The short sellers dont have to buy to cover if SCO goes under and their stock stops trading. Your broker will not require you to cover, if the stock no longer exists.
I am currently short on this stock and planning to stay short as long as it takes. Most of the shorts I know are planning to stay short until the very end. And the end is near for SCO as they are running out of money fast.
Why should they do that? Intel develops this software for their processors as an added value for buying their processors. Nobody is preventing AMD from doing the same.
and burns. I have upgraded it a dozen times, but the reliability hasn't improved much. Overall it feels very rough around the edges unlike Firefox, which behaves like a mature application.
This is on Windows. I have used Gaim on Linux and while it did not crash there as much, it still felt clunky.
Trillian I think is even worse. My personal opinion ofcourse.
I personally know of several people who could not use their credit cards at Skype. Its a shame.
I personally have had mixed results. Sometimes my credit cards work and sometimes they dont. I have never had this sort of trouble with an online vendor before.
One of the reasons the US colleges have so many Indian grad students is because that is the only way many Indians can come to the US: Get a student visa.
The process for getting a job and later a green card is relatively straight-forward. The hard part is staying in school and paying for it. Many get teaching assistant jobs to help pay for college.
>> but end up losing potential candidates to competition.
> You're not paying enough.
Pay was never the problem. We offered to pay the asking price. We lost these people for other reasons: One employer offered a permanent position, the other promised very interesting work, the other was closer to home etc. etc.
The point I was trying to make was that we are seeing a healthy competition for skilled Linux engineers.
I manage a small Linux team at a large semiconductor company. About 6 months ago I got authorization to hire 3 contractors for mid to long term work on Linux (everything from drivers to tools). We have only been able to hire 1 person. We have interviewed several people, made a few offers but end up losing potential candidates to competition.
I have interviewed a few people who claim they know how to write Linux device drivers but cannot explain how to compile the kernel.
In my experience, experienced Linux people are hard to find these days.
[Speaking for myself and not my employer ofcourse.]
I have bought their earlier mp3 players, speakers and other products. All of these products had one thing in common. They were of extremely poor quality. The batteries on my 6GB Nomad Jukebox lasted what seemed like 20 minutes. When you were playing music scrolling around the menus became painfully slow. Their speakers make hissy noises when powered and not connected to anything. Their software is clunky at best. I am never ever buying another Creative product.
> but that's also money that could have been invested in hiring software people to help improve their products
Most of the new money came to SCO from Baystar, Microsoft and Sun. I believe all 3 of these wanted SCO to put the hurt on IBM and Linux. None of these companies wanted SCO to develop any products. Baystar actually said it in no uncertain terms in several interviews they did.
> Here's a question for some legal expert. Since Boies et al were paid in stock a while back, they are now a major stockholder in SCO...
This was the plan but it never did happen this way. SCO ended up paying ~ $8mil. cash. We dont know why the lawyers did not want stock anymore. Maybe because they realized it was worth less than toilet paper in the end.
Funny thing is last year when Boies agreed to be paid in stock (it was flying high then) he said in the investor conference call that getting paid in stock is a bit unusual but they do it when they are confident of the direction of the company.
Investors need to be very, very careful. The wording of the legal fee "cap" announcement is highly deceptive.
While it may sound good to the uninformed, the legal fee "cap" does nothing practical to help SCO with the legal expense problem. Taken together, the following statements from the 8-K filing are HIGHLY misleading:
Statement 1: "For future legal fees, the Engagement Agreement will require SCO to pay to the Law Firms $2.0 million per quarter for each successive quarter beginning September 1, 2004 and ending December 1, 2005..."
Statement 2: "SCO's purpose in entering into the Engagement Agreement was to limit the cash expenditures needed to pursue the SCO Litigation to approximately $31 million, until the litigation with IBM concludes."
