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BayStar Cashes Out of SCO Stock

michael posted more than 10 years ago | from the gotta-know-when-to-fold-'em dept.

Caldera 524

Kurt Wall writes "According to Yahoo! Finance, BayStar, the company that funded SCO to the tune of $50,000,000, and then later changed the terms of the deal, has requested that SCO redeem the 20,000 shares of preferred stock issued in return for the funding. The reason? BayStar states that 'SCO has allegedly breached Sections 2(b)(v), 2(b)(viii) and 3(g) of the Exchange Agreement.' Naturally, SCO thinks it has done nothing of the sort."

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Why they'd be doing this now? (5, Insightful)

Saven Marek (739395) | more than 10 years ago | (#8885003)

Talk on the boards is that the breaches are due to SCO not revealing the entire story regarding their claimed 'ownership' of UNIX SysV. Notice SCO now states that UNIX is a registered trademark of The Open Group. [prnewswire.com]

In any case, looks like you live by the sword you die by the sword. It was after all Darl who stated "Contracts are what you use against parties you have relationships with". None of this using contracts to clarify just what each other's purposes are, and being a record of an agreement, they're to be used as weapons. SCO's breaches are what will come bite them on the ass, and nothing will save them with a contract that they can't hide way back in the muddying of time. $20million worth of redeemed stock is $20million SCO can't use against Linux, Customers, Ex Customers or whoever else has tried to be nice to them in the past.

It's only a few hour's drive to Lindon from here. I wonder if I should go watch the fireworks.

Shak's nude anime gallery [67.160.223.119]

karma (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885049)

From SCO's Press release
"BayStar's letter did not provide specific information regarding SCO's alleged breaches of the Exchange Agreement. SCO is attempting to obtain specific information from BayStar"

(OT) Anime Gallery... (-1, Offtopic)

Anonymous Coward | more than 10 years ago | (#8885092)

Looks cool, but loading very very slowly... I think you slashdotted your own gallery :)

MOD PARENT DOWN spam in .sig (4, Funny)

Anonymous Coward | more than 10 years ago | (#8885099)

Do we want every post to have a advertisement in the .sig? I personally think that moderators should mod down any post with SPAM at the end.

Visit my website! [127.0.0.1]

Re:MOD PARENT DOWN spam in .sig (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885126)

Do we want every post to have a advertisement in the .sig? I personally think that moderators should mod down any post with SPAM at the end.

Yeah right as you go and post a link to yours on the end.

Beware I'm about to DDoS your site for the next 24 hours. That'll learn ya!

Re:MOD PARENT DOWN spam in .sig (5, Funny)

khallow (566160) | more than 10 years ago | (#8885184)

Watch out! He's got some sort of bot fighting back. Every time I flood the site, my link gets hammered.

Re:MOD PARENT DOWN spam in .sig (-1, Informative)

Anonymous Coward | more than 10 years ago | (#8885264)

If you're flooding loopback it shouldn't touch your "real" link.

Re:MOD PARENT DOWN spam in .sig (4, Funny)

Anonymous Coward | more than 10 years ago | (#8885211)

Even freakier, this guy has EXACTLY the same pr0n collection as me. I mean what are the odds!

Don't do it! (0, Funny)

djh101010 (656795) | more than 10 years ago | (#8885251)

It's a Joe Job - that's actually MY IP address.

Re:Why they'd be doing this now? (5, Interesting)

peragrin (659227) | more than 10 years ago | (#8885120)

And SCO is going to die by the sword. What is SCO going to do next take baystar to court?? The judge will put that money in a lien, and lock it down until the suit is over. Take away 2/3rd's of SCO cash and keep boise paid they will burn out of cash in 6 months. If they get a break in the court with IBM. If not the next few months will be fun.

It's been a Good Day.

Re:Why they'd be doing this now? (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885188)

Next? They'll Sue Baystar. Then they'll sue Boies.

Then when their stock finally tanks, they'll sue their own shareholders! [150.101.104.20]

Re:Why they'd be doing this now? (4, Insightful)

Anonymous Coward | more than 10 years ago | (#8885281)

SCO announced that they are suing the Canopy Group for enticing them into destroying their UNIX and Linux businesses.

