Beta
×

Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

SCO Goes Private With $100 Million Backing

Zonk posted more than 6 years ago | from the this-is-just-a-touch-unexpected dept.

Unix 411

AmIAnAi writes "Just when you thought it was all over, the SCO story takes a new twist. SCO has received $100 million financing from Stephen Norris Capital Partners to get them out of Chapter 11 and go private 'The move gives Stephen Norris, whose namesake founder was a co-founder of private equity giant The Carlyle Group, a controlling interest in SCO, which now has a platform to continue its court battle with Novell Inc. over royalties from the Unix server operating system, SCO's main business ... According to a statement from the company, SNCP already has a business plan for SCO that includes pursuing its legal claims.'"

cancel ×

411 comments

Sorry! There are no comments related to the filter you selected.

Look for more Microsoft money behind (5, Insightful)

Scareduck (177470) | more than 6 years ago | (#22426274)

... the Stephen Norris group. When do the judges get sick of barratry?

Re:Look for more Microsoft money behind (2, Funny)

Captain Splendid (673276) | more than 6 years ago | (#22426424)

Naw, this is just the continued confluence of two shitty (and shittily implemented) concepts: patents and capitalism, coming together to form one big hole of crap.

Y'know, this is the first time I wish Slashdot was more like fark, so I could post that pic of the guy saying "Aw geez, not this shit again!"

Re:Look for more Microsoft money behind (1)

SoTuA (683507) | more than 6 years ago | (#22427000)

Y'know, this is the first time I wish Slashdot was more like fark, so I could post that pic of the guy saying "Aw geez, not this shit again!"

When I saw the article in my RSS reader that was exactly what I thought of. :)

Indeed, not this shit again!

Re:Look for more Microsoft money behind (1)

calebt3 (1098475) | more than 6 years ago | (#22427022)

You could post a link. I haven't seen it.

Re:Look for more Microsoft money behind (1)

KublaiKhan (522918) | more than 6 years ago | (#22426430)

That could very well be the case...obviously, this is intended to tie up a bunch of lawyers for a few more years--who'd have an interest in that?

Re:Look for more Microsoft money behind (2, Insightful)

sabt-pestnu (967671) | more than 6 years ago | (#22426588)

Let's see...

The lawyers, always looking to have full time guaranteed employment, instead of working on contract or speculation...

Anyone who wants those lawyers busy on THOSE suits, and not THESE suits...

And, of course, the more usual suspects and /. punching bags...

Re:Look for more Microsoft money behind (4, Funny)

Clover_Kicker (20761) | more than 6 years ago | (#22426670)

Anyone who wants those lawyers busy on THOSE suits, and not THESE suits...
Yeah, there's such a shortage of lawyers.

Re:Look for more Microsoft money behind (0, Troll)

ShaunC (203807) | more than 6 years ago | (#22426434)

Actually, the Carlyle Group is mostly Bush and bin Laden money, or at least it used to be. Sort of makes you wonder who might actually be doing what, and what's at stake...

Re:Look for more Microsoft money behind (5, Insightful)

josephdrivein (924831) | more than 6 years ago | (#22426618)

I may believe you, but it would surely help if you would be kind enough to provide some proof.

Re:Look for more Microsoft money behind (5, Informative)

Otter (3800) | more than 6 years ago | (#22426726)

My recollection is that the bin Laden family (not Osama) had a trivial stake in Carlyle, and that both President Bushes have served on its board. The GP's "the Carlyle Group is mostly Bush and bin Laden money" is wildly exaggerated, to put it mildly, although I'd be curious to hear more of his theories about "who might actually be doing what, and what's at stake".

Re:Look for more Microsoft money behind (3, Insightful)

deanoaz (843940) | more than 6 years ago | (#22426846)

>>> The GP's "the Carlyle Group is mostly Bush and bin Laden money" is wildly exaggerated, to put it mildly

So, you're saying Michael Moore is not a trustworthy source?

Who'da thunk it!