Taken together, SCO is saying that the litigation with IBM will end by December 2005. The problem, though, is that only the FIRST round of court action with IBM will have concluded by 12/2005. For the sake of argument, consider the highly unlikely event that SCO wins some sort of favorable decision. The appellate process will have only just begun. The odds of a decision being sufficiently favorable to warrant additional equity investment is highly unlikely, and SCO will be out of cash. Further, SCO is likely to still be defending against counter-claims.
So everytime you or any member of your family wishes to watch a DVD or a high definition video clip of CSI recorded over the air, you're going to going to run out there and bring in your laptop and start plugging cables?
Also most laptops cannot play pre-recorded high definition ATSC streams like this box can and most laptops cannot put out digital audio like this box and most laptops do not have connections for HDTVs like this box does. And all laptops have hard drives and most have fans that generate noise, unlike this box.
This DVD player had a lot more to offer than a laptop for a living room.
It has been a stock pump-n-dump scheme for them from the beginning. Public opinion of the company directly relates to investor confidence. In the early days of this fiaSCO they had the media and the financial analysts on their side and the stock rocketed to $22 from $1. Since then the masses have wisened up a bit and the stock is now at about $3.70.
They would like to beat this dead horse back up a bit somehow. Hasn't really been working.
> Now if you change your mind and say it was a sell option that made you all that cash, your credibility might actually go up...
You think you know what you are talking about but you dont. There are not options available for SCO. I did make about $140k on shorting SCO. How? See my other message in this thread:
> mention "computer equipment" without any specifics.
2 x Samsung 243T displays. About $4k. 2 x Dell 1800FP displays. About $1k.
And some other random electronics.
> You mention shorting stock, without saying how > much, nor do you mention annything that gives > any idea how much, other than "a quarter of the proceeds".
Total investment was about $70k. With margin I was able to double it to about $140k. Also my broker let me borrow more as my account value kept rising when the SCO stock was sliding. So I shorted more and shorted often. I started shorting SCO when it was at about $18 and got out at $4.05. When all was said and done I had about $210k in my brokerage account at Vanguard.
> I think you're full of it. If what you said was > real, you wouldn've given SOME details on such a beneficial transaction!
> How much did you invest? When? Where did you go > to invest? What was your ROI? How long did you > wait? What was the term of the short?
> In short, you are full of crap.
How confident are you of that statement? How much are you willing to bet? I do have the brokerage statements as evidence.
Many Linux geeks including myself shorted the SCO stock and made large amounts of money. In my opinion that is another good thing that came out of this fiaSCO.
Thanks to SCO I have a brand new SUV and some really really nice computer equipment. And I am not even done spending a quarter of the proceeds from my successful SCO short transanction. I would actually like to thank Darl and the gang for the money. I am just not sure what the best way of doing this would be.
Maybe I'll send them a card and thank them for lying through their teeth and pumping up a worthless stock. I am sure they'll appreciate it.
I too am a regular Groklaw reader and really really wish they had moderation. As it is there is just waaay too much noise in the comments. I usually end up only reading a couple of "first posts" and then leaving. I would be very interested in reading some of the really interesting comments if they could somehow be bubbled up like it is here.
I donated a little money earlier today and suggested to PJ that she turn on moderation for Groklaw. She doesn't have to, but if enough of us did that she might reconsider it. I will continue to visit Groklaw on a daily basis regardless though.
Slashdot Mirror
They apparently gave this guy a million dollars as a signing bonus. Do they get that back?
The short sellers dont have to buy to cover if SCO goes under and their stock stops trading. Your broker will not require you to cover, if the stock no longer exists.
I am currently short on this stock and planning to stay short as long as it takes. Most of the shorts I know are planning to stay short until the very end. And the end is near for SCO as they are running out of money fast.
You want Intel software to support AMD?
Why should they do that? Intel develops this software for their processors as an added value for buying their processors. Nobody is preventing AMD from doing the same.
and burns. I have upgraded it a dozen times, but the reliability hasn't improved much. Overall it feels very rough around the edges unlike Firefox, which behaves like a mature application.