Funny thing, is that it could happen.

"Owner of the UNIX Operating System" (4, Informative)

Bilbo (7015) | more than 10 years ago | (#8885148)

> Notice SCO now states that UNIX is a registered trademark of The Open Group.

They're still talking out of both sides of their mouth though. They still claim in their press release that they are, "the Owner of the UNIX Operating System."

Funny that they are the ones announcing BayStar putting the pinch on them. Guess they want to put the "positive spin" on it, just like everything else...

Re:"Owner of the UNIX Operating System" (0)

Anonymous Coward | more than 10 years ago | (#8885238)

This probably has a lot more to do with Novell claiming copyright over the UNIX System V codebase than it does with the trademark.

When this started, everyone knew who owned the UNIX trademark. Everyone also believed that SCO had clear rights to the System V codebase, including (apparently) both SCO and Novell.

Re:"Owner of the UNIX Operating System" (5, Insightful)

FatRatBastard (7583) | more than 10 years ago | (#8885245)

Funny that they are the ones announcing BayStar putting the pinch on them. Guess they want to put the "positive spin" on it, just like everything else...

That, and I suspect that if any insiders dumped a bunch of stock today without announcing it would be eligable for a perp walk.

Re:"Owner of the UNIX Operating System" (4, Interesting)

Goo.cc (687626) | more than 10 years ago | (#8885322)

Yeah, it really ought to be "the Owner of a UNIX Operating System." since anything the Open Groups deems to be Unix IS Unix.

Re:Why they'd be doing this now? (0)

AviLazar (741826) | more than 10 years ago | (#8885277)

Don't you worry, SCO doesn't need the $20 million - they are estimating revenue growth due to law suits... -A :)

PREFERRED Stock (5, Informative)

Serk (17156) | more than 10 years ago | (#8885011)

Before anyone gets the wrong idea, plase note, these are PREFERRED shares, not the normal one's you see quoted prices on...

These shares value is set at $1000 each... so this is quite a big chunk out of SCO's warchest...

Happy day!

Re:PREFERRED Stock (5, Interesting)

Hrrrg (565259) | more than 10 years ago | (#8885064)

I wonder if this means that SCO will now sue Baystar?

Re:PREFERRED Stock (1)

Blob Pet (86206) | more than 10 years ago | (#8885094)

to be precise...20,000 x $1000 = $20,000,000. That's 40% of the original investment.

SCO ON SALE! (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885012)


Woo, SCO's stock [yahoo.com] is down 10.56% already. What a great time for a shrewd investor to buy SCO stock at bargain prices!

Re:SCO ON SALE! (2, Interesting)

BoomerSooner (308737) | more than 10 years ago | (#8885112)

I shorted at 17.96 in January. I love these types of announcements. They make me more $$$ (negative publicity that is). I'm wondering if I should wait for bankruptcy to buy or just to take the money and run. There is a chance they may live (however small that is).

Re:SCO ON SALE! (5, Informative)

GFW (673143) | more than 10 years ago | (#8885155)

How much interest are you paying on the short position? SCOX is/was a "hard to borrow" stock. You should take the money and run at the point where diminishing further gains are outweighed by continuing interest.

Re:SCO ON SALE! (2, Informative)

Anonymous Coward | more than 10 years ago | (#8885193)

Better do it soon. Take a look at some of the new regulations that come into affect April 30th regarding shorting stocks

Part I Section 1233.-- Gains and Losses from Short Sales [irs.gov]
PDF format

Re:SCO ON SALE! (0, Informative)

Anonymous Coward | more than 10 years ago | (#8885241)

Let's look at this number. 10.56% means squat. It's what the local news does.

If something goes from 2 to 4, did it double, go up by 2, or grow exponentially?

If you say it dropped 10.56% and it was at 100 before; or, if it was at 20 and dropped 10.56%, they tell a lot more.

This is why you should say, "it dropped from x to y, or 10.56%." Figures can lie and liars can figure.

So Very Sad. (5, Funny)

Volatile_Memory (140227) | more than 10 years ago | (#8885015)

I'm weeping on the inside.