Re:Look for more Microsoft money behind (2, Informative)

Frosty Piss (770223) | more than 6 years ago | (#22426792)

Actually, the Carlyle Group is mostly Bush and bin Laden money, or at least it used to be. Sort of makes you wonder who might actually be doing what, and what's at stake...

I may believe you, but it would surely help if you would be kind enough to provide some proof.
Google says... [google.com]

Re:Look for more Microsoft money behind (4, Interesting)

Amiga Trombone (592952) | more than 6 years ago | (#22426926)

Actually, the Carlyle Group is mostly Bush and bin Laden money, or at least it used to be. Sort of makes you wonder who might actually be doing what, and what's at stake...

Especially considering Lou Gerstner, former CEO of IBM, is on the board of the Carlyle Group. That's a bit of a WTF moment right there...

Re:Look for more Microsoft money behind (0)

Anonymous Coward | more than 6 years ago | (#22426442)

More like a tale from a Stephen King novel, The SCO Sematary, where a failing Unix company never dies but is resurrected as a company you'd rather not have around.

It gets better (2, Insightful)

Scareduck (177470) | more than 6 years ago | (#22426458)

Looks like one of their senior people is in with George Soros [snpartners.com] . So they have potentially some very serious money behind them now.

Wrong. That's the Bushes behind that move. (5, Informative)

leftie (667677) | more than 6 years ago | (#22426516)

"The Big Guys Work For The Carlyle Group
What exactly does it do?

To find out, we peeked down the rabbit hole.

FORTUNE Monday, March 18, 2002

The Carlyle Group, a Washington, D.C., buyout firm, is one of the nation's largest defense contractors. It has billions of dollars at its disposal and employs a few important people. Maybe you've heard of them: former Secretary of State Jim Baker, former Secretary of Defense Frank Carlucci, and former White House budget director Dick Darman. Wait, we're just getting warmed up. William Kennard, who recently headed the FCC, and Arthur Levitt, who just left the SEC, also work for Carlyle. As do former British Prime Minister John Major and former Philippines President Fidel Ramos. Let's see, are we forgetting anyone? Oh, right, former President George Herbert Walker Bush is on the payroll too..."

http://www.carlylegroup.net/thebigguys.htm [carlylegroup.net]

So now the Bushes are going to send Jim Baker to court to steal Linux.

Re:Wrong. That's the Bushes behind that move. (5, Funny)

sentientbeing (688713) | more than 6 years ago | (#22426848)

Oh yeah? Well weve got Linus, the south African spaceman dude and that guy with the long hair
 
The presidents are toast.

damn Damn DAMN! (5, Funny)

grub (11606) | more than 6 years ago | (#22426276)


Man oh man...

This news completely ruins my day.

I just know that tonight while my lady is receiving the annual ~Valentine Fisting~ my mind will be on SCO and their ridiculous lawsuits, not on the work at hand. She'll know something is bugging me, get pissed off and make me stop. I'll have KY to my elbows for nothing.

Thanks SCO.

Re:damn Damn DAMN! (1)

varmittang (849469) | more than 6 years ago | (#22426624)

ummmm? Never mind.

Re:damn Damn DAMN! (3, Interesting)

Anonymous Coward | more than 6 years ago | (#22426692)

Just make it into a fantasy game. You're SCO, she's the open source community, the KY is SNCP's contribution... oddly enough, the image hash to post this comment anon is "uncouth". Interesting. :)

Re:damn Damn DAMN! (2, Informative)

dexomn (147950) | more than 6 years ago | (#22426784)

You're the man. =)

Re:damn Damn DAMN! (4, Funny)

Nimey (114278) | more than 6 years ago | (#22426822)

I'll have KY to my elbows for nothing.
That's no lady, that's a goatse!

well... (1)

GodInHell (258915) | more than 6 years ago | (#22426290)

...that sucks.

-GiH

Brilliant! (5, Insightful)

TheOldSchooler (850678) | more than 6 years ago | (#22426296)

What kind of genius investment group thinks sueing IBM is a winning proposition?

