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[2]: haha
by SReilly on Fri 14th Sep 2007 22:18 UTC in reply to "RE: haha"
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Yea, I hope all the employees that get laid off find another job soon. I'd hate to think that more people than necessary have to lose out because of one bad apple.

As for Mr. McBride, he should have taken the advice of SCO's former CEO and left well enough alone.

I don't think it will take long for the board to realize that hiring an individual with a long history of patent trolling does not a good CEO make. Let's hope they don't take too long in coming to that conclusion.

Considering the future of SCO, I really don't mind if they come back as long as they quit it already with the lawsuits.

Well, it just goes to show that those old sayings often prove to be more relevant than expected, i.e. there is no such thing as a free lunch. :-)

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