SCO Group has new partners
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A member of the Saudi royal family and private equity group are coming to the rescue of SCO Group, a company that claims it holds the copyright to software code that developers of the Linux open-source operating system stole.
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Enterprise Products Partners builds for the future.
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Lloyds TSB has tapped IBM as the key provider for its massive new VoIP infrastructure project. The new project will make Lloyds TSB the owners of one of the largest converged voice and data networks in Europe
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While still fighting in the courts and fresh from filing for Chapter 11 bankruptcy protection last month, The SCO Group could soon be selling its steadily-declining Unix business.In a filing Tuesday in U.S. Bankruptcy Court in Delaware, the Lindon, Utah-based company said it has received a "potential" $36 million offer for its Unix business from JGD Management, an umbrella business of New York-based investment firm York Capital Management. The filing has been posted on the Groklaw.com Web site, which has been tracking the legal records of the ongoing lawsuits between SCO, IBM, Novell, and others. In it, SCO reports that the offer includes money for its Unix business, litigation claims, and for litigation expenses.The bid is subject to approval by the bankruptcy court, according to the filing, and competitive bids could still be accepted from other potential buyers.SCO filed for Chapter 11 bankruptcy reorganization last month as it began seeking ways to stay in business amid mounting expenses and several legal rulings that have hurt its legal fights with IBM and Novell.If SCO gets out of the Unix business, it would continue solely as a mobile application platform vendor, which it has been working to become over the last several years.An SCO spokesman could not be reached for comment about the buy-out offer. A spokesman for York Capital Managament declined to comment on the matter.Three weeks ago, in an interview with Computerworld, SCO CEO Darl McBride said his company would continue to make moves to remain a viable business, despite the death knells sounded by some critics.According to the terms of the York offer, approval of the deal is required from the bankruptcy court by Nov. 9, with the transaction needing to be completed by Dec. 7.Computerworld is an InfoWorld affiliate
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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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Shares in SCO Group Inc. SCOX.O  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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Survival code The SCO Group has promised to stick around for at least another year.â¦
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The SCO Group Inc. is setting up a Web site to cover the latest happenings in its many legal disputes and as an alternative to the Groklaw.net, a popular Web site that has been highly critical of the company.
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SCO, possibly one of the few companies to regard litigation as its main revenue stream, is considering scrapping plans to launch a corporate &quot;pro-SCO&quot; law and review site.
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By Bob Mims, The Salt Lake Tribune  Dec. 15--Utah's SCO Group has asked a federal judge to reconsider  striking most of the claims from its $5 billion, Linux-related lawsuit against  IBM.   But they don't want anyone to know why.
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TechWeb - SNCP's business plan, according to SCO, includes launching new product lines and seeing the company through its legal problems.
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Siebel Systems (Nasdaq: SEBL) has named EDS as the charter partner in Siebels' new business process outsourcing (BPO) global strategic-alliance program. The agreement expands the relationship between EDS and Siebel to provide a set of high-value managed products and service offerings targeted at the BPO and customer relationship management (CRM) marketplaces.
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Industry associations from both countries have signed a pact to collaborate on semiconductor technology.
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Richard Mathias writes &quot;Following on from the posting a month ago, where SCO said it was going to launch a new website to counteract Groklaw and give its side of things - well, now the company looks like it&#39;s given up on the whole plan.
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A month after a devastating legal ruling, the SCO Group said Friday it's filed for Chapter 11 bankruptcy protection while it reorganizes.
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The Network Centric Operations Industry Consortium (NCOIC) formally introduced itself this week at a Tuesday (Sept. 28) press conference in Washington, DC The new group, consisting initially of 28 companies
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InfoWorld - 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.