Linked by Thom Holwerda on Thu 6th Mar 2008 16:21 UTC, submitted by SReilly
SCO, Caldera, Unixware The SCO Group plans to emerge from Chapter 11 soon and revealed that not only will it modify its business strategy towards mobile products, it will also replace chief executive officer Darl McBride and pick up the Linux and Unix license lawsuits against IBM and Novell. The new owner of The SCO Group, investment firm Stephen Norris Capital Partners, is planning to open a new chapter in SCO's Linux lawsuit history, which started back in March of 2003 when the company filed a USD 1 billion suit against IBM. As part of its plan organization, SCO announced that it will appeal the proceedings, which will begin with an appeal against a key decision in favor of Novell from August 10, 2007, which also impacts the lawsuit against IBM.
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McBride "regrets" that he is being "pushed out" of the company. "Clearly when we draw up a battle plan for what we've been working for the last several years, trying to get SCO's intellectual property rights fought through in the courts and the marketplace, the endgame didn't have this sort of outcome for me personally,"

No one would have to throw me off a burning ship.

What I can't figure out, SNCP's motivation. Maybe a phony deal that'll fall through at the last second, a last-ditch effort to pump-and-dump the worthless stock?

Edited 2008-03-06 18:10 UTC

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