Just Some Guy - Slashdot User

SCO On The Ropes 0

Submitted by

Just Some Guy

on Tuesday September 18 2007, @12:49PM

Just Some Guy writes "The SCO Group just published their SEC Form 10-Q Quarterly Report for July 31, 2007. In summary, they really needed a victory over Novell that didn't come. In their own words, "[as] a result of both the Court's August 10, 2007 ruling and our entry into Chapter 11, there is substantial doubt about our ability to continue as a going concern." Other highlights include:

Revenue from the UNIX business decreased by $2,704,000, or 37%, for the three months ended July 31, 2007 compared to the three months ended July 31, 2006 [...]

and:

Revenue from our SCOsource business decreased from $31,000 for the three months ended July 31, 2006 to $0 for the three months ended July 31, 2007.

Are we close to the end of the saga?"

SCO No Mo'-> 0

Submitted by

Just Some Guy

on Sunday September 16 2007, @03:57PM

Just Some Guy writes "The other shoe has dropped; SCO has filed for bankruptcy. From their press release: "The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders, and employees."

Although they "want to assure [their] customers and partners that they can continue to rely on SCO products, support and services for their business critical operations," they later go on to say that "SCO owns the core UNIX operating system", contrary to findings in the SCO v. Novell court case. It's not advisable to take their words at face value."
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