[mdlug] SCO Group files Chapter 11...

[Michael Corral]

2007-09-14, Monsieur Rich Clark <rrclark at rrclark.net> a ecrit:
> ... presumably to protect its assets as it addresses potential financial
> and legal challenges. News announced this afternoon after trading in SCOX
> halts at approximately 1:00 p.m. Eastern today.
>
> Story via Yahoo!
>
> http://biz.yahoo.com/prnews/070914/laf040.html?.v=101
>
> I'm laughing my rear end off here!

Yep, SCO is dead.
There is speculation that they may file Chapter 7 sometime next week,
since the money that they still have to pay Novell, regardless of
Chapter 11, will be more than the company's value right now. Hopefully
that amount will be decided in the court proceeding on Monday. But it's
all just a matter of time now. They're dead, Jim.

Michael

P.S. This, uh, less than prescient Forbes article from 2003 is good
for some giggles now:
http://www.forbes.com/2003/06/18/cz_dl_0618linux.html

I especially like the part about "These guys in Utah are no dummies.
The crunchies in the Linux community should be paying more attention."

Too funny. :)