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SCO Zombie McBride's New Plan For World Litigation
eldavojohn writes "Years after you thought it was all over, Groklaw is reporting that Darl McBride (ex-CEO of SCO) has formed a new company that is buying SCO's mobile business for peanuts — but he's also going to get 'certain Intellectual Property' with the deal. You may recall that McBride was the brains behind the Linux lawsuits that SCO launched and it appears he may be orchestrating an exit route where he escapes with some IP intact, in order to wreak havoc once again. Hopefully this is the part at the end of the movie where the zombie comes back to life one last time only to have the hero deliver the final final blow. When this news broke upon the investment world, SCO's stock skyrocketed a blistering 11%, bringing it up seven cents to a full seventy cents — a level which it has not achieved since 2007."
Which is why the SEC should have gone after McBride and SCO. That this guy, after basically bilking investors (not that some of those investors didn't deserve it) in an obvious pump-and-dump isn't spending time in a Federal prison, but instead is free to start a new company that actually buys up some of SCO's alleged IP to start another round of "litigation as a business model" pump and dumps is beyond me.
The world's burning. Moped Jesus spotted on I50. Details at 11.
If brains are equated to IP, then the comparison is apt. Zombies eat the brains of the living, to the detriment of the living, just to prolong the zombies' pathetic existence. McBride wants to harvest the IP of others, to the detriment of the originators of said IP, only to prolong his pathetic existence.
No, not the SCO business model. I mean the Darl McBride business model, which is to swindle investors into believing that he can accomplish something in the long run, pocketing as much money as he can, and moving on to the next busload of Wall Street suckers. As long as it keeps incrementing the value in his bank account fast enough, he'll keep doing it. Short of marooning him on a desert planet somewhere -- which entails its own risks -- there's not a lot anyone can do to keep him from grabbing the occasional headline with his latest antics.
Just be thankful that he isn't working that business model at the same scale as AIG, Bank of America, or Citibank.
Proud member of the Weirdo-American community.
Really it should be illegal for principals in a bankrupt company to purchase any of that companies assets. In this case he is profiting from running the company into the ground by purchasing assets at cut rate prices with the money he syphoned off from the company.