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SCO still surving
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squashman
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Post Posted: Thu Feb 14, 2008 7:31 pm   Post subject: SCO still surving Reply with quote Back to top  
http://www.news.com/8301-13580_3-9872474-39.html?tag=nefd.top
Quote:
Stephen Norris & Co. Capital Partners said Thursday it and unnamed Middle Eastern partners will fund The SCO Group with up to $100 million to take over the financially beleaguered Unix company, move it out of bankruptcy protection, complete its controversial and unsuccessful Linux litigation, and take it private.

How do they plan to do that!
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creed
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Post Posted: Thu Feb 14, 2008 7:49 pm   Post subject: Re: SCO still surving Reply with quote Back to top  
squashman wrote:
http://www.news.com/8301-13580_3-9872474-39.html?tag=nefd.top
Quote:
Stephen Norris & Co. Capital Partners said Thursday it and unnamed Middle Eastern partners will fund The SCO Group with up to $100 million to take over the financially beleaguered Unix company, move it out of bankruptcy protection, complete its controversial and unsuccessful Linux litigation, and take it private.

How do they plan to do that!


Same way every other case is won in America; make your opposition cry uncle from legal fees.

And middle eastern investors.....why am I picturing that someone, somewhere will take the "OMG it'z terroristz!" angle.

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EdisonRex
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Post Posted: Fri Feb 15, 2008 1:39 am   Post subject: Reply with quote Back to top  
Deal has yet to be approved by the bankruptcy court. In addition there may be other issues.

Typical of SCO, though.

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Post Posted: Fri Feb 15, 2008 3:49 am   Post subject: Re: SCO still surving Reply with quote Back to top  
creed wrote:
Same way every other case is won in America; make your opposition cry uncle from legal fees.


No one folds faster than the Federal government.

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EdisonRex
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Post Posted: Mon Feb 18, 2008 1:26 pm   Post subject: Reply with quote Back to top  
So I read the deal today. Geez, these people are either stupid, or deluded.

They will start with 5 million, to see the current litigation through. If it goes ahead, Darl is out. They will commit up to 100 million, but at ever increasing interest rates - it is a loan, and they want a good return. Also, they take control of SCO, they get to kick out almost half the board.

It looks like a pipe dream, actually, and I think they are using it to bluff IBM and Novell. I can't see how any investor would be so stupid at this point.

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T
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Post Posted: Mon Feb 18, 2008 4:59 pm   Post subject: Re: SCO still surving Reply with quote Back to top  
ThunderDawg wrote:
No one folds faster than the Federal government.


I dunno. Have you seen onefast1's hardware details?

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Webster
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Post Posted: Tue Feb 19, 2008 6:44 am   Post subject: Re: SCO still surving Reply with quote Back to top  
squashman wrote:
unnamed Middle Eastern partners


OMG it'z terroristz!

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creed
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Post Posted: Tue Feb 19, 2008 2:22 pm   Post subject: Re: SCO still surving Reply with quote Back to top  
Webster wrote:
squashman wrote:
unnamed Middle Eastern partners


OMG it'z terroristz!


Told ya Very Happy

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anglachel
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Post Posted: Tue Feb 19, 2008 3:22 pm   Post subject: Reply with quote Back to top  
EdisonRex wrote:
It looks like a pipe dream, actually, and I think they are using it to bluff IBM and Novell. I can't see how any investor would be so stupid at this point.


you do remember these same investors didn't pull out when sco was failing at their profit by lawsuit model of bussiness right? these aren't the bright ones.

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EdisonRex
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Post Posted: Tue Feb 19, 2008 3:26 pm   Post subject: Reply with quote Back to top  
anglachel wrote:
EdisonRex wrote:
It looks like a pipe dream, actually, and I think they are using it to bluff IBM and Novell. I can't see how any investor would be so stupid at this point.


you do remember these same investors didn't pull out when sco was failing at their profit by lawsuit model of bussiness right? these aren't the bright ones.


Don't hold yer breath. This is a PIPE dream. When the Arab investors do the due diligence, and see what's up, it'll fall through.

I will be amazed if someone actually wants to buy Unix.

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EdisonRex
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Post Posted: Tue Feb 19, 2008 3:39 pm   Post subject: Reply with quote Back to top  
EdisonRex wrote:
anglachel wrote:
EdisonRex wrote:
It looks like a pipe dream, actually, and I think they are using it to bluff IBM and Novell. I can't see how any investor would be so stupid at this point.


you do remember these same investors didn't pull out when sco was failing at their profit by lawsuit model of bussiness right? these aren't the bright ones.


Don't hold yer breath. This is a PIPE dream. When the Arab investors do the due diligence, and see what's up, it'll fall through.

I will be amazed if someone actually wants to buy Unix.


Especially since the Unix copyrights are what is still owned by Novell. Like I said, it's just smelly, actually. The thugs are trying other options.

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