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: Happiness and fulfullment!
by SReilly on Sat 15th Sep 2007 12:42 UTC in reply to "Happiness and fulfullment!"
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I don't see them emerging from Chapter 11. Protection from their creditors will likely not be enough. Their business is dead. And it's not coming back.

I can't see them emerging from chapter 11 either. All they're current products are outdated and as I have stated before, I don't know where they are going to find the money to foot the bill for either revamping openserver or development of this mobility platform Darl McBride was talking about.

The only people I see actually buying any newly released updates for openserver are existing customers and frankly, If they aren't migrating away at the speed of greased lightning following this news, then those customers need a new technology manager/director.

Even if they do manage to develop this mobility platform McBride is talking about, who the hell would buy a product from a company mired in debt and losing lawsuits against two of the industries heavyweights? They are going to get they're rear end sued off big time and will probably have to go into receivership.

There are a few things that make perfect sense for SCO right now. Drop McBride and drop the IBM lawsuit. They might just survive the wrath of Novell.

About MS, could you imagine the amount of money they would have to be hemoraging before they needed to file for chapter 11? Wow, now that would be a sight to see for years and years and years...! ;-)

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