This is on Windows. I have used Gaim on Linux and while it did not crash there as much, it still felt clunky.
Trillian I think is even worse. My personal opinion ofcourse.
I personally know of several people who could not use their credit cards at Skype. Its a shame.
I personally have had mixed results. Sometimes my credit cards work and sometimes they dont. I have never had this sort of trouble with an online vendor before.
All I want is a silent MythTV frontend that can do HDTV decode.
I have been looking and looking and looking without much luck.
One of the reasons the US colleges have so many Indian grad students is because that is the only way many Indians can come to the US: Get a student visa.
The process for getting a job and later a green card is relatively straight-forward. The hard part is staying in school and paying for it. Many get teaching assistant jobs to help pay for college.
>> but end up losing potential candidates to competition.
> You're not paying enough.
Pay was never the problem. We offered to pay the asking price. We lost these people for other reasons: One employer offered a permanent position, the other promised very interesting work, the other was closer to home etc. etc.
The point I was trying to make was that we are seeing a healthy competition for skilled Linux engineers.
I manage a small Linux team at a large semiconductor company. About 6 months ago I got authorization to hire 3 contractors for mid to long term work on Linux (everything from drivers to tools). We have only been able to hire 1 person. We have interviewed several people, made a few offers but end up losing potential candidates to competition.
I have interviewed a few people who claim they know how to write Linux device drivers but cannot explain how to compile the kernel.
In my experience, experienced Linux people are hard to find these days.
[Speaking for myself and not my employer ofcourse.]
I have bought their earlier mp3 players, speakers and other products. All of these products had one thing in common. They were of extremely poor quality. The batteries on my 6GB Nomad Jukebox lasted what seemed like 20 minutes. When you were playing music scrolling around the menus became painfully slow. Their speakers make hissy noises when powered and not connected to anything. Their software is clunky at best. I am never ever buying another Creative product.
> but that's also money that could have been invested in hiring software people to help improve their products
Most of the new money came to SCO from Baystar, Microsoft and Sun. I believe all 3 of these wanted SCO to put the hurt on IBM and Linux. None of these companies wanted SCO to develop any products. Baystar actually said it in no uncertain terms in several interviews they did.
> Here's a question for some legal expert. Since Boies et al were paid in stock a while back, they are now a major stockholder in SCO...
This was the plan but it never did happen this way. SCO ended up paying ~ $8mil. cash. We dont know why the lawyers did not want stock anymore. Maybe because they realized it was worth less than toilet paper in the end.
Funny thing is last year when Boies agreed to be paid in stock (it was flying high then) he said in the investor conference call that getting paid in stock is a bit unusual but they do it when they are confident of the direction of the company.
I wonder what changed?
[From Yahoo Finance Posting by stdsoft0]:
Investors need to be very, very careful. The wording of the legal fee "cap" announcement is highly deceptive.
While it may sound good to the uninformed, the legal fee "cap" does nothing practical to help SCO with the legal expense problem. Taken together, the following statements from the 8-K filing are HIGHLY misleading:
Statement 1:
"For future legal fees, the Engagement Agreement will require SCO to pay to the Law Firms $2.0 million per quarter for each successive quarter beginning September 1, 2004 and ending December 1, 2005..."
Statement 2:
"SCO's purpose in entering into the Engagement Agreement was to limit the cash expenditures needed to pursue the SCO Litigation to approximately $31 million, until the litigation with IBM concludes."
Taken together, SCO is saying that the litigation with IBM will end by December 2005. The problem, though, is that only the FIRST round of court action with IBM will have concluded by 12/2005. For the sake of argument, consider the highly unlikely event that SCO wins some sort of favorable decision. The appellate process will have only just begun. The odds of a decision being sufficiently favorable to warrant additional equity investment is highly unlikely, and SCO will be out of cash. Further, SCO is likely to still be defending against counter-claims.
