[sllug-members]: [sllug] SCO in the news (again)

[Nathan Lane]

I'm so sick of SCO - they should just roll over and die - they don't own
crap, and open source doesn't owe them anything. (IMNSHO)

On Fri, Feb 15, 2008 at 12:50 PM, Nelson H. F. Beebe <beebe at math.utah.edu>
wrote:

> This story just came in:
>
>        http://cwflyris.computerworld.com/t/2768420/419952/98896/2/
>
> It begins:
>
> >> ...
> >> SCO to get $100M bankruptcy bailout; McBride out if deal goes through
> >> A bankruptcy court will have to approve latest proposal to save the
> >> company
> >>
> >> By Todd R. Weiss
> >>
> >> February 14, 2008 (Computerworld) Five months after filing for Chapter
> >> 11 bankruptcy protection as part of a reorganization effort last
> >> September, The SCO Group Inc. today unveiled a potential $100 million
> >> cash infusion and a plan to take the embattled company private.
> >>
> >> In an announcement (download PDF), Lindon, Utah-based SCO said that
> >> the cash will come from Stephen Norris & Co. Capital Partners LP
> >> (SNCP) and partners in the Middle East who "have agreed to provide up
> >> to $100 million to finance a plan of reorganization for The SCO Group
> >> Inc."
> >>
> >> Under the deal, which must be approved by the U.S. Bankruptcy Court
> >> judge in Delaware who is reviewing the company's bankruptcy filing,
> >> SNCP would gain a controlling interest in the company and take it
> >> private.
> >>
> >> Two notable clauses are present in a 15-page "Memorandum of
> >> Understanding" filed with the court by SNCP to outline the proposal:
> >> SCO CEO Darl C. McBride, who has led the company since 2002, would be
> >> required to "resign immediately" once the deal is completed, and SCO
> >> must "continue to pursue aggressively the company's claims in the
> >> Novell/IBM litigation and other pending litigation against AutoZone
> >> Inc."
> >> ...
>
>
> -------------------------------------------------------------------------------
> - Nelson H. F. Beebe                    Tel: +1 801 581 5254
>    -
> - University of Utah                    FAX: +1 801 581 4148
>    -
> - Department of Mathematics, 110 LCB    Internet e-mail:
> beebe at math.utah.edu  -
> - 155 S 1400 E RM 233                       beebe at acm.org
> beebe at computer.org -
> - Salt Lake City, UT 84112-0090, USA    URL:
> http://www.math.utah.edu/~beebe/ <http://www.math.utah.edu/%7Ebeebe/> -
>
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-- 
Nathan Lane
Home, http://nathandelane.awardspace.com
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