Re:Brilliant! (1)

LWATCDR (28044) | more than 6 years ago | (#22426390)

One does wonder how anybody with 100 million after seeing all the rulings on this case go against SCO would be STUPID enough to think this is a good idea.
Maybe they are going to sue the lawyers for getting them into this. Or Microsoft for talking them into this....

Re:Brilliant! (1)

calebt3 (1098475) | more than 6 years ago | (#22426986)

You really should mutilate the spelling and grammar in your sig

Re:Brilliant! (2, Insightful)

orclevegam (940336) | more than 6 years ago | (#22427098)

Someone needs to take these people outback and beat some sense into them. How much of a moron do you need to be to take a look at the smoking crater that's left of SCO and decide that it looks like a good investment of $100M. Shit, take that money and put it into a random startup, your at least as likely to get your money back, if not more so, and they'd be more deserving of it.

Re:Brilliant! (1)

Kazymyr (190114) | more than 6 years ago | (#22426532)

Perhaps someone needs a $100M tax writeoff...

Re:Brilliant! (0)

Anonymous Coward | more than 6 years ago | (#22426756)

$100 million spent and $100 million deducted means you're out $60 million.

Re:Brilliant! (2, Funny)

MsGeek (162936) | more than 6 years ago | (#22426994)

No, they have other things in mind [flickr.com] , like their new line of Japanese food containers! Yes, it's true! SCO is now in the Bento business!

Re:Brilliant! (4, Interesting)

KiloByte (825081) | more than 6 years ago | (#22426556)

It's not about winning money. It's about making sure SCO's corporate veil isn't pierced.

If that hive of villainry fails, some of their dealings could see the daylight. And at least a couple of big companies are really interested in making sure this doesn't happen. So they funnel money into the sinking ship to keep it afloat or make it sink in a secluded place -- it's better to lose some cash than have the dirt revealed.

Re:Brilliant! (4, Funny)

eln (21727) | more than 6 years ago | (#22426560)

They're business plan isn't ONLY suing IBM. From what I can gather from the article, it's a brilliant and guaranteed to succeed three-pronged approach involving suing IBM, suing Novell, and selling a product no one has used for 15 years. They can't lose!

Re:Brilliant! (1)

MadMidnightBomber (894759) | more than 6 years ago | (#22426868)

There really are people still using OpenSewer. They just wish that they weren't.

Geniuses that just filed Supreme Ct with cronies (1)

leftie (667677) | more than 6 years ago | (#22426626)

Roberts. Alito. Scalia. Thomas. Kennedy.

Re:Brilliant! (1)

Captain Sarcastic (109765) | more than 6 years ago | (#22426804)

This is just in keeping with something my dad taught me many years ago:

A fool and your money are soon partners.

Re:Brilliant! (2, Insightful)

Colin Smith (2679) | more than 6 years ago | (#22426912)

What kind of genius investment group thinks sueing IBM is a winning proposition?
One with a largely infinite supply of money.

 

Re:Brilliant! (1)

poetmatt (793785) | more than 6 years ago | (#22426952)

The kind that has a lot of talk and publicity, but no action. Notice there is nothing written, nothing formal, nothing introduced into the bankruptcy court as of yet. Therefore, don't hold your breath.

Yikes (2, Funny)

locokamil (850008) | more than 6 years ago | (#22426310)

Man oh man, talk about a massive waste of money. Does SCO even produce anything anymore? I thought SCO was basically Darl in a hotel room somewhere with two of hookers doubling as his "legal team"...

Re:Yikes (4, Informative)

milsoRgen (1016505) | more than 6 years ago | (#22426406)

Does SCO even produce anything anymore?
Well yes... UnixWare [wikipedia.org] , OpenServer [wikipedia.org] and Smallfoot [wikipedia.org] .

Certiainly doesn't look like a winning product portfolio, well not in their hands at least.

Re:Yikes (4, Interesting)

samkass (174571) | more than 6 years ago | (#22426480)

When looking at companies, the products are important but only as indicators as to the people behind them. When Amazon was losing money hand over fist, its shares were still sky-high because people believed that Jeff Bezos and his team were a good bet. I can't imagine how anyone could feel that, after everything, SCO could possibly have assembled a $100M team. I don't know how to say this without offending the dozens of people left at SCO, but you'd have to have some form of brain damage, or be really, really desperate for gainful employment to still work there.

