
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."
Member since:
2005-08-18
Say what? What racism? I dont see why I'd have to put silly smileys in order for people to understand it's a joke. If someone's too dense to get it without having it pointed out to them, tough luck.
Edit: Gee, I guess that's why it's modded down. No humor please, we're on osnews. This must be what Thom feels like every time he posts a comic.
Edited 2008-02-15 07:47 UTC