Linked by Thom Holwerda on Thu 14th Feb 2008 21:06 UTC
SCO, Caldera, Unixware 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."
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RE[2]: Snippets from Groklaw
by pepa on Fri 15th Feb 2008 09:00 UTC in reply to "RE: Snippets from Groklaw"
pepa
Member since:
2005-07-08

OK, it might not even prolong the FUD much. To up the ante on the Black Helicopters: it might be an attempt to cover up some nasty links that SCO has with 'certain parties'..!

Or do you have a reasonable explanation why this offer has come??

Reply Parent Score: 2

RE[3]: Snippets from Groklaw
by glarepate on Fri 15th Feb 2008 19:31 in reply to "RE[2]: Snippets from Groklaw"
glarepate Member since:
2006-01-04

Sure!! This is a completely reasonable offer to help them stay in business so that they can transition their unbelievable wireless products to .NET. Nothing to do with FUD, backroom backstabbing or Saudi Princes investing in dead operating system resellers who have NEVER EVER made a profit in their entire history (now that the court has ruled that the only profit they ever declared was Novell's money which tSCOg illegally converted to their own use).

Besides, that's not a black helicopter, it's an IBM lawyer. One of a sizeable group referred to as the Nazgul...

Reply Parent Score: 2