Re:Yikes (5, Interesting)

Anonymous Coward | more than 6 years ago | (#22426878)

I don't know. I was talking to someone whose spouse still worked there. We mentioned the lawsuit (peripherally, not really wanting to bring it up since I figured it would be a sore subject).

They started talking about how IBM and Novel stole a whole bunch of their Intellectual Property and put it into Linux, and how Linux is nothing but a bunch a thieves.

I just sat there biting my tongue and changed the subject quickly, but it was really odd talking to someone "on the other side of the fence" who was a developer, and not in management.

Re:Yikes (1)

Nimey (114278) | more than 6 years ago | (#22426996)

That figures, though. Easier to stick around if you've drank the Kool-Aid, and (as conservative talk-shows show us) some people will believe anything.

So what else does SNCP own (2, Interesting)

Ldir (411548) | more than 6 years ago | (#22426316)

... that we can boycott? (Or is Microsoft, in fact, at the root of it?)

You know... (1)

dexomn (147950) | more than 6 years ago | (#22426326)

I don't know how multiplying zero is going to help in this case...

I hope thats 100 million their creditors can strip (1)

mikeabbott420 (744514) | more than 6 years ago | (#22426340)

from their diseased monopoly fronting corpse.

Obligatory (5, Funny)

Philodoxx (867034) | more than 6 years ago | (#22426348)

Step 1. Pile money onto a sinking ship

Step 2. ???

Step 3. Profit!

I have a very poor financial outlook for the near future, why can't somebody give me $100 million? Hell, I'll use that to make legal claims about somebody else's IP! I can probably even develop an operating system nobody in their right mind would use.

THe ??? bit (5, Insightful)

EmbeddedJanitor (597831) | more than 6 years ago | (#22426870)

Hire your brother (Kevin McBride) as a lawer and pay him a pile of legal fees (thereby getting the money out of the sinking ship and back onto dry land, but out of reach of the investors).

Calm down, everyone (5, Informative)

Bruce Perens (3872) | more than 6 years ago | (#22426358)

It's abundantly clear that SCO's court case isn't going anywhere and this is a really poor investment. I agree that we should look for who is back-stoping the investment (as last time), because nobody in their right mind would make this investment expecting to make a profit. I don't think it's even worthwhile for FUD value any longer. We've essentially won this case already, there isn't really any going back.

Bruce

Re:Calm down, everyone (5, Insightful)

MightyMartian (840721) | more than 6 years ago | (#22426494)

I think, in a backwards way, it's a good thing. There's some concern in some quarters that SCO evaporating before the questions it raised would leave those questions unanswered, and that someone might try this stunt again. Now everything, including what SCO owes Novell, will get a full hearing.

Re:Calm down, everyone (1)

Penguinisto (415985) | more than 6 years ago | (#22426632)

That's a hell of a lot to pay for what are essentially academic questions by now (e.g. "is McBride frickin' nuts, or just that incompetent?) I mean, the courts have pretty much started rolling the big ol' legal snowball down a hill that ends in "nope - SCO has no case here".

Unless Linus Torvalds issues a press release with some huge-arsed confession in it, this is pretty much a done deal.

And, whoever ends up owning SCO will still have to face countersuits from both Novell and IBM.

WTF, over?

/P

Re:Calm down, everyone (1)

NeutronCowboy (896098) | more than 6 years ago | (#22426650)

I guess I'm more cynical than average. The only time I believe a case has been won is if the losing party agrees that they lost and stops pursuing any further claims.

I'd also love to find out what this new cash infusion is supposed to accomplish. Did Darl pull one last trick over a hapless investor? Or is there something else entirely going on? Because on the face of it, SCO is dead, even with an extra $100 million to blow through.

Re:Calm down, everyone (1, Funny)

Anonymous Coward | more than 6 years ago | (#22426712)

>we should look for who is back-stoping the investment

I should be obvious: PJ is back-stopping it to keep the gravy train rolling.

