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

[Adam Barrett]

They did roll over and die.

I find it interesting that this company from the middle east is going
to back SCO for the purpose of following up the lawsuite for
$5Billion...

I really hope this doesn't pan out for them.

On Fri, Feb 15, 2008 at 12:57 PM, Nathan Lane <nathamberlane at gmail.com> wrote:
> 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/ -
> >
> -------------------------------------------------------------------------------
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> >
>
>
>
> --
> Nathan Lane
> Home, http://nathandelane.awardspace.com
> ______________________________________________________________________
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>



-- 
Adam Barrett
dragen at gmail.com