Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs 585
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.
Oblig. Simpsons Quote (Score:4, Funny)
Thank "The Doors.".. (Score:4, Funny)
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes...again
Quite appropriate, don't you think?
So the moral of this story.... (Score:5, Funny)
who? (Score:3, Funny)
10%? (Score:4, Funny)
--------
Free mobile porn [steamymobile.com]
Finally! (Score:3, Funny)
10 Percent of their workforce! (Score:5, Funny)
start with... (Score:1, Funny)
Smilin' like the Enzyte Guy (Score:4, Funny)
Bre-X (Score:5, Funny)
Jason
ProfQuotes [profquotes.com]
ha! (Score:1, Funny)
What do you bet... (Score:4, Funny)
Lay-offs abroad? (Score:4, Funny)
I guess they are laying of lawyers in Germany then?
Oblig. Star Wars reference (Score:5, Funny)
".. We've analysed their attack sir, and there is a danger. Should I have your ship standing by?"
3C
SCO Imitates Art (Score:5, Funny)
I can't help feeling... (Score:5, Funny)
To get more customers (Score:5, Funny)
2. Then start selling an actual product.
3. Profit.
I can't wait to see how Laura Didio spins this one as a plus for SCO.
Reminds me of Apocalypse now... (Score:4, Funny)
Re:Thank "The Doors.".. (Score:5, Funny)
Linux looks ugly when you're alone
IBM seems wicked when you've just sued them
Wall Street is uneven when your stock is down
When you're Darl
Lawyers come out of the rain
When you're Darl
No one won't curse your name
When you're Darl
When you're Darl
When you're Darl
Re:Ding Dong... (Score:2, Funny)
Did Netcraft confirm it? Poor SCO, truly an American icon.
Burn SCO Group BURN!!! (Score:1, Funny)
burn, burn, burn...
open up
now open up
you lied, you faked
you cheated, you changed the stakes
magnet Toss that pie in the sky
unrehearsed, let the bubbles burst
all in all, a three-ring circus
of unity with parody
tragedy or comedy
problably publicity
open up, make room for me
now open up, make room for me
lose myself inside your acchemes
go for the money, honey
not the video screen
be a lying CEO, blah blah blah
go the whole hog be bigger than God
burn SCO Group burn, taking down LindonTown
burn SCO Group burn, down to the ground
burn SCO Group burn, burn Darl McBride burn
take down LindonTown, burn down to the ground
down, into the ground
burn, burn, burn
burn.....
Re:10%? (Score:5, Funny)
This really shows you something about SCO... (Score:2, Funny)
And they said that these layoffs were "to help us focus on our core business"
Re:Bre-X (Score:4, Funny)
unfortunately, we can't spell for shit.
Re:Where have you been? (Score:5, Funny)
"Source: The SCO Group"
That's why it began with: "The SCO Group, Inc. ("SCO") (Nasdaq: SCOX - News), a leading provider of UNIX-based solutions and the owner of the UNIX operating system,....
I almost choked when I read the first line.
Re:SCO Imitates Art (Score:5, Funny)
Gotta Love Layoff Logic (Score:5, Funny)
Q. Your the captain of a ship commanding 100 sailors. Your carrying valuable cargo you need to sell for the owner of the ship. It appears there is a hole in your ship and water is coming in fast. What's do you do?
A. Find out what's wrong and fix it
B. Tell the sailors to start bailing water and sing something happy while they do it
C. Start looking around for at the other ships pilot since this once hasn't got long
D. Move the Cargo to your personal dingy and set sail
E. Tell everyone "This is not happening, everything is normal, the ship cannot be sinking, we take precautions, you know" and remain calm. (Erik the Viking)
F. Start throwing sailors into the sea until to lighten the load?
Final request (Score:4, Funny)
Re:10 Percent of their workforce! (Score:3, Funny)
I think their workforce USED to be 90% attorneys.
With 100% attorneys, they're a prime example of the new breed of IT company. The IT industry used to be heavy on the technical side, but the new trend is to be heavy on the (protection of) information side.
(the above is meant to be funny)
Re:Where have you been? (Score:5, Funny)
How will this affect the release schedule for the next minor versions of the Linux 2.4 and 2.6 kernels? I've been anticipating Linux 2.6 settling down a bit before I switch and this news of SCO reducing it's tech staff by such a huge amount causes me to question investing so much of my time and energy into upgrading.
If SCO ceases to exist, will Linux still be available!? Will they open source the code so that a group of volunteers can saddle up and take the reins from this dedicated staff of SCO developers who have put so much time and effort into making Linux the great operating system that it is? Inquiring minds want to know the answers to these questions damnit.
Re:Oblig. Star Wars reference (Score:4, Funny)
Of course, The Simpsons reference is valid (Score:5, Funny)
Re:Thank "The Doors.".. (Score:5, Funny)
You know that I would be a liar
If I was to say to you
Torvalds is a thief and a liar
Gotta stop Linux or I'm fired
Gotta stop Linux or I'm fired
Try to set the source on fire
The time to litigate is through
No time to wallow in the mire
Try now we can only lose
And our company become a funeral pyre
Gotta stop Linux or I'm fired
Gotta stop Linux or I'm fired
Try to set the source on fire, yeah
The time to litigate is through
No time to wallow in the mire
Try now we can only lose
And our company become a funeral pyre
Gotta stop Linux or I'm fired
Gotta stop Linux or I'm fired
Try to set the source on fire, yeah
You know that it would be untrue
You know that I would be a liar
If I was to say to you
Girl, our lawyers couldn't get much higher
Gotta stop Linux or I'm fired
Gotta stop Linux or I'm fired
Try to set the source on fire
Try to set the source on fire
Try to set the source on fire
Try to set the source on fire
Try to set the source on fire
Re:Bre-X (Score:2, Funny)
Re:Thank "The Doors.".. (Score:1, Funny)
So long!
Risk vs Reward (Score:4, Funny)
Stock goes up => Big Bonus
Stock goes down => We get your liver
Re:So the moral of this story.... (Score:5, Funny)
Canadian investment in SCO - 30 million
American investment in SCO - 20 million
Canadian Population ~ 30 million
American Population ~ 300 million
So on a per capita basis Canadians are 15 times more responsible for the SCO mess
Re:A bad thing? (Score:4, Funny)
If the amount on line C is non-zero and greater than the amount on line B subtract the amount on line A from line D and write on line E.
Re:Hallelujah! (Score:3, Funny)
Unfortunately, they can't lay Ballmer off...
Didio's next comments: (Score:3, Funny)
"I think this is great for SCO - RBC decided that it loved them so much, that it chose to convert 10,000 of its' A-1 shares to common stock, at over TWICE the market rate! How much more of a vote of confidence can you get?
"Their total relinquishment of any controlling interest in SCO is a full ringing endorsement of the current SCO management and business direction.
"Combine this with the fact that the balance of their A-1 shares went to Baystar, a company that has come out in full support of SