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[3]: Wrong chapter
by Geoff Gigg on Sat 15th Sep 2007 14:04 UTC in reply to "RE[2]: Wrong chapter"
Geoff Gigg
Member since:

Isn't SCO doing this as a legal ploy? By filing under Chapter 11, the lawsuit is postponed. The only issue left was to determine how much SCO owes Novell from the money they withheld from licencing fees they got from Sun. Microsoft, etc.

So doing this allows SCO to delay the day of reckoning. I bet it was recommended to their board by their legal team. Pretty smart move on their part.

I'm afraid we'll be hearing from SCO for quite a long time yet, given their expertise at delaying tactics. Don't pop those champagne corks yet.

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