Just finished watching this and I thought it was very interesting. The filmmakers tried very hard to present just the facts without twisting them:
i ce2004/view/
http://www.pbs.org/wgbh/pages/frontline/shows/cho
Just finished watching this and I thought it was very interesting. The filmmakers tried very hard to present just the facts without twisting them:
i ce2004/view/
http://www.pbs.org/wgbh/pages/frontline/shows/cho
It is very likely that the DivX (MPEG-4) and other video decoding is being done by a dedicated hardware decoder.
Let me know when it can decode 1080i MPEG-2 video.
So everytime you or any member of your family wishes to watch a DVD or a high definition video clip of CSI recorded over the air, you're going to going to run out there and bring in your laptop and start plugging cables?
Also most laptops cannot play pre-recorded high definition ATSC streams like this box can and most laptops cannot put out digital audio like this box and most laptops do not have connections for HDTVs like this box does. And all laptops have hard drives and most have fans that generate noise, unlike this box.
This DVD player had a lot more to offer than a laptop for a living room.
My MythTV backend server sits in the garage. I need a small quiet frontend like this DVD player that can play high def. video.
We are not there yet.
Xbox cannot play High Def MPEG-2 video like this box can and also Xbox is not quiet like this box is.
Sigma 8620L that is used in this player does not support GMC.
They would like to beat this dead horse back up a bit somehow. Hasn't really been working.
Also see the SCO's insider stock sales graph.
The red arrows are sales by insiders and blue are purchases. Notice how there are no blue arrows. Even at the current low price of their stock.
> Now if you change your mind and say it was a sell option that made you all that cash, your credibility might actually go up...
You think you know what you are talking about but you dont. There are not options available for SCO. I did make about $140k on shorting SCO. How? See my other message in this thread:
http://yro.slashdot.org/comments.pl?sid=121823&
If you still feel strongly that I am not telling the truth then please put up some money and I will prove it to you.
> I call bullshit.
Based on what?
> You mention an SUV without a model number. You
Suzuki XL-7 fully loaded. About $25k.
> mention "computer equipment" without any specifics.
2 x Samsung 243T displays. About $4k.
2 x Dell 1800FP displays. About $1k.
And some other random electronics.
> You mention shorting stock, without saying how
> much, nor do you mention annything that gives
> any idea how much, other than "a quarter of the proceeds".
Total investment was about $70k. With margin I was able to double it to about $140k. Also my broker let me borrow more as my account value kept rising when the SCO stock was sliding. So I shorted more and shorted often. I started shorting SCO when it was at about $18 and got out at $4.05. When all was said and done I had about $210k in my brokerage account at Vanguard.
> I think you're full of it. If what you said was
> real, you wouldn've given SOME details on such a beneficial transaction!
> How much did you invest? When? Where did you go
> to invest? What was your ROI? How long did you
> wait? What was the term of the short?
> In short, you are full of crap.
How confident are you of that statement? How much are you willing to bet? I do have the brokerage statements as evidence.
Many Linux geeks including myself shorted the SCO stock and made large amounts of money. In my opinion that is another good thing that came out of this fiaSCO.
Thanks to SCO I have a brand new SUV and some really really nice computer equipment. And I am not even done spending a quarter of the proceeds from my successful SCO short transanction. I would actually like to thank Darl and the gang for the money. I am just not sure what the best way of doing this would be.
Maybe I'll send them a card and thank them for lying through their teeth and pumping up a worthless stock. I am sure they'll appreciate it.
I too am a regular Groklaw reader and really really wish they had moderation. As it is there is just waaay too much noise in the comments. I usually end up only reading a couple of "first posts" and then leaving. I would be very interested in reading some of the really interesting comments if they could somehow be bubbled up like it is here.
I donated a little money earlier today and suggested to PJ that she turn on moderation for Groklaw. She doesn't have to, but if enough of us did that she might reconsider it. I will continue to visit Groklaw on a daily basis regardless though.