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]: Happiness and fulfullment!
by SReilly on Sat 15th Sep 2007 15:23 UTC in reply to "RE[2]: Happiness and fulfullment!"
SReilly
Member since:
2006-12-28

...it does absolutely nothing to remove IBM's counterclaims against SCO.

Nor does it do anything to stop RedHat's suit against SCO.


Very true, I forgot all about them. Thanks for pointing that out and refreshing my memory. :-)

It looks like its crunch time.

Reply Parent Score: 2