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

[Kurt Mahan]

With luck when Novell, IBM, Autozone and whomever else win
damages/courtcosts against SCO this money will mean that SCO can pay. 
Of course I'm sure this investment is structured to fund the lawsuit but
not be forfeit when SCO loses.  So IMHO this is funding a free shot
against Linux/Novell/IBM with no consequences when SCO loses.

--Kurt

Adam Barrett 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/ -
>>     
>> -------------------------------------------------------------------------------
>>     
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>>>       
>>
>> --
>> Nathan Lane
>> Home, http://nathandelane.awardspace.com
>> ______________________________________________________________________
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>>
>>
>>     
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