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SCO Terminates Darl McBride
bpechter writes "Linux Today reports SCO has terminated Darl McBride and linked to the SCO 8K SEC report. The report found also at the SCO site and states: 'the Company has eliminated the Chief Executive Officer and President positions and consequently terminated Darl McBride.'"
From: http://www.accessmylibrary.com/coms2/summary_0286-19229004_ITM
Val Noorda Kreidel, Ray Noorda's only daughter, shot herself to death at her home in Huntington Beach, California at 8am last Thursday morning, March 17, according to Orange County supervising deputy coroner Cullen Ellingburgh.
She shot herself in the head with a handgun, Ellingburgh said. He ruled out murder.
Ms. Kreidel committed suicide less than a week after the fracas over the management of the Canopy Group, her father's venture capital operation, was settled.
She was 49 and leaves a husband, four daughters and a son in addition to her parents and brothers.
The settlement transferred Canopy's 32% position in the infamous SCO Group and an undisclosed amount of money to former Canopy CEO Ralph Yarro. The Yahoo message board related to SCO's stock wasn't content with the initial report that Ms. Kriedel died of an apparent heart attack and placed calls to the coroner that tore away the protective euphemism.
Given Ms. Kriedel's conservative Mormon roots, one can understand why the family might be giving it out that she died of natural causes.
The SCO stock last traded at 13 cents. That does not mean that anyone will buy for 13 cents. Volume is less than 5000 shares a day, you can see the individual trades in the chart. In fact the main reason people would buy SCO at this point is because they had previously sold the stock short and want to buy to cover so they can recognize the profit this tax year rather than be forced to recognize the profit when the company goes bankrupt. Looks to me like today's trading means that someone paid $700 to close a SCO short. After that there are probably a bunch of pump and dump scammers out there and folk who recon that maybe IBM will decide its cheaper to buy SCO out than continue litigation. The price of a single share is not the same as the proportional value of the company, nor should it be. Real companies do not increase or decrease in value by 10% in a single day. The market prices of shares can over or under value the company significantly. At $13 a share the marketcap of SCO is about $2.5M. That is more than the company is worth but less than you would need to pay to buy the company.
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Show me one business that has been around 'for the long haul' that does not have at least one black mark of this type on it's record, and I'll back down.
Lego. Zippo. They're out there, although few and far between: Small companies that actually make things and aren't cutthroat because they're the best at what they do, that live on reputations of quality--real quality, not the word "quality". And more often than not, they end up selling out to huge conglomerates that either wisely let them do their thing in peace (Ben & Jerry's), or milk their reputation while letting them rot (Singer). But there are a (very) few out there that stay independent and manage to not be evil without it being a marketing strategy.