SCO hopes selling Unix will raise $36 million
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The SCO Group plans to sell its Unix assets--but not its big Linux lawsuits--to York Capital Management for up to $36 million.
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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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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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IBM is trying to use SCO as a punching bag this week as Big Blue fires off another motion for partial summary judgment in its legal slugfest over Linux and Unix copyright issues.
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Chipmaker will pay Big Blue nearly $300 million, but move should help in competition with Intel.
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IBM  is reportedly in talks to sell its personal computer business in a deal that could be worth up to &#36;2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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On Mar. 6, Clearwire, the company headed by wireless pioneer Craig McCaw, is expected to sell shares in what could be one of the most talked about -- and sought-after -- tech initial public offerings of the year.
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Oracle Corp. raised the stakes in its hostile bid for PeopleSoft Inc. Monday by increasing its offer to $24 per share, boosting the value of the proposed merger to $9.
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The business software maker hopes to prod rival Oracle into raising its current bid by $1.5 billion.
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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¦
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A federal judge in Utah has ordered IBM to turn over more programming code to The SCO Group Inc., whose lawsuit accuses IBM of illegally inserting proprietary Unix code into the Linux operating system.
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The Lincolnshire, Ill.-based company's stake in Mobile Satellite Ventures LP may now be more than &#36;7 billion, according to one estimate.
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In auction-style public offering, hosted-software maker seeks to raise $75 million--and to stay under Larry Ellison's control.
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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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Move should open the way for the Linux seller to buy other companies.
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The SCO Group, committed to an expensive legal attack against Linux, said Tuesday it has removed some financial uncertainty from its future by working out an agreement to cap payments to its law firm.
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LA JOLLA, Calif., March 1  /PRNewswire-FirstCall/ -- PICO Holdings, Inc.  announced today that it has entered into definitive agreements to sell 2,823,000 shares of newly-issued common stock to institutional investors at a price of $37 per share.