The SCO Group Inc., licenser of the Unix operating system, filed for bankruptcy protection Friday, drained by unsuccessfully filing lawsuits claiming its software code was misappropriated by developers of the open-source Linux operating system. The Lindon, Utah, company said it is seeking protection from creditors under Chapter 11 as it continues to license and improve Unix for corporate servers. "We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their critical business operations," Darl McBride, president and chief executive, said in a statement Friday.
McBride has blamed competition from Linux for operating losses and the ongoing slide in company revenues. The company said its operating loss in the quarter ending April 30 was $1.1 million. A year earlier, it lost $3.9 million. In August, U.S. District Court Dale Kimball ruled that Novell Inc., not SCO, owns the copyrights covering the Unix operating system. SCO licenses the Unix software for corporate servers. The case could leave SCO with a bigger liability: Kimball said SCO may owe Novell software royalties. "They were going to owe Novell a ton of money that they probably didn't have," said Rob Enderle, an industry analyst in San Jose, Calif. "They had been taking a major hit from legal fees and were burning through cash at a high rate. I don't think this is a big surprise."
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News source: Mercury News
McBride has blamed competition from Linux for operating losses and the ongoing slide in company revenues. The company said its operating loss in the quarter ending April 30 was $1.1 million. A year earlier, it lost $3.9 million. In August, U.S. District Court Dale Kimball ruled that Novell Inc., not SCO, owns the copyrights covering the Unix operating system. SCO licenses the Unix software for corporate servers. The case could leave SCO with a bigger liability: Kimball said SCO may owe Novell software royalties. "They were going to owe Novell a ton of money that they probably didn't have," said Rob Enderle, an industry analyst in San Jose, Calif. "They had been taking a major hit from legal fees and were burning through cash at a high rate. I don't think this is a big surprise."
View: Full Story News source: Mercury News
challenge Linux and something bad is going to happen lol
...and THAT is a good thing!
Poor SCO, your reputation is below hell and your business destroyed, you deserve to die
Last edited by Lasker on 15 Sep 2007 - 03:15
May a lifetime of embarrassment and humiliation follow you oh great Darl McBride!
It may take awhile but what goes around comes around...
NTP and EOLAS, you are next!
Seriously though, this made me feel a whole lot better
Although it surprises me that their board of directors did not toss out McBride a long time ago.
Caldera bought SCO; Caldera failed to make money so a new CEO comes along and renames it SCO - he appears on the stage in a leather jacket and harley trying to claim that a name change can create a comeback.
Sun does; Sun owns it; they didn't licence it, they paid a bootload of money years ago for a 'do what ever you want with it' licence.
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