SCO's Short-Term Win Won't Salvage Its Future
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Ziff Davis - Opinion: If SCO truly felt it had a winning case against IBM, it wouldn't make sense to delay as its once-successful business crumbles.
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PC maker says mergers and acquisitions aren't the way to succeed.
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Diversification is usually a road to mediocrity for small companies. The truly great ones stay focused.
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The SCO Group, which claims to own the UNIX code used in the Linux operating system, is poised to emerge from Chapter 11 bankruptcy with the help of private investors.
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It has been a bad quarter for the SCO Group in more ways than one.  The company experienced legal setbacks in its suit against  IBM and Linux users. Then there was the matter of its one-time stalwart financial backer, BayStar, looking very much as though it might bolt from the relationship at one point, due to differing opinions on SCO's overall strategy.
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The SCO Group is looking to cut expenses to make sure it has enough cash to push its lawsuit with IBM, the company announced during its third-quarter earnings conference call yesterday.
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The SCO Group has been removed from the Nasdaq Stock Market because the company declared bankruptcy in Septembe...
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The company is surviving, but it's hardly inspiring.
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$1.20 to go SCO Group shares went south in a hurry during Friday's trading, as investors reacted to the company's legal misfortunes.â¦
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Lodges filing with SEC The company at the centre of an intellectual property dispute with IBM that has lasted for years is facing the prospect of financial ruin. The SCO Group said it may be unable to continue operating as a company.â¦
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Stock fails HA test too The poor SCO Group can't get much right these days, including keeping its high availability clusters highly available.â¦
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OCTOBER 13, 2004 (IDG NEWS SERVICE) - After a year and a half of being flamed, dissected and dismissed on the Groklaw.net Web site, The SCO Group Inc.
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(InfoWorld) - With its cash reserves running out, the SCO Group has filed for bankruptcy protection. The Lindon, Utah, company made the announcement in a news release issued Friday afternoon. "The Board of Directors of The SCO Group 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 statement said. SCO expects to "maintain all normal business operations throughout the bankruptcy proceedings." Once a respected vendor of the Unix operating system, SCO is now best known as the plaintiff inÂ a long-running lawsuit against IBMÂ related to the computer giant's support of the Linux operating system. SCO has claimed that IBM inappropriately contributed to the development of Linux, but SCO's critics say that the lawsuit was simply a desperate attempt to reach a financial settlement from IBM, which has invested heavily in Linux over the years. The lawsuit had proved to be a costly one. SCO has been losing money for years as it has racked up millions of dollars in legal fees and seen its core Unix software business decline. Last month, it suffered a major legal setback asÂ a federal judge ruled that Novell, not SCO, owns the Unix copyright and that SCO would have to pay Novell for past licensing deals it had struck with Sun and Microsoft. The case is due back in court on Monday, when a judge is to begin evaluating how much SCO has to pay Novell. It was unclear Friday how the Chapter 11 filing might affect Monday's proceeding. SCO's stock has been hammered since March of 2003, when it first filed suit against IBM. On Friday it closed at $0.37, down 43 percent on the bankruptcy news. Â
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Shares in SCO Group Inc.  rallied as much as 34 percent on Thursday after the small software company won a legal victory in its multibillion dollar lawsuit against IBM over computer software code used in Linux.
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SCO Group has a plan to keep itself fit enough to continue its legal battles against Linux and to develop its Unix-on-Intel operating systems.
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CANNES, FRANCEÂ -- Protect your intellectual property (IP) now or risk having your business sacked by open souce-touting bandits, The SCO Group Inc. President and Chief Executive Officer Darl McBride warned an audience of tech industry leaders, analysts, and investors at the Etre conference here on Tuesday.
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A second-quarter profit doesn't erase concerns about this gambling company.