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]: Happiness and fulfullment!
by lemur2 on Sat 15th Sep 2007 13:17 UTC in reply to "RE: Happiness and fulfullment!"
lemur2
Member since:
2007-02-17

Drop McBride and drop the IBM lawsuit. They might just survive the wrath of Novell.


Even if SCO completely drops the lawsuit against IBM, it does absolutely nothing to remove IBM's counterclaims against SCO.

http://www.groklaw.net/article.php?story=20051008121353992&query=ib...

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

Edited 2007-09-15 13:18

Reply Parent Score: 3

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