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Caldera The Almighty Buck

Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs 585

Posted by michael
from the so-long-and-thanks-for-all-the-lawsuits dept.
jbell99999 is the first one to submit news that the Royal Bank of Canada is divesting itself of SCO stock. They're selling part of their preferred stock to Baystar, which has already indicated that they want to redeem their shares, and converting the rest to regular stock, which they can presumably sell on the open market. In other SCO news, Versicherung writes "The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce. The cuts come less than a month after the company brought on a new chief financial officer and just before the company ended its second fiscal quarter April 30." See also stories at Eweek and Linuxinsider.com.
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Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs

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The more cordial the buyer's secretary, the greater the odds that the competition already has the order.

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