CyberTech Rambler

March 27, 2009

SCO wants to sell itself, by hook or by crook

Filed under: Uncategorized — ctrambler @ 10:57 pm

Well, it is really a long long time since I last wrote about the sorry company known as SCO. PJ’s latest post says that SCO propose to pay IBM, Novell (and to be fair, other smaller creditors) whatever it still owe after five years with SCO stock.

Of course PJ, IBM and Novell see through that transparent plan. The later two understandably prefer cash-in-hand over SCO stock.

Tell you what bring a smile to me: Remember that when SCO first started the round of threatening to sue companies over Linux everyone believe it did that to annoy IBM enough to buy it to shut it up? Looks like SCO not only have not given up that hope, it is thinking creatively how to sell itself to IBM. This plan, if approved, means IBM would be at least part owner of SCO, SCO need only to wait five years. 😉

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2 Comments »

  1. SCO has cancelled the planned auction.
    Maybe SCO will shed light on its Reorganization Plan come next week.

    Maybe not. Their current Plan seems to dither till they run out of money. Which may happen even before they lose their appeal.

    Comment by _Arthur — March 28, 2009 @ 2:55 pm | Reply

  2. Arthur,

    >Maybe not. Their current Plan seems to dither till they run out of money. Which may happen even before they lose their appeal.

    Isn’t it a great plan? They get to spent all the money, then sell themselves to IBM.

    Come to think about it it is a bit like the bank bailout. Substitute RBS’s Goodwin with SCO’s McBride and IBM with UK government.

    Comment by ctrambler — March 28, 2009 @ 3:58 pm | Reply


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