Linked by Thom Holwerda on Thu 14th Feb 2008 21:06 UTC
SCO, Caldera, Unixware Having almost disappeared completely late last year, SCO says it has been resuscitated by a new financing plan. Under the terms of the deal, Stephen Norris Capital Partners and "its partners from the Middle East" will supply up to $100 million, enabling SCO to reorganize and launch a new series of products. SNCP will gain a controlling interest in the company, and take it private, allowing it to slip out of Chapter 11 bankruptcy protection. Update: As part of the reorganisation, Darl McBride will be let go. Buried in the proposed MOU (Memorandum of Understanding) between Unix vendor and Linux litigator SCO and SNCP is the note that "upon the effective date of the Proposed Plan of Reorganization, the existing CEO of the Company, Darl McBride, will resign immediately."
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Sell me some UNIX
by johndaly on Fri 15th Feb 2008 01:07 UTC
johndaly
Member since:
2006-01-16

Before people get to negative, SCO dose have two versions of UNIX, some other productsand a customer base and I'm sure there are enough people working there (just not the ones leading the company the last few years) that know that selling a product to customers is good way to make money.
Besides, the article sounds a bit like SCO is going to get coped up and sold of in portions. Either way, there is still some money to be made for the vultures.

Edited 2008-02-15 01:15 UTC

Reply Score: 2