SCO says there is 'substantial doubt' it will survive
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With its cash reserves running out and its legal case against IBM Corp. unraveling, The SCO Group Inc.  says there is doubt that it will remain afloat.
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Almost fully functional Cluster Watch: Day 6 It may have been CEO Darl McBride or attorney David Boies, but someone has stepped up to fix the SCO Group's web site.â¦
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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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Ministers say they are confident of surviving a possible Labour rebellion over plans to replace Trident.
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InfoWorld - Following its bankruptcy filing, The SCO Group may be booted off of the Nasdaq stock exchange as early as next week, the Unix vendor said Wednesday.
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There may be too much doubt surrounding the big IPO.
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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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NEW YORK Marsh &amp; McLennan has a good chance of surviving despite the departure of Jeffrey Greenberg, its chief executive, as long as its outside directors understand that removing Greenberg is not the last but the first change they will have to make.
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Management has something to say about the future but won't tell us what it is.
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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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It's running out of cash and losing in court, and now SCO tells the SEC that things look bleak.
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Infoworld reports that SCO&#39;s briefly planned foray into Groklaw territory announced last month has been put on the back burner.
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Or can the home-improvement retailer remain sturdy despite the downturn?
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The SCO Group is working on a deal with its lawyers to cap the costs of its legal battle over Linux although it claims to be &quot;well positioned&quot; to pursue its current litigation through to its conclusion.
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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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The company's latest earnings met analysts' estimates but uncertainty still lingers.
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SCO Group's faltering attack on Linux faces another threat as Big Blue files motion seeking dismissal of contract claims.