Re:So Very Sad. (4, Funny)

Vancouverite (227795) | more than 10 years ago | (#8885221)

So send in the clowns.... (Laghing on the outside, crying on the inside)
There's got to be clowns....
Oh Darl, you're here.

Rats (5, Funny)

shamir_k (222154) | more than 10 years ago | (#8885016)

Always the first to leave a sinking ship

Re:Rats (1)

theM_xl (760570) | more than 10 years ago | (#8885250)

Of course I'm leaving! The *ship* is *SINKING*!

Watch it fall! (5, Informative)

SeanTobin (138474) | more than 10 years ago | (#8885017)

Watch it fall in near-real time! Go go go! [yahoo.com] Ahhh... this makes my day :) At time of posting, last trade was 8.68. Also, check the trade volumes after the press release (at 1:45pm). People are paying attention.

Re:Watch it fall! (1)

NatasRevol (731260) | more than 10 years ago | (#8885108)

Even better link [yahoo.com] .

Re:Watch it fall! (1)

rokzy (687636) | more than 10 years ago | (#8885135)

I don't know anything about stocks, but "down 11.28%" in a day sounds quite bad ?

15h35 EST (1)

CaptainPinko (753849) | more than 10 years ago | (#8885145)

$8.33

Re:Watch it fall! (1)

kidgenius (704962) | more than 10 years ago | (#8885217)

It's amazing. It's falling really fast. It just keeps going down.

Re:Watch it fall! (1)

rokzy (687636) | more than 10 years ago | (#8885261)

actually I've been watching it go from "down 11.28%"
to "down 13.56%" but then back up to "down 12.84%",

and just now "down 12.53%"

so not always going down ;-)

Who to believe? (1, Funny)

Anonymous Coward | more than 10 years ago | (#8885019)

Well I've at least heard of SCO, so their statement carries more weight with me.

The future for SCO (5, Interesting)

eddy (18759) | more than 10 years ago | (#8885020)

So what will happen? I say we're going to see a SCOX vs BayStar lawsuit. SCO likes lawsuits. They like to stall for time while talking shit to the press. It gives them time to dump stock gotten cheaply from options [thomsonfn.com] . We'll get more of that. Only this time, investor-types (people who matter as far as the stock is concerned) won't like it. Fucking around with your big investors? Now, that's something else compared to fucking around with a bunch of hippie nerds and IBM.

I assume the "SCO must have permission from BayStar to start lawsuits"-clause in the contract won't be a hindrance, since probably BayStar will start it :-)

If BayStar is able to get ~$20M back (20000 at $1000 plus interest and penalties), then maybe RBC want their part back... which would instantly kill SCOX dead, dead, dead.

suggested mod-limit: 3

Re:The future for SCO (5, Insightful)

FatRatBastard (7583) | more than 10 years ago | (#8885194)

According to an article on The Street [thestreet.com] one analyst didn't think BayStar would have much of a chance of getting their money back but this would make it incredibly difficult for SCO to raise any more money (not that they had anyone beating down their door to loan them money lately). By publicly asking for redemption over a broken clause I see this as BayStar's big, giant "FUCK YOU" to SCO.

Putting the anal in ... (0)

Anonymous Coward | more than 10 years ago | (#8885278)

one analyst

Yes, let's all stop and listen to the analysts. Analysts like the world renowned The Enderle Troll and Laura "Cheap Microsoft Whore" Didio. These guys (no offence, Didiot) know what they're talking about!

Re:The future for SCO: Street.com article (5, Informative)

David Hume (200499) | more than 10 years ago | (#8885323)


According to the Street.com article "BayStar Says SCO Breached Note" [thestreet.com] :

"I look at this as bad news for SCO," said Dion Cornett, an analyst for Decatur Jones Equity Partners - Soleil. "I don't think BayStar is going to be very successful in getting their money back. It's very difficult for a private equity investor to force a redemption on a company that doesn't want to redeem.
But it makes it very difficult for SCO to raise future financing ."

SCO will certainly need lots of money if it wants to fight the likes of massive IBM, he noted. "I think they'll need all the $65 million they have in the bank to fund this fight. This is going to be a multi-year, very protracted lawsuit, if it's not dismissed."