That's what Gore said when FLA recount started (0, Flamebait)

leftie (667677) | more than 6 years ago | (#22426766)

Then Jim Baker went to court for the Bushes, the vote counting stopped, and the Supreme Ct. handed the White House to the Bushes. Stealing Linux will be nothing compared to that.

Re:Calm down, everyone (2, Insightful)

ricardo.fng (200869) | more than 6 years ago | (#22427174)

A quick check of the Stephen Norris Capital Partners Website elucidates their business model:
White men, models of conservative grooming and sartorial conventionality, sit around smoking crack and wearing propeller hats, while trying to concoct surrealistic investment strategies that will attract additional investors for their partnership. Or, perhaps they are holding patents for a way to convert millions in wasted litigation and the accompanying legal briefs into Green Energy.
http://www.snpartners.com/ [snpartners.com]
Gosh, is anybody else ready for this to just stop? Did somebody play a mean trick and make the dead horse twitch so somebody would want to beat it some more? SCO=Silly Corporate Overindulgence? Shortage of Clues Obvious? Serious Conspiracy Overload?

Norris? (4, Funny)

DoofusOfDeath (636671) | more than 6 years ago | (#22426360)

When I mis-read it, I thought: "Chuck Norris can make SCO viable!".

I'm glad it's just *Stephen* Norris.

Norris won't sue Novell or IBM (5, Funny)

Peter Trepan (572016) | more than 6 years ago | (#22426768)

He'll just roundhouse kick them until they sue themselves.

Re:Norris? (1)

Anne Thwacks (531696) | more than 6 years ago | (#22426772)

I doubt even Chuck Norris could make sco profitable.

Norris can't make SCO profitable, (1)

Peter Trepan (572016) | more than 6 years ago | (#22426864)

but he can kick its assets until they liquidate.

Re:Norris? (1)

captaindomon (870655) | more than 6 years ago | (#22426796)

Chuck Norris *could* make SCO viable. Everybody knows that Chuck Norris can do anything. I hope he starts working on DRM soon, by the way...

$100 Million (5, Funny)

C_Kode (102755) | more than 6 years ago | (#22426376)

Lets take inventory.

* Taking a beating in court.
* Its only valid business is a dying operating system.
* Your customers and pretty the entire tech industry hates you.
* The company is in chapter 11.
* The company has a negative cash flow.
* The judge in your case appears to hate you because of your court practices.
* I hate you.

Yeah, lets throw $100 million at them...

Connect the dots (5, Interesting)

RichMan (8097) | more than 6 years ago | (#22426378)

-----
Thanks to spacelifeform on GL:

http://www.iht.com/articles/2007/02/12/bloomberg/bxfour.php [iht.com]

NEW YORK: Four Seasons Hotels, the manager of 74 luxury hotels, said Monday that it had agreed to be taken private by Bill Gates, Prince Alwaleed bin Talal and the chief executive for $3.8 billion, including debt.

Coincedence?
----
Who is Stephen Norris,

http://www.snpartners.com/norris.html [snpartners.com]

Looks like there could very easily be some behind the curtain financing of this through foreign nationals.

---
Mr. Norris acted as a principal financial advisor to Prince Al-Waleed bin Talal Al Saud of Kingdom Holding Company, in structuring and negotiating the re-capitalization of Citibank, which returned over $15 billion in profits on about $590 million of equity invested. He also advised or played a key role in other Kingdom Holding Company investments. He was appointed by former president George H.W. Bush and confirmed by the U.S. Senate to serve as one of five governing members of the $100 billion Federal Retirement System Thrift Investment Board.

