Linked by Thom Holwerda on Fri 14th Sep 2007 21:36 UTC, submitted by dylansmrjones
SCO, Caldera, Unixware Yahoo reports that SCO has filed [.pdf] for bankruptcy in order to protect assets. "The SCO Group today announced that it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. SCO's subsidiary, SCO Operations, Inc., has also filed a petition for reorganization. The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders, and employees." Groklaw has a story on it, too.
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RE[2]: haha
by mcduck on Fri 14th Sep 2007 21:59 UTC in reply to "RE: haha"
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I obviously won't miss CEO either, but I do want to add the nuance that I do feel sorry for the people that work there - they might lose their jobs and that's a very sad thing for those people and their families and friends.

Its a workers market. They can get new jobs. Jobs where they are paid to do what they do best, Code, instead of searching the Linux kernel for possible infriging code.

For the CEO, it think it will be a little harder for him to get a new job. Maybe the register at Wall-mart.
Oh wait that involves money. Sweeping the floors then.

Reply Parent Score: 7