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Investors bailing on SCO stock, SCOX plummets

Anonymous Coward writes | more than 6 years ago

Unix 0

HailDorothy (666) writes "SCO's stock price is plummeting in the aftermath of Judge Kimball's ruling that Novell owns the UNIX copyrights. "[W]e will continue to explore our options with respect to how we move forward from here," said SCO in a public statement issued in a futile attempt to calm investors. SCO's stock price has fallen 70 percent during trading today, reaching a 52-week low. It looks like the end is near for SCO, which still owes Novell 95 percent of the SVRX UNIX royalties it collected from Microsoft and Sun through the SCOsource program. As Judge Kimbell noted in his ruling, it's unlikely that Novell will ever be able to collect on those royalties."

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