Since 1997, Mr. Norris, and certain members of his team, have worked on a number of investments including real estate investments in Europe and the United States. They were involved in amongst others the privatization of Thompson CSF, the recapitalization of Suez, the acquisition of portions of Credit Foncier's real estate portfolio in Paris by the German firm of IVG, the formation of Nomura's (London) bid for a Dutch mortgage bank, the offer by a major Saudia Arabian investment firm for Lamborgini in Italy, and the formation of a bid by Leucadia International's for the Labouchere Bank in Holland. He also negotiated and structured investments in Synxis Corporation, which was backed by George Soros and Mr. Norris, and MARC Global Holdings.
---

Re:Connect the dots (1)

p0tat03 (985078) | more than 6 years ago | (#22426572)

So... clearly this guy knows WTF he's doing. So what's the secret here? We gotta be missing something... A guy like that doesn't just throw $100M around for nothing.

Re:Connect the dots (1)

spun (1352) | more than 6 years ago | (#22426724)

He does if he or his partners are already in it, deep and dirty, and they don't want the dirt seeing the light of day. Call it $100M in hush money.

Re:Connect the dots (1)

Arcane_Rhino (769339) | more than 6 years ago | (#22427180)

Call it $100M in hush money.

Hush money for what? That George Soros and George Bush had an affair while coding the global domination shell back in the early 80's? I mean, the guy is connected as hell to REAL money (not the ridiculous millions and 10s of millions that you and I dream about). So, sure, he can fart away $100 million easy enough but why? What current connection does SCO have to anything?

its a worldwide trend (3, Interesting)

uss (1151577) | more than 6 years ago | (#22426816)

My wife went to law school and is now a practicing Attorney at a pure IP (Intellectual Property) NYC firm for a few years now.

There is an ongoing mad scramble to snag IP assets of all kinds.
(Key word: ALL KINDS)

I have been a long time IT person, and I happen to also be able to this peek into this neo-IP world, so I have a sense of deja vu -- similar to the dot-com frenzied land-grab --except that there are NO joe six packs doing the investing, just ultra-rich+ultra-smart professionals.

If anything is copyrighted (not patented) it has value for an infinite time frame. Grab onto it.
This may be yettunnadder instance of where /. is wrong, and the market is right.

Oh good (5, Funny)

Morkano (786068) | more than 6 years ago | (#22426386)

Oh good, looks like Novell and IBM can acually get some money out of SCO now.

Re:Oh good (1)

Jeng (926980) | more than 6 years ago | (#22426664)

How is that going to happen?

Crack ash isn't worth anything.

masochists (1)

fayd (143105) | more than 6 years ago | (#22426392)

You'd think someone that rich could find cheaper ways to get abused!

My first thought is "COOL!" (1)

ClayJar (126217) | more than 6 years ago | (#22426398)

For some time, it seemed the only thing the good guys would get out of SCO would be some old stationery and a few logo pens. With $100 million more, there's a chance that someone can be made to pay at least a little something for the many sins of that den of iniquity which calls itself SCO.

Tell you what, let's have all the evil team come right out and invest *everything* in SCO. That way we can have enough to pay for some really nice pyres and ale for the victory dancing.

Legal Claims (2, Insightful)

Bonker (243350) | more than 6 years ago | (#22426402)

According to a statement from the company, SNCP already has a business plan for SCO that includes pursuing its legal claims.


My understanding was that the company imploded because it was ruled that they did not own the Unix copyright, upon which the majority of its legal claims were based. What legal claims could they possibly have left?

Also, buying a company for the sake of being able to earn legal awards should be illegal, strictly as a matter of financial sanitation. A good solution to this would be a statute that makes a buyer liable for claims up to the amount he paid for the company, but make both him and the company unable to claim any rewards in suits pending on the company's behalf.

Re:Legal Claims (1)

moderatorrater (1095745) | more than 6 years ago | (#22426850)

Also, buying a company for the sake of being able to earn legal awards should be illegal, strictly as a matter of financial sanitation.
But everyone on slashdot knows that if you walk into court with more money than your opponent, you greatly increase your chances of winning, as the RIAA has taught us. The same is true of businesses. Let's say that SCO were to go after Ubuntu. Would you want someone to be able to invest in Ubuntu for the purposes of the court case? What if someone took some code that Ubuntu owned that was under the GPL and sold it for millions and millions of dollars. Could someone invest in Ubuntu in hopes of them recovering that money?

