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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Let this be a lesson
by Bit_Rapist on Fri 14th Sep 2007 22:01 UTC
Bit_Rapist
Member since:
2005-11-13

Hopefully this will help send a message to others in the industry who might be thinking of dropping real products and living off of IP fees and lawsuits that its not all peaches and cream!

I don't even know what they have to reorganize here, I'm pretty sure any *real* customers they had are long gone at this point. Might as well sell off the office furniture and shut the doors for good.

Reply Score: 7