The SCO Group has raised about $10 million in a stock sale to institutional investors and a company board member, a move that will help the financially struggling company, which is embroiled in a complicated and expensive legal battle against IBM and other companies. The suits are based on the Lindon, Utah-based company's
assertion that IBM breached its contract with SCO by moving proprietary Unix technology into the open-source Linux operating system.
SCO said Wednesday that it completed a private placement of 2,852,449 shares of common stock, selling some to institutional investors at $3.50 per share and some to the board member at $3.92 per share. "The proceeds should ensure that the company has adequate funding to pursue its existing business strategies, including the resolution of the company's existing legal proceedings," SCO said in a statement.
It might distract people from the little fact that during 2½ years of litigation, they still didn't produce a single line of code that looks offensive.
Wonder about the motivations of those posting that money...
These were my thoughts, exactly. But, even though, I know many of the tawdry-facts behind the Microsoft "Get The Farce" campaign, and have read the numerous connections between Microsoft and SCOs "anti-Linux" actions, I still feel a genuine-twinge of surprise that anybody, even Microsoft, could be that stupid.
I guess, and hope, that we will finally know all the facts, someday.
You guys are so paranoid of Microsoft, it's laughable. You folks in the open source movement should be more worried about Microsoft enforcing the 24 or so patents that Linux is currently infringing upon, much less IBM's alleged infringement. Your own ridiculous leaders of the OS movement found the violations themselves a few summer's back. But you weren't aware of that were you? You selectively choose to forget that as you wish the SCO case would go away.
Web giant is spending $120 million to beef up its Mountain View, Calif., headquarters, according to filings with the city reviewed by the San Jose Mercury News.
The Samsung Galaxy Mini 2 S6500 could make its debut at the Mobile World Congress in Barcelona later this month, according to a leaked promotional image.
MIT creates a simulation to celebrate the 50th anniversary of Spacewar. A relic of the early days of minicomputers, it was one of the first computer video games and set the stage for many others, including Asteroids.
Say goodbye to that $10 million.
SCO stock????
Maybe these apparently incompetent investors get salvage rights or
something. But then what is there to salvage?
Wonder about the motivations of those posting that money...
I guess, and hope, that we will finally know all the facts, someday.