(emphasis added) Thus, even if SCO eventually prevails over Baystar this may still sink SCO. SCO won't be able to obtain enough funding to battle IBM, et al.

The joy! (4, Funny)

Ckwop (707653) | more than 10 years ago | (#8885023)

Phase 1. We know SCO's business plan is flawed.

Phase 2. The Stockmarket [yahoo.com] knows that SCO's business plan is flawed. The share price is jumping about because people just like to speculate [itmanagersjournal.com] in the short term.

Phase 3. And Now baystar knows SCO's business plan is flawed (and finds a technicality to get their shares back)

Phase 4. ??? [The obligatory gnome-esc gap in the logic]

Phase 5. Profit? haha.. not this time. Go Directly into Administration. Do not pass go. Do not collect 200. Darl can look forward to having tux inserted, lovingly, into his anus by his boyfriend in prison :D

Simon.

Re:The joy! (1)

muppetsrule (734214) | more than 10 years ago | (#8885076)

1. Hire Lawyers 2. Sue 3. ??? 4. Make money

Re:The joy! (0)

0x0d0a (568518) | more than 10 years ago | (#8885156)

I will be amazed if Darl goes to jail. He's a rich white CEO. Rich white CEOs generally don't go to jail in the US (not never -- when people get pissed a la Enron at being massively screwed over, things happen). Still, trying to prove personal criminal intent on Darl's part may be hard. I'd like to see it, but I doubt that it's feasible.

I am altering the deal. (5, Funny)

sulli (195030) | more than 10 years ago | (#8885025)

Pray I don't alter it any further.

LOL - Prankd! (0)

Anonymous Coward | more than 10 years ago | (#8885027)

LOL - SCO gott Prank3d!

SCO announced today (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885030)

That they would be suing BayStar for the sum of $50,000,000 for their decision to cease funding their lawsuits.

Que (0)

strike2867 (658030) | more than 10 years ago | (#8885032)

Que all SCO thinks jokes:

Re:Que (1, Funny)

Anonymous Coward | more than 10 years ago | (#8885166)

wtf is Que ?

Re:Que (0)

Anonymous Coward | more than 10 years ago | (#8885290)

He means queue. I think he was trying to sound smart. Que is the Spanish word for "what."

Re:Que (1)

GTRacer (234395) | more than 10 years ago | (#8885326)

Why, Que [quepublishing.com] is the bastard offspring of Cue [reference.com] and Queue [reference.com] .

GTRacer
- alphabetically sorted for your convenience

Not $50M, only $20M (2, Informative)

Anonymous Coward | more than 10 years ago | (#8885033)

Baystar is only on the hook for $20 Million. Royal Bank of Canada holds the other $30 Million.

Whoops! (3, Informative)

Kurt Wall (677000) | more than 10 years ago | (#8885039)

Actually, it was the Royal Bank of Canada that changed the terms of the deal back in December 2003. But, what's a detail like that among friends?

SCO requests specifics (5, Funny)

mflaster (702697) | more than 10 years ago | (#8885041)

In SCO's press release:
BayStar's letter did not provide specific information regarding SCO's alleged breaches of the Exchange Agreement. SCO is attempting to obtain specific information from BayStar...

Gosh, making accusations, and not providing any specifics! That's horrible!!!!! I'm sure SCO is outraged.

Mike

Re:SCO requests specifics (3, Funny)

lofoforabr (751004) | more than 10 years ago | (#8885213)

Maybe SCO will sue them for using this technique?

Damage Control (2, Interesting)

mboos (700155) | more than 10 years ago | (#8885048)

BayStar probably wants out because the incident with Microsoft "recommending" that they invest looks bad.

Polluting the Posts (-1, Offtopic)

Anonymous Coward | more than 10 years ago | (#8885055)

I can't resist posting crap this early as AC.

Ding Dong, the witch is dead! (1)

Lobo_Louie (545789) | more than 10 years ago | (#8885056)

At long last!

SCO now stands for (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885057)

SCO now stands for "Shit! Cash Out!!"

hopefully (1)

liquidpele (663430) | more than 10 years ago | (#8885072)

Hopefully SCO has already spent too much money, and they can't buy back the shares.

