Slashdot Mirror

← Back to Stories (view on slashdot.org)

SCO Group Files For Chapter 7

Posted by Soulskill on from the it-just-goes-on-and-on-my-friends dept.

New submitter rkhalloran writes "The remnants of the failed litigation engine that was the SCO Group has finally filed for liquidation under Chapter 7 of the bankruptcy code. 'There is no reasonable chance of "rehabilitation."' Groklaw describes the recent filing (PDF) thus: 'I will try my best to translate the legalese for you: the money is almost all gone, so it's not fun any more. SCO can't afford Chapter 11. We want to shut the costs down, because we'll never get paid. But it'd look stupid to admit the whole thing was ridiculous and SCO never had a chance to reorganize through its fantasy litigation hustle. Besides, Ralph Yarro and the other shareholders might sue. So they want the litigation to continue to swing in the breeze, just in case. But SCO has no money coming in and no other prospects, so they want to proceed in a cheaper way and shut this down in respects to everything else.' I guess that means the lawyers will suck the marrow from the carcass and leave the bones to bleach out in the sun."

3 of 190 comments (clear)

  1. good riddance by gmack · · Score: 5, Insightful

    Hopefully this will be a lesson to other companies who compete using lawsuits rather than customer service.

    1. Re:good riddance by gmack · · Score: 5, Insightful

      Buying the portfolio would have been settling and it's also exactly what SCO(TSG) wanted them to do but IBM has a scorched earth policy when it comes to lawsuits. When sued, IBM will call in the lawyers and fight for every penny even if the resulting litigation is more expensive than the settlement would have been. It makes each lawsuit more expensive but it discourages others from trying and you can see the result: IBM doesn’t' get sued anywhere near as much as other tech firms.

  2. Re:... and on this day... by Anonymous Coward · · Score: 5, Insightful

    ... not a single f_ck was given.

    SCO got on the shitlist of many a person and corporate entity with their senseless trolling. I'm surprised that it took this long for them to finally hit rock bottom.

    The reason why it took so long was the huge injection from BayStar and the cash train from Redmond. If you know anything about what really went on just look into how and why Novell/Suse is surviving this nonsense. Fact is the real target of all this crap was RedHat and the server side of Linux and the main antagonist was and still is Microsoft.

      Sco was just a fishing and fud throwing expedition and to a large extent it succeeded. Windows has gained server market share because of all the fud. The money channelled into Sco from Microsoft to do all this bullshit is small change in comparison to the market sales they gained in the high end server game.