SCO going through problems
And it could not be happening to a nicer company. These were the people who claimed that Linux contained sections of their proprietary Unix code and instituted a number of lawsuits and offered licensing options to various companies. In effect, they went from a company selling Unix to a company whose source of income was litigation.
If you track their stock price, it seemed to work well for them but the house of cards is starting to fall apart.
From
Slashdot:
bq. ...the Royal Bank of Canada is divesting itself of SCO stock. They're selling part of their preferred stock to Baystar, which has already indicated that they want to redeem their shares, and converting the rest to regular stock, which they can presumably sell on the open market.
bq. In other SCO news, Versicherung writes "The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce. The cuts come less than a month after the company brought on a new chief financial officer and just before the company ended its second fiscal quarter April 30."
A two-year view of SCO stock prices can be
seen here
Would have been nice to buy a bunch last March but the show is over for now...
Posted by DaveH at May 7, 2004 3:48 PM