They wouldn't be able to do much then would they? Maybe just a chapter 11 hopefully. Could they still sue people when under chapter 11?

Maybe It's wishfull thinking though...

Re:hopefully (1, Informative)

Anonymous Coward | more than 10 years ago | (#8885257)

Yes, they can still litigate, but venue could change to a US District Bankruptcy Court. Things also become a bit more complicated when a company files Chapter 11 in that certain pending issues, litigation, etc, are subject to be "stayed" while the mess is ironed out.

Chapter 11 might enable SCO to drag things out a bit longer in bankruptcy, but one fact would be hard to erase - the fact that the company is bankrupt. On the other hand, Boise, Microsoft, and others, might try to pick up the pieces and continue litigation.

Whatever happens - SCO isn't going to go away as soon as some of us would like. And besides, they'll just be replaced by another Microsoft proxy or even (eventually) Microsoft itself.

Re:hopefully (1)

arivanov (12034) | more than 10 years ago | (#8885327)

Chapter 11 means possible emerging out of bankrupcy as well as possibility for interested creditors to purchase liabilities (including rights to ongoing litigations). It is not the chapter used for winding down a business. The correct chapter should be 7. Liquidation. Game over.

Conspiracy Theory Dead (0)

Flave (193808) | more than 10 years ago | (#8885077)

Well, there goes another conspiracy theory. I guess Microsoft isn't behind Baystar after all.

Re:Conspiracy Theory Dead (4, Insightful)

0x0d0a (568518) | more than 10 years ago | (#8885123)

Even if they were, they've been exposed and SCO is burning up rapidly and isn't likely to be able to stick it to Linux. There's little reason for anyone, including Microsoft, to keep money in SCO at this point.

FUD U LIKE (0)

Anonymous Coward | more than 10 years ago | (#8885330)

There's little reason for anyone, including Microsoft, to keep money in SCO at this point.

really? [forbes.com]

Re:Conspiracy Theory Dead (2, Insightful)

Nom du Keyboard (633989) | more than 10 years ago | (#8885218)

Well, there goes another conspiracy theory. I guess Microsoft isn't behind Baystar after all.

Not necessarly true. Remember, Microsoft wants all Unix vendors dead. Order may not be important.

Exactly... (-1, Offtopic)

Anonymous Coward | more than 10 years ago | (#8885086)

SCOX! [rotten.com]

Scox
sox? sco!

laood!

HaHaHaHa.... (1)

HotNeedleOfInquiry (598897) | more than 10 years ago | (#8885087)

Made my day. Have a good weekend, Darl and Chris.

A quote from my favorite movie: "Die Hard" (3, Funny)

dcavanaugh (248349) | more than 10 years ago | (#8885089)

"Oh my God! The quarterback is toast!"

titilating (1)

bl8n8r (649187) | more than 10 years ago | (#8885101)

absolutely titilating.

Re:titilating (0)

Anonymous Coward | more than 10 years ago | (#8885307)

It'd be funy if u'd speld it wright.

Does it get better than this (1)

Nom du Keyboard (633989) | more than 10 years ago | (#8885104)

So now SCO is suing its VC partners. Does it get better than this?

SCO: "Everything's fine, la la la..." (5, Funny)

Anonymous Coward | more than 10 years ago | (#8885114)

Seriously, when the fuck did SCO hire the Iraqi Information Minister?

The timing is late (4, Insightful)

titaniam (635291) | more than 10 years ago | (#8885116)

Did anyone notice that the stock was tanking BEFORE the press release? I guess they put out a negative release to justify the insider-trading fall.

Sweet Irony (1)

Corruptpacket (771029) | more than 10 years ago | (#8885119)

Isn't funny how what goes around comes around. Is it just me or is this the funniest news of he day? My conspiracy theorist mind just can't help but thinking that somehow M$ will find some way to get this lost cash back into the SCO warchest at some point in the future. I know that Linux may not be the biggest desktop threat, but I'm pretty sure that Bill Gates & Co. hate Linux like nothing else. How do you use monopolistic buyout power against a OSS? This must be the best business riddle posed to Bill yet.