You're right that this is an abuse of the system, but that doesn't mean that the system needs to be fixed. The reason we have judges is so that they can look at what's going on and make their rulings based on all the facts, and that includes whether SCO's being frivolous and abusive.

SLASHDOT SUX0RZ (-1, Offtopic)

Anonymous Coward | more than 6 years ago | (#22426414)

_0_
\''\
'=o='
.|!|
.| |
SCO goes goatse [goatse.ch]

Well, there's one bunch that's going to be happy.. (4, Interesting)

Jay Maynard (54798) | more than 6 years ago | (#22426416)

Novell is now assured of getting every penny they've got coming to them.

oblig (2, Funny)

nih (411096) | more than 6 years ago | (#22426422)

i for one welcome our new SCO rescuing overlo...no, wait, ffs!

Bend over customers. (1)

iknownuttin (1099999) | more than 6 years ago | (#22426452)

"This significant financial backing is positive news for SCO's customers, partners and resellers who continue to request upgrades and rely upon SCO's UNIX services to drive their business forward," he said.

In other words, when their contracts with SCO expire, they better be prepared to bend over and spread'em wide. The Norris Capital Partners did not get into this to loose money. They have a plan and no, I seriously doubt it is based on profiting off of litigation. Any money that is received from litigation will be just icing on the cake.

This can be a huge opportunity for you Linux vendors out there. Just saying.

dons tinfoil hat... (2, Interesting)

Orthuberra (1145497) | more than 6 years ago | (#22426478)

The same Carlyle Group that the president's dad is a part of? Expect anti-terror operations against linux users to commence.


-sarcasm?

OH MY GAWD! (1)

whisper_jeff (680366) | more than 6 years ago | (#22426484)

OH MY GAWD!!

Make it stop!! This was an interesting story to follow two or three years ago. Now, it's just brutal! Stupid people with more money than brains... Walk away from SCO. It's dead. Make it stop!! Feel like throwing money away? Drop me a line - throw some at me. I promise you, you won't get it back. Just like you won't get any money back from SCO.

Oh my gawd!

Good (1)

Kazymyr (190114) | more than 6 years ago | (#22426486)

Now maybe Novell will have where to get their money from.

Wait, what? (1)

Y-Crate (540566) | more than 6 years ago | (#22426492)

They have some kind of business, much less a main business?

Is it eventually a good thing? (1)

headkase (533448) | more than 6 years ago | (#22426514)

At least the resources to stand against them exist. Unless IBM alone does a complete about face then the legal issues will eventually be settled for good or ill. I believe that if IBM pursues and rightly win's this confrontation then in a way its a good thing because it means that on the condition of win that Open Source will have a firm base on which to develop for the forseeable future. FUD will be dead. If they lose, then we'll just have to cooperatively organized our legal defense funds I guess because attacks will just not stop.

quoting Groklaw (3, Informative)

christian.einfeldt (874074) | more than 6 years ago | (#22426534)

Pamela Jones wrote [groklaw.net] :

"Hahahaha. Maybe this is the key?

SNCP has developed a business plan for SCO that includes unveiling new product lines aimed at global customers. This reorganization plan will also enable the company to see SCO's legal claims through to their full conclusion.
That's code, I think, for 'this will enable the company to continue to attack Linux'."

What's the main business, again? (1)

Dhar (19056) | more than 6 years ago | (#22426564)

which now has a platform to continue its court battle with Novell Inc. over royalties from the Unix server operating system, SCO's main business

So, is their main business the Unix server OS, or the court battle?

-g.

Here comes another bubble (1, Troll)

Threni (635302) | more than 6 years ago | (#22426576)

http://uk.youtube.com/watch?v=I6IQ_FOCE6I [youtube.com]

This is pretty apt. It's not often that comedy songs are funny, especially when they're nerdy comedy songs, but this one does it for me...

bad slasher flick (5, Funny)

russ1337 (938915) | more than 6 years ago | (#22426590)

Its like some really bad slasher flick where the bad guy just..... won't.... fucking.... die...., and the audience gets tired of all the inventive ways in which they are bought back to life....


