This page permanently redirects to gemini://gemini.techrights.org/2009/01/10/sco-bankruptcy-yard-sale/.

● 01.10.09

●● SCO is Having a Yard Sale

Posted in Courtroom, Finance, GNU/Linux, Law, Microsoft, Novell, SCO at 11:53 am by Dr. Roy Schestowitz

SCO memorabilia not out yet, except for the gavel

WHILST NOT everything must go, SCO is beginning to disintegrate a little more, starting with the shedding of some core assets.

=> ↺ the shedding of some core assets

The bankrupt SCO Group is planning to hold an open auction of its OpenServer product line and mobile business in an effort to separate its controversial intellectual property litigation from its product business, the Lindon company announced in a Chapter 11 reorganization plan filed Thursday.The plan is the second one filed after New York private equity firm Stephen Norris Capital Partners and a group of Middle Eastern investors last year backed off their initial $100 million offer to fund SCO’s comeback. York Capital Management, another New York private equity firm, also failed in its efforts to buy the company.[...]If and once the two assets are sold, SCO will focus entirely on its ongoing litigation over the disputed Unix code with IBM, Novell and others, which is now stayed because of SCO’s bankruptcy filing, he said.

So the strategy is… more litigation.

Norris, are you listening [1, 2, 3, 4, 5, 6, 7, 8, 9]?

=> 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9

According to this new report from SD Times, SCO refuses to just die. It requests another extended deadline, aiming for next week.

=> ↺ this new report from SD Times

The legally embattled SCO Group has requested an extension on the submission of its Chapter 11 bankruptcy reorganization plan. SCO has asked for the deadline for handing in its reorganization plan to be extended to Jan. 16, in what is the company’s fourth extension request. The company filed for bankruptcy in 2007.

Whatever the situation, Groklaw might sooner or later return to being active. And Novell will hopefully stop hiring Microsoft employees for top positions. █

=> hiring Microsoft employees for top positions

“…Microsoft wished to promote SCO and its pending lawsuit against IBM and the Linux operating system. But Microsoft did not want to be seen as attacking IBM or Linux.”

–Larry Goldfarb, Baystar, key investor in SCO

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.

Permalink  Send this to a friend

=> Permalink | ↺ Send this to a friend

=> Techrights

➮ Sharing is caring. Content is available under CC-BY-SA.