
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.
Member since:
2005-07-14
..McBride is probably not going to be the one suffering from this...
Thanks for the stock link... let's hope it makes shareholders realize that the FUD business is not profitable.