Shareholder lawsuits are coming... (1, Insightful)

Anonymous Coward | more than 10 years ago | (#8885146)

or I'm not Anonymous Coward!

Re:Shareholder lawsuits are coming... (1, Funny)

Anonymous Coward | more than 10 years ago | (#8885316)

You're not Anonymous Coward. I AM!

Mwahaha!!! (2, Insightful)

Jonboy X (319895) | more than 10 years ago | (#8885152)

Teehee, shorted another 200 shares at $9.15 when I heard the news. To all my fellow cube-dwellers out there, remember that sometimes reading the message boards can be whole hell of a lot more profitable than whatever the fsk it is that your employer's paying you to do...

I'm not trolling, I'm trying to be insightful, or at least funny. Honest!

8D

"Life after SCO" (0)

Anonymous Coward | more than 10 years ago | (#8885159)

The best-selling autobiography of Mr Darl McBride. With a preface by former laughing stock analyist Laura Dido. Edited by Rob Enderle and further censored for publication by Steve Ballmer former CEO and head monkeyboy at MSFT.

Official loser (5, Informative)

tomhudson (43916) | more than 10 years ago | (#8885163)

SCO once again makes the list of losers in trading [yahoo.com] today! At this rate, maybe it'll be number one at something by days' end.

Screaming sound (4, Funny)

nizo (81281) | more than 10 years ago | (#8885165)

That screaming sound you hear is SCOX stock breaking the sound barrier as it plunges into the abyss. Thank god, it is about time.

Did you hear it? (1, Funny)

IceAgeComing (636874) | more than 10 years ago | (#8885168)


The soundtrack for the SCO saga just cross-faded to a distant drumbeat, getting...slowly...louder.

Re:Did you hear it? (3, Funny)

Oriumpor (446718) | more than 10 years ago | (#8885232)

I thought that was the sound of the smallest violin in the universe playing to SCO's upcoming pity party in which Darl will try and run to the press after the FSF donation fund purchases all the open shares at a hefty $0.05 a piece.

Oh noes! (2, Funny)

DamienNightbane (768702) | more than 10 years ago | (#8885173)

If SCO flounders, what else are we going to bitch about and plot against? Also; SCOwned!

A shame really. (5, Insightful)

Picass0 (147474) | more than 10 years ago | (#8885175)

If we don't go to court to test the legality of the GPL in the SCO case, it means it will happen later... perhaps against someone who doesn't have their head up their ass.

Going to trial against SCO is a sure thing for IBM, and therefore good for Linux. IBM and Redhat would tear SCO a new one, and the GPL would have it's day in court against the mental midgits from Provo.

If SCO goes bankrupt, this (I assume) goes in a legal round file somewhere. Then we can just wait for Microsoft to come at us directly with an army of lawyers that dwarfs IBM.

Re:A shame really. (4, Insightful)

back_pages (600753) | more than 10 years ago | (#8885284)

I'm thinking the same way.

If you're a prize fighter, you want your first professional fight to be against some out-of-shape opponent who stands a slim chance of winning but wouldn't mind the paycheck. In a lot of ways, SCO was the ideal opponent. They talked up the hype, they were bringing the payday to the ring, and they had a very slim chance of defeating Linux (and more notably, Linux's trainers in the forms of IBM, etc.)

So if this "fight" doesn't actually occur, it scares away other potential easy wins for Linux's professional debut in the courtroom. A prizefighter whose opponents cancel the fights doesn't get a chance at the title - he's still an unproven amateur.

Re:A shame really. (0)

Anonymous Coward | more than 10 years ago | (#8885324)

IF this doesn't go to court now I would expect IBM to fund an acquisition of SCO via a sock and bring it to court.

I can't help but remember... (0)

Anonymous Coward | more than 10 years ago | (#8885179)

...and episode of The Beverly Hillbillies. There's some type of royalty coming from some country and as always, Mr. Drysdale is trying to figure out how much this guy is worth. Miss Jane says, "Chief, they're worth four to the dollar." (Drysdale doing mental math) Miss Jane: "Wait, that's four tons to the dollar and only in an extreme paper shortage."

