SCO bags $100m to fight another day
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The company that refused to die It's Alive! SCO is bouncing back from Chapter 11 and taking itself private, thanks to the munificence of a private equity firm.â¦
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BREAKING NEWS - After the close of business Friday, the SCO Group - which was recently found not to own the UNIX trademark after all - announced it would be filing for Chapter 11 bankruptcy protection.
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This big company announces a dramatic new direction: To free up $100 million to feed product development, its outsourcing finance, purchasing, HR, engineering, accounts payable -- and IT.
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By Tricia Duryee, Seattle Times  Mar. 9--Craig McCaw knows how to raise money.   The wireless entrepreneur did it again this week, reaping $600 million in the public markets for Clearwire, which is building a nationwide wireless broadband network.
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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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Samsung Electronics, the worldâs second-largest memory-chip maker, said on Thursday it would make a $100m provision against possible fines in an ongoing US antitrust investigation.
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Ziff Davis - A SCO spokesman says the company has completed its arranged settlement with its former financial backer without fanfare.
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The Roman Catholic Diocese of Orange County has reached a record settlement, at least $100 million, with 87 victims of sexual abuse.
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Legal fees down The SCO Group saw its business ebb away during the third quarter, as both revenue and sales continued their steady migration southwards.â¦
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NOVEMBER 02, 2004 (IDG NEWS SERVICE) - The SCO Group Inc. is reconsidering its plans to launch an alternative to the Groklaw.net Web site that had been scheduled to go live this week, a company spokeswoman said yesterday.
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An anonymous reader writes &quot;SCO has filed for another delay in the case against IBM. The article reports that &#39;According to filings in the case, SCO is looking to buy time until the court can hear its arguments compelling IBM to release more information.
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The growing confrontation promises to be an epic business battle.
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The company has earned its nosebleed valuation.
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Prosco.net is in part a response to the popular Groklaw site, which was started last year in the wake of SCO&#39;s multibillion-dollar suit versus Big Blue.
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Unix vendor The SCO Group reported fourth-quarter revenue of $10 million, down 58.5% from the same quarter in 2003. For the full 2004 fiscal year ended Oct. 31, revenue was $42.8 million, down 45.9% from the previous year.
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The package is expected to include more than $100 billion in one-time tax rebates for individuals and an opportunity for businesses to rapidly write off their capital investments.
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Unix biz rushes to vanishing point The SCO Group's revenue kept on sliding during the first quarter, although the company did reduce losses.â¦