SCO&#39;s Finances Reverse As Legal Fees Mount
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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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In its quarterly 10-Q filing with the US Securities and Exchange Commission on Tuesday, UNIX provider SCO Group expressed its fears that, if it were faced with a judgment ordering it to pay Novell for several years of using UNIX trademarks recently found to have been owned by Novell all this time, it may not be able to continue business.
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The move is a reversal of fortune that could open the door for other banks to recoup losses.
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The SCO Group, the software maker that sued I.B.M. for copyright infringement, filed for bankruptcy yesterday, 10 days after conceding that much of the case should be dropped.
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The SCO Group Inc., licenser of the Unix operating system, filed for bankruptcy protection Friday, drained by unsuccessfully filing lawsuits claiming its software code was misappropriated by developers of the open-source Linux operating system.
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A month after a devastating legal ruling, The SCO Group says it's filed for Chapter 11 bankruptcy protection while it reorganizes.
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Litigation is draining the cash of this longtime Unux vendor.
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TechWeb - Last week, SCO reported a second-quarter loss of $1.1 million on revenue of $6 million.
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In the 17 months SCO Group has waged its multiple-lawsuit war over its alleged rights to Linux, Groklaw has been the festering thorn in the Utah software company&#39;s side.
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Legal fees loom as ImClone loses a patent dispute.
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Legal and research expenses drag its bottom line down.
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The SCO Group Inc. filed for Chapter 11 bankruptcy protection, just a month after losing several key court rulings in its legal fight against Novell Inc., IBM and others over what it asserts is the company's Unix intellectual property.
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With its cash reserves running out and its legal case against IBM unravelling, The SCO Group now says there is doubt that it will remain afloat.
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With its cash reserves running out and its legal case against IBM Corp. unravelling, The SCO Group Inc. now says there is doubt that it will remain afloat.
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Red Monk&#39;s Steve O&#39;Grady told LinuxInsider that SCO&#39;s decision shows a lack of understanding of what drives Groklaw. &quot;The value of Groklaw is the community itself, with people attending
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Business & money: Ill-judged comments saw deluge of customers reclaiming bank charges, says lawyer
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If you don&#39;t protect your intellectual property now, you risk having your business sacked by open source-touting bandits. Yes, SCO head Darl McBride is back and he&#39;s still angry.