[plug] SCO filed for bankruptcy protection
Bret Busby
bret at busby.net
Mon Sep 17 17:13:26 WST 2007
From http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10464215
"> Unix company files for bankruptcy
> 3:07PM Monday September 17, 2007
>
> Unix-focused SCO Group has filed for Chapter 11 in the United States.
>
> In a press release today, the company said it had filed a voluntary petition for reorganisation under Chapter 11 of the US Bankruptcy Code.
>
> The company is perhaps most famous for its lawsuits against companies like IBM over various parts of the open source Unix operating system.
>
> In the case against IBM, SCO alleged IBM had contributed Unix code to the Linux operating system that SCO owned the rights to.
>
> The SCO board says it has decided the Chapter 11 filing is best in the long-term interests of the company and its subsidiaries.
>
> If the court agrees, it will use money from SCO and its other companies to bankroll its capital needs during the 'reorganisation'.
>
> "We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations," said CEO Darl McBride.
>
> "Chapter 11 reorganisation provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans
"
--
Bret Busby
Armadale
West Australia
..............
"So once you do know what the question actually is,
you'll know what the answer means."
- Deep Thought,
Chapter 28 of Book 1 of
"The Hitchhiker's Guide to the Galaxy:
A Trilogy In Four Parts",
written by Douglas Adams,
published by Pan Books, 1992
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