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SCO to file bankruptcy plan tomorrow
SD Times ^ | December 30, 2008 | Jeff Feinman

Posted on 12/31/2008 4:20:50 PM PST by antiRepublicrat

After a great deal of courtroom drama and mounting legal fees, the SCO Group is expected to file its Chapter 11 bankruptcy plan in court tomorrow.

Jeff Hunsaker, SCO’s president, wouldn’t provide exact details of the plan, but he said the reorganization will hopefully help the company come out of Chapter 11 bankruptcy, which the company filed for in September 2007.

Utah-based SCO has been up to its ears in legal battles over the years, a notable one being a suit against Novell over who was the true owner of Unix. In August 2007, a U.S. District Court Judge ruled that Novell had retained the copyright to Unix after a 1995 agreement with SCO, declaring Novell the owner of Unix.

In November 2008, a federal court judge issued a final judgment in the case, reiterating much of the original order. As part of the order, Novell was granted an award of US$2.5 million, which was increased by $918,122, plus $489 per day after Aug. 29, 2008.

(Excerpt) Read more at sdtimes.com ...


TOPICS: Business/Economy; Government
KEYWORDS: bankruptcy; ibm; novell; sco; scpwned
Is it normal for the bankruptcy of a relatively small company to go over a year without a reorg plan even being filed?

In addition to Novell, SCO also had lawsuits against AutoZone, IBM and Red Hat

Not quite. Red Hat sued SCO, and they've waited five years without so much as being an inch more towards justice.

1 posted on 12/31/2008 4:20:51 PM PST by antiRepublicrat
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To: antiRepublicrat; N3WBI3; ShadowAce; Ernest_at_the_Beach

2 posted on 12/31/2008 4:23:11 PM PST by martin_fierro (Rest in Peace, Marshall T.)
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To: antiRepublicrat

SCO should have been made defunct years ago and saved a whole lot of people the hassle. We stopped selling their stuff in 2000 and everyone in support applauded.


3 posted on 12/31/2008 4:24:20 PM PST by SoDak (Molon Labe)
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To: antiRepublicrat

kind of amazing it’s lasted this long.


4 posted on 12/31/2008 4:25:31 PM PST by the invisib1e hand (revolution is in the air.)
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To: antiRepublicrat

SCO was a crap company, they sold a crappy product, and they acted like they were God’s gift to the computer industry.

I wish they would go completely under and save the world the extended headaches they have caused and exacerbated.


5 posted on 12/31/2008 4:39:37 PM PST by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: antiRepublicrat

So are we saying that doing nothing to enhance or differentiate your product and filing lawsuits against your competitors and their customers is NOT a good business model?


6 posted on 12/31/2008 4:58:27 PM PST by InABunkerUnderSF (Illegal Immigration is not about the immigration. Gun control is not about the guns.)
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To: antiRepublicrat
SCO stopped being a software company and turned into a pile of lawyers trying to make money via lawsuits. The end can't come soon enough.
7 posted on 12/31/2008 5:07:41 PM PST by Myrddin
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To: antiRepublicrat

The original Santa Cruz Operation (SCO) was pretty cool with a solid Unix subset called Xenix for the old 8086-based PCs and a very nice full blown Unix for 286, 386, & 486s. The company later sold the *nix stuff to a bunch of rats called Caldera along with the name “SCO” and they changed themselves to Tarantella, which was acquired by their California neighbors Sun Microsystems. Basically, they made X desktop stuff.


8 posted on 12/31/2008 5:28:15 PM PST by advance_copy (Stand for life or nothing at all)
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To: martin_fierro
Left off the rest in piece!!!
9 posted on 12/31/2008 7:51:50 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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