Home Messages Index
[Date Prev][Date Next][Thread Prev][Thread Next]
Author IndexDate IndexThread Index

[News] IBM Waves Goodbye to SCO's Case

IBM says SCO's legal claims are dead

,----[ Quote ]
| According to IBM, the impact on SCO's legal claims is devastating. "The 
| Novell Decision effectively forecloses all of SCO's claims [and] requires 
| summary judgment in favor of IBM on several of its counterclaims and 
| strengthens IBM's remaining counterclaims," it stated.   



SCO on the brink of financial collapse

,----[ Quote ]
| The company's share price had closed at $1.56 on Friday ahead of a court 
| ruling that Novell, and not SCO, was the rightful owner of the copyrights for 
| the Unix operating system. The price remained steady in early trading, 
| however, valuing the company at about $9.5m.   


Can Microsoft get its $12 million back from SCO?

,----[ Quote ]
| Microsoft played matchmaker back in 2003 when SCO needed money to help fund 
| its lawsuits agains IBM and various other Linux players and customers. 
| Microsoft suggested that hedge fund BayStar Capital invest $50 million in 
| SCO.   
| Microsoft also backed SCO’s play to convince other vendors and customers to 
| license SCO’s technology to avoid potential infringement lawsuits. (Maybe 
| that’s where Microsoft got its patent-licensing ideas ...)  
| One of the first companies to snap up two SCO licenses was Microsoft, to the 
| tune of $12 million, according to BusinessWeek. Sun Microsystems and Computer 
| Associates also bought into SCO’s plan.  


The Goldfarb Declaration - Updated: MS Statement

,----[ Quote ]
| According to the Declaration, Richard Emerson was not the only
| Microsoft employee Goldfarb was dealing with in connection with the
| BayStar investment in SCO. He mentions by name two others, from two
| other departments.


,----[ Quote ]
| "There you have it. At least a third of SCO's entire market
| capitalization, and their entire current cash reserves, is payoffs
| funnelled from Microsoft. Their 10Qs reveal that every other line of
| cash inflow is statistical noise by comparison. The brave new
| SCO source business model is now clear: sue your customers, shill
| for Microsoft, kite your stock, and pray you stay out of jail."


If this is true SCO’s execs are in BIG trouble

,----[ Quote ]
| SCO made a lot of claims during those press conferences, some of which never 
| made it to court and were quickly glossed over. At times it seemed like the 
| company was saying whatever it could while it had the chance. It’s no 
| coincidence that the public claims stopped once the legal nitty-gritty got 
| started.    


SCO Could Face Cash Crunch After Novell Trial

,----[ Quote ]
| The amount that SCO owes to Novell is now the primary focus of the case as it 
| moves toward a trial that's slated to start on Sept. 17. SCO's problem: It's 
| potentially on the hook for a sum that exceeds its total cash and assets.  


SCO Goes Bust in the Courtroom

,----[ Quote ]
| SCO essentially attempted a costly, time-consuming "Hail Mary" to score a big 
| payday. It might have better spent that time building products and getting 
| customers. What's more, it picked fights with big-name tech players who know 
| how to wage a court battle.   
| As of now, SCO's shares are trading at $0.51 apiece, and the company sports a 
| market cap of a measly $11.5 million. It's definitely a sobering example. 
| Foolish inventors looking at companies with similar strategies should realize 
| that they're more like lotteries than businesses.   


[Date Prev][Date Next][Thread Prev][Thread Next]
Author IndexDate IndexThread Index