[mdlug] SCO Group files Chapter 11...

[Rich Clark <rrclark@rrclark.net>]

On Sat, 15 Sep 2007, Michael Corral wrote:

> 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.

Unfortunately, that trial's been put off. Any bankruptcy proceedings 
automatically halt all pending legal action until the bankruptcy court can 
sort things.

> 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. :)

Oh, Dan "Lyin'" Lyons. Ain't he a peach?