If that one isn't good enough for you, look at both sides of the toilet paper in your bathroom stalls. Someone might have made a killing on SCO stock and found it to be cheaper than a roll of sh%t paper.

SHORT SCO!!! (0)

jehreg (120485) | more than 10 years ago | (#8885180)

Time to short SCOX. We are pretty sure this is near the end, so let's drive the price of the stock to the bottom. Call your brokers :-)

Re:SHORT SCO!!! (0)

Anonymous Coward | more than 10 years ago | (#8885267)

Erm, that has been done already. And they answered to this tactic already. Just sit there, relax and watch the spectacle.

Re:SHORT SCO!!! (0)

Anonymous Coward | more than 10 years ago | (#8885287)

I'm sure being on the loss list for 3 days straight there may not be many shares left to short easily.

MTV (-1, Offtopic)

BlackHawk-666 (560896) | more than 10 years ago | (#8885201)

MTV dooos not damage yur brian. Randum shufill make bains damageed. Me go lizten to iPaq songs agen now. iMac play good songs, resurcher is brain demaeged.

Re:MTV (-1, Offtopic)

Anonymous Coward | more than 10 years ago | (#8885244)

Fizzle mah shizzle, nizzle.

Linux users must celebrate. (4, Informative)

0x0d0a (568518) | more than 10 years ago | (#8885202)

Linux users are required to celebrate with beer and an assortment of tasty food tonight. Now. Enjoy yourself tonight, and be happy. It's a good-looking new world for Tux and the rest of us out there -- things just got a lot sunnier. :-) Whee!

Hmm - too much risk for someone behind the scenes? (4, Interesting)

sphealey (2855) | more than 10 years ago | (#8885205)

Ok, a bit conspiracy-theoryish, but many including myself have speculated that there was someone behind the scenes of the entire SCO mess pulling the strings.

Could it be that said string-puller has decided that there is too much risk that (a) SCO will not only lose its suits, but do so in a way that validates the GPL (b) IBM might break through the Canopy/Baystar corporate veil and find out who the string puller is? And therefore that person has taken some action to force SCO into bankruptcy and pull the plug on the lawsuits?

sPh

At SCO (4, Funny)

Anonymous Coward | more than 10 years ago | (#8885206)

In SCO's headquarters...
Darl McBride: 'Damn!... What can we do?'
Employee: 'What if we sued them?'
Darl McBride: 'Good! GREAT! Let's sue them. But, er... what for?'
Employee: 'Hmmm...'
Darl McBride: 'Let's say, that, erm... BayStar runs FreeBSD! Let's say FreeBSD contains our IP.'
Employee: 'You have not lost your genius, Mister McBride! JOHN! Get a few lines from the BSD source code, will ya? Any lines will do.'

Sections 2(b)(v), 2(b)(viii) and 3(g) of the .... (5, Funny)

Halo- (175936) | more than 10 years ago | (#8885215)

To help out, I've summarized sections 2(b)(v), 2(b)(viii) and 3(g) of the Exchange Agreement:

2(b)(v) : Presumption of Correctness

2(b)(viii) : Failure to Pass the "Laugh Test" Clause

3(g) : General Asshattery Clause

Pardon my language, but... (1)

Slinky Saves the Wor (759676) | more than 10 years ago | (#8885236)

...this serves these SCO fucks right once and for all. Their stock price is slowly oozing through the floor.

Was Baystar investment a trojan horse? (5, Interesting)

Optic7 (688717) | more than 10 years ago | (#8885240)

That's an awfully quick turnaround time for this "investment" to come back around and knock a nice size hole on the side of SCO...

Maybe it was IBM instead of Microsoft behind the Baystar investment? :)

Poetic justice (2, Funny)

Rick Zeman (15628) | more than 10 years ago | (#8885296)

BayStar's letter did not provide specific information regarding SCO's alleged breaches of the Exchange Agreement

Talk about being hoist on your own petard! Hah! Show the infringing lines of the agreement, 'kay?

Not how we want to see SCO die. (2)

Jerk City Troll (661616) | more than 10 years ago | (#8885317)

This was an opportunity to test the GPL in court, but yet again, that will be delayed if SCO dies by other means. The court case must play out.

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