SCO - Nice Knowing you.

[compiledkernel]

http://www.groklaw.net/article.php?story=20070914152904577

The entities list is actually intresting to read.

They say reorganization creates a better climate for them handle the challenge of both business and mounting legal issues....Like I didnt see that one coming.

[ComplexNumber]

haha whilst reading through the comments, i noticed that there's another complex number.

[Andrewie]

3 different sources:

http://www.news.com/8301-13580_3-9778778-39.html?part=rss&subj=news&tag=2547-1_3-0-20
http://arstechnica.com/news.ars/post/20070914-sco-files-for-chapter-11.html
http://www.groklaw.net/article.php?story=20070914152904577



SCO Group files for bankruptcy protection

Posted by Stephen Shankland

Three and a half years after launching a high-profile legal attack on Linux, The SCO Group has filed for Chapter 11 bankruptcy protection.

The Lindon, Utah-based company long has maintained that it had enough money to fight its costly lawsuits against IBM, Novell, Red Hat (which sued SCO proactively), AutoZone and DaimlerChrysler. But on Friday, a month after losing on a crucial legal ruling, the company admitted a grimmer picture.

"The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders and employees," the company said in a statement. Added Chief Executive Darl McBride, "We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business-critical operations."

Chapter 11 protects a company's assets from creditors during a reorganization.

IBM didn't comment, but Novell said it is evaluating its options. "U.S. bankruptcy law automatically stays the court case. We're assessing our options for how to pursue our interests," Novell said. A court case was scheduled to begin Monday to determine how much SCO owed Novell as a result of last month's ruling, according to Groklaw, a site that's closely monitored the case.

All of SCO's court cases now are on hold, a company representative said.
SCO has a complicated history. It went public as Linux seller Caldera Systems, then acquired the Unix business from the Santa Cruz Operation and renamed itself The SCO Group. It then scrapped its Linux business and sued IBM and others, alleging that Big Blue violated its Unix contract by moving proprietary Unix technology into open-source Linux.

However, the company's legal case was dealt a crushing blow in August, when the federal judge overseeing its case, Dale Kimball, concluded "that Novell is the owner of the Unix and UnixWare copyrights."

In the meantime, SCO has been trying to enliven its ever-shrinking business, selling its UnixWare software, and to expand into the mobile-device software market.

In June, SCO reported a loss of $1.1 million for the quarter ended April 30 on revenue of $6 million, a decline from $7.1 million in the year-earlier quarter. Legal costs that quarter totaled $1.1 million, a major decrease from $3.8 million the year before.




The war is over, lets go home.


I got this all from here: http://www.suseforums.net/index.php?showtopic=38805&st=0&gopid=197515&#entry197515

[dasunst3r]

I know of a song that's quite suited for this. It's from the Broadway musical Wicked, and it goes like this:

No one mourns the wicked
Now and that she's dead and gone
Now at last there's joy throughout the land

Here's a little something good for some laughs from Darl McBride's home page:

Other companies such as Delta Airlines, Texaco, Dow Corning, K-Mart, United Airlines, Toys R’ Us, Macy’s Department Stores and others have emerged from Chapter 11 protection after restructuring themselves for success. We intend to do the same.

[bonzodog]

http://www.channelregister.co.uk/2007/09/14/sco_bankruptcy_protection/

We all saw this one coming..... :D

[Daveth]

http://www.linux-watch.com/news/NS8426942136.html

same story, different words, same good news though

[bapoumba]

Threads merged.

[armandh]

or is this already old news
http://arstechnica.com/news.ars/post/20070914-sco-files-for-chapter-11.html

[loell]

its not old news :) , but i guess many are expecting that they will go down this road.

[mostwanted]

*dances*

[K.Mandla]

Threads merged.

[karellen]

R.I.P SCO. nobody will cry for you

[dasunst3r]

From my archives, here is an obligatory SCO image gallery:

The first one is pretty obvious...
Second one was from when someone hacked their site back in Thanksgiving of 2004...
And the last one is a wallpaper I obtained somewhere back in the day.