fuck about SCO Unix as such. They just have a bunch of cashier machines which incidentally came with SCO on them. But they wouldn't give a rat's arse about whether it's SCO or Linux or some embedded version of Windows or some refurbished thing based on OS/2, as long as it still talks the same protocols to the rest of their network.
And they probably won't shed one tear for SCO. Whoever manufactures those terminals will just switch to something else and McDonald won't even notice, nor care.
And it makes me wonder how many others on that list are essentially the same misleading claim. E.g., pharmacies? I don't imagine many either (A) actually implementing any meaningful computer centre in the back, or (B) actually choosing SCO for that. Most likely, again, it was whatever embedded crap came with their cashier machines. They'll keep them happily untilt they stop working at all, then replace them with some other machine that talks to the same protocol, and probably don't even know they run SCO at all.
Same for probably a lot of other retailers, since SCO seems to hype that.
I'm sorry, but that doesn't equal "actively licensing their craptacular Unix." In reality the only ones who actually actively licensed SCO there were the one or maybe two manufacturers of those cashier machines, and even those probably just because they got some old 16 bit version for peanuts.
And I'd be surprised if any of those would _still_ go and license SCO for a new machine, since the word "still" was in the GP's question too. Most likely it's something they licensed a decade or two ago, and never thought about it ever since.
A polar bear is a cartesian bear after a coordinate transform.
Begging your pardon, but - I'm from South Carolina, you insensitive clod!
What makes you think we want even the remotest association with SCOm? Our river otters are fine, pure and noble beasts, not scum-sucking bottom feeders, as they would be inferred to be by the use of that domain in such a manner.
Perhaps your efforts would be better spent studying the relationship between Sporocarp and Chipmunks in Oregon.
Good day to you, sir!
"...there are some things that can beat smartness and foresight. Awkwardness and stupidity can." ~ Mark Twain
I suggest killing it with fire first.
-- $G
Yeah, raise the price of everything to 20-40% over market value, so it can be offered at a 10-20% discount off the "original price".
The job of the liquidators is to get as much as possible as quickly as possible for the stock being liquidated. Not to build a good reputation with customers.
So if such slimy tactics are legal in your region IMO it would be negligent of the liquidators not to use them.
note: i'm known as plugwash most places but i screwd up registering that here somehow in the past and now can't register
Circuit City was mostly an excuse to sell resources at normal prices to suckers. I looked: those "closing" prices were the same as other commercial retailers, with perhaps a 5% discount, at least in my neighborhood.
SCO had the lead in Unix on x86 hardware and apparently were used widely in certain sectors.
No, they most certainly did not.
Santa Cruz Operation had the lead in Unix on x86 hardware.
"The SCO Group", which is the company we're talking about, was a failed Linux vendor who called itself "SCO" after they decided to file baseless lawsuits.
While she's clearing her throat, those of us in the audience are singing...
Sing with me now...
Na na na na. Na na na na. Hey hey hey! Goodbye!
You said the magic word: reorganization. The reason the US Trustee gave for asking for conversion to Chapter 7 or dismissal was that SCO wasn't making any progress towards reorganizing, they had no reasonable prospects for ever being able to reorganize and turn themselves into a going concern again, and all they were doing was wasting what money they had left to pay creditors with. Chapter 11 isn't intended to be a permanent shield against creditors, and the Trustee is saying SCO isn't supposed to use it as such.
This saga has been dragged out so long, I won't be sorry to hear the last of SCO.
The sad thing is that once upon a time, they provided a Unix variant (Xenix), which (for all of its earlier association with Microsoft) in the days when other x86 *nix options were non-existent, was actually useful for those of us who had the thankless task of getting distributed computing systems running on what was essentially consumer hardware.
The trouble is, I'm not sure the metamorphoses into UnixWare and SCO UNIX represented any real change in the codebase (feel free to correct me if I'm wrong about this), and if they had seen fit to put more resources into actual development, SCO might have retained an active market share even in the face of Linux.
Instead, they pissed their product against the wall, leaving the courts to argue over the stains.
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.
the controversy about the cover up of pedophile Roman Catholic priests by the hierarchy does not mean that the Pope nor the Catholicy laity support child abuse,
I disagree. While it doesn't really reflect on the laity, the coverup absolutely shows that the Catholic Church leadership supports child abuse.
Seriously, if you were the CEO of a company, and you found out that some of your employees were abusing children, would you cover it up, or would you turn them in to the authorities? Just because the Catholic Church is a religious institution doesn't make that any different. The Church hierarchy should be facing criminal charges for covering that stuff up. The only question here is how much the Pope (or previous Pope) knew, and exactly which bishops/cardinals/etc. were responsible or had direct knowledge.