Re:bad slasher flick (1)

captaindomon (870655) | more than 6 years ago | (#22426854)

The above comment should be modded up. It summarizes my feelings perfectly.

Only thing left... (5, Funny)

WarJolt (990309) | more than 6 years ago | (#22426592)

After a nuclear holocost the only thing left will be cockroaches, twinkies and SCO. If you chop off the heads of SCO lawyers they continue to live for a week. Just when you think they're dead those tiny little litigating arms start moving again.

Where is Anonymous when you need them? (0, Offtopic)

christian.einfeldt (874074) | more than 6 years ago | (#22426742)

SCO makes Scientology look like a glee club. I'm not advocating DDOS, which is certainly illegal and immoral, even against these two cults, but after all of the protests [wordpress.com] that Anonymous was able to drum up against one cult [geekentertainment.tv] , why not go for the SCO cult? Like the Scientology cult, the SCO cult supposedly has offices worldwide [sco.com] , making it a challenge worthy of the merry band of pranksters that is Anonymous.

Re:Where is Anonymous when you need them? (1)

dexomn (147950) | more than 6 years ago | (#22426832)

Well, yes I guess DDoS would be immoral... what about shotguns and flak jackets? You have to fight terrorism somehow...

Re:Where is Anonymous when you need them? (1)

frieko (855745) | more than 6 years ago | (#22427110)

SCO doesn't kill people with negligent pseudo-medicine or stuff all its BPR's into a filthy basement and forbid them to go outside, all the while convincing them that it's their own fault that it's happening to them. ..at least not that we know of?

I am worried (3, Insightful)

syphax (189065) | more than 6 years ago | (#22426840)

There's that old saying,

Never attribute to malice that which can be adequately explained by stupidity.

Stupidity cannot adequately explain this move, which leaves...

It aint over (1)

nurb432 (527695) | more than 6 years ago | (#22426872)

Until the fat lady runs out of money.

As long as the attorneys smell money, we can expect this to continue on for decades. They really don't care about the underlying attempt to undermine OSS by the funders, its all about getting paid. Once that stops flowing, they are gone.

Pay to Go Away (1)

zgregoryg (1061612) | more than 6 years ago | (#22426902)

The only explanation that seems plausible for this move, beyond utter lunacy, is that the investment company is hoping to become such a thorn in Novell and IBMs side with continuing litigation that they entice them to purchase SCO to get rid of them.

One clarification (5, Insightful)

drgould (24404) | more than 6 years ago | (#22426920)

SCO is proposing to go private.

Right now they can't buy paperclips without Judge Gross's permission (ok, I'm exaggerating, but only a little).

The US Trustee, Novell and IBM are all going to over the plan with a fine-tooth comb and the judge isn't going to approve it just on SCO's say-so. This could be like the York deal that SCO tried to push though last year, all smoke and mirrors.

So don't go getting your shorts in a bunch just yet.

SCO Sitcom (4, Funny)

EEPROMS (889169) | more than 6 years ago | (#22427024)

Watching the shenanigans of SCO has turned into the geek equivalent of Dallas [wikipedia.org] for geeks.

This week on SCO
Novel "oh my god!, Im sure I killed him"
SCO "Im baaaaack and I have 100 million dollars"
Red Hat "what crack monkey gave him money ?"

If someone is going to piss away 100 Million... (1)

Phil_at_EvilNET (569379) | more than 6 years ago | (#22427050)

Send it to me. I think it's a pointless venture giving an embarassment like SCO 100 million to pursue litigation for a lost cause. On the other hand, if they gave me the 100 million I'd be happy to create a business dedicated to designing corporate networks using UNIX and even give some of the SCO engineers a chance at a career.

April Fool (1)

AnalogDiehard (199128) | more than 6 years ago | (#22427102)

*checks calendar*

...a little early, isn't it?

You get nothing, (0)

Anonymous Coward | more than 6 years ago | (#22427108)

You LOSE, GOOD DAY sir!
Load More Comments
Slashdot Login

Need an Account?

Forgot your password?