Quantcast

Forum Login

feed image
Directory News Latest News

SCO Finally Sues Itself Into A Hole PDF Print E-mail

sco_logo.jpgAfter years spent suing everyone on earth, rather than innovating or adapting to the realities of a changing market, SCO Group files for Chapter 11 Bankruptcy in U.S. Bankruptcy Court in Delaware Friday. This basically ends the upcoming SCO vs. Novell trial, which was set to begin Monday. We hope anyone who has vaguely paid attention to industry news the last few years had the sense to dump SCO stock years ago. The Inquirer Reports...

ON FRIDAY AFTERNOON, both SCO Group and its subsidiary SCO Operations, Inc. filed voluntary petitions for Chapter 11 bankruptcy in US Bankruptcy Court in Delaware.

Trading in SCOX was halted on the NASDAQ exchange ahead of the news but resumed before closing. SCO stock lost 43% on the news, ending the day at 37 cents per share.

The bankruptcy filing canceled the SCO v. Novell trial that had been scheduled to begin Monday in the courtroom of US District Court Judge Dale A. Kimball. It automatically stayed that lawsuit and all of SCO's other pending litigation with IBM, Autozone and Red Hat.


Add this page to your favorite Social Bookmarking websites
Reddit! Del.icio.us! Google! Live! Facebook! Slashdot! Technorati! StumbleUpon! MySpace! Yahoo! Free social bookmarking plugins and extensions for Joomla! websites!
Comments
Add NewSearchRSS
Write comment
Name:
Website:
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
Security Image
Please input the anti-spam code that you can read in the image.

Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.

 
© 2003-2008 Fastsilicon Media. All Rights Reserved