Posted on 12/27/2007 10:21:51 AM PST by Salo
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On September 18, 2007, The SCO Group, Inc. (the “Company”) received a Nasdaq Staff Determination letter (the “Determination”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market indicating that, as a result of the Company’s having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Staff determined, using its discretionary authority under Nasdaq Marketplace Rules 4300 and IM-4300, that the Company’s securities would be delisted from The Nasdaq Stock Market and that trading in the Company’s common stock would be suspended unless the Company filed an appeal of the Determination.
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.
http://edgar.sec.gov/Archives/edgar/data/1102542/000095013407026193/v36780e8vk.htm
Tech pings.
Wow! Karma WORKS! Bastages.
And I’m still running Linux bozos!!! (And I ain’t paying SCO a dime for it)
A liitle help for those of us not familiar with “SCO”?
What do they do (or not do)?
A late Christmas present!
A tech company that tried to claim ownership of linux and sue anyone distributing it. They got their butts handed to them in court.
If you want a long, detailed - and accurate :-) - history of SCO, hit groklaw.com.
Thanks!
Too bad they tried to extort the Nazgul (a newly affectionate term for IBM's legal department).
The execs have a future as carnival geeks.
Trading sym is now SCOX.PK (”PinK” sheets)
for those following this downhill racer.
Went below its historic low on the news.
Could go below a dime without too much more gravity.
What goes around...
Does this mean all the legal kerphuffles go away? Twould be a good thing if true.
Trying to license the un-licensable...several millions of dollars,
Earning the scorn the target deographic...several millions of dollars,
Getting de-listed because your business model is inflexible...priceless!
SCOXQ.PK
For a minute there I thought you were describing RIAA. Before SCO embraced lawyers, did they do anything good in their earlier history?
I’m surprised they haven’t sued yet. Perhaps they can’t scrape together the filing fee.
They have no history, their entire reason for existence was to operate this shakedown racket. I think they thought that they could just scare enough people into rolling over for the licensing fee deal but then they got ambitious and went after some groups that could and would fight. I think their fatal mistake was taking on IBM.
> SCOXQ.PK
Yep. Even though I had a bookmark for it, I wasn’t
expecting it to get tagged with both a Q (bankrupt)
and a .PK (PinK sheets), and missed that.
Curiously, Yahoo Fin has decoupled the price history
of SCOX from SCOXQ.PK.
The NASD sure took it’s sweet time getting around to
the obvious.
Before SCO embraced lawyers, did they do anything good in their earlier history?
Must be prepared to take one the largest IT companies in the world and lie repeatedly under oath.
Cash will be paid to company's management, but must be funneled through third-party banks.
Prior success in any field is not necessary, but any record of being able to cause Fear, Uncertainty and Doubt in the minds of business people about Linux will be considered a plus.
Send business plan to: S. Balmer, One Microsoft Way, Redmond WA.
Ability to dodge flying chairs a plus......
It's a long story, but you can roughly think of SCO as being the RIAA of computers.
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