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.
Permalink for comment 271487
To read all comments associated with this story, please click here.
RE[2]: Wrong chapter
by justin.68 on Sat 15th Sep 2007 10:00 UTC in reply to "Wrong chapter"
justin.68
Member since:
2006-09-16

They should be filing unter chapter 7. [...] Chapter 11 might allow them to stick around.

If they ever were to stick around after that their name would be a memento.

Reply Parent Score: 1