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

[Nathan Lane]

Aren't there laws against accepting money from the middle east during (sort
of) war times???? Just joking.  But SCO played their cards and they don't
deserve any more chances - either that or they should be deported to some
other country that can't really affect open source in a "legal" manner.
Sorry.  I'm adamant.

On Fri, Feb 15, 2008 at 1:01 PM, Adam Barrett <dragen at gmail.com> wrote:

> 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/ <http://www.math.utah.edu/%7Ebeebe/> -
> > >
> >
> -------------------------------------------------------------------------------
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> > >
> >
> >
> >
> > --
> > Nathan Lane
> > Home, http://nathandelane.awardspace.com
> > ______________________________________________________________________
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> >
> >
>
>
>
> --
> Adam Barrett
> dragen at gmail.com
> ______________________________________________________________________
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> Join SLLUG and other UT LUG members on irc.FreeNode.net channel #Utah
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-- 
Nathan Lane
Home, http://nathandelane.awardspace.com
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