Linked by Thom Holwerda on Sat 29th Dec 2007 21:54 UTC
SCO, Caldera, Unixware The Nasdaq market has delisted The SCO Group, the Linux-seller-turned-Linux-litigant now in Chapter 11 bankruptcy protection. The company's shares were taken off the Nasdaq because of the bankruptcy proceedings, the company said Thursday in a statement. The company had appealed Nasdaq's decision to do so but lost its appeal on December 21, the company said in a regulatory filing with the Securities and Exchange Commission.
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They're Still Listed Until.....
by Ranger on Mon 31st Dec 2007 16:59 UTC
Ranger
Member since:
2006-05-03

Even though they're on the hook to be de-listed, they haven't been as yet.

The entire de-listing action is a process within NASDAQ. SCO received the letter from NASDAQ in September and have until late March to appeal the action. When a company is to be de-listed, it doesn't happen right away. The company is given a 180-day period to appeal and try to reverse the decision.

I find it interesting that they changed they're symbol from, 'SCOX,' to, 'SCOXQ.PK.' This was done pretty recent because I was checking their stock prices & watching it plummet.

They're still listed and I'm sure they'll be trying to pull something before the March deadline.

If they do get de-listed, we could be seeing;

"Hi, I'm Darl. Welcome to Wal-Mart. Here's a sticker for your child. I own the trademark for the design on this sticker and have lawsuits pending against Wal-Mart & many others for using it without paying me to do so."

We haven't seen the last of these folks, yet......

Unfortunate but true.

Reply Score: 2

sbergman27 Member since:
2005-07-24

"""
The company is given a 180-day period to appeal and try to reverse the decision.
"""

I thought they'd had their appeal already and lost earlier this month.

Anyway, good thing Thom is working on the OSNews Comic Strip project. Otherwise, when The SCO Group finally *is* over and done with, what would we do for laughs around here?

Reply Parent Score: 2

sbergman27 Member since:
2005-07-24

Replying to myself... I was right. It's mentioned in the linked story, but here is the quote from SCO's 8k filing:

"""
The Company filed for an appeal of the Determination. On November 8, 2007, the Company had a hearing before the Nasdaq Listing Qualifications Panel (the “Panel”) to review the Determination.

On December 21, 2007, the Company received a letter from the Panel, informing the Company that the Panel had determined to delist the Company’s securities from The Nasdaq Stock Market and will suspend trading of the securities effective at the open of business on Thursday, December 27, 2007.

"""

The fat lady has sung. :-)

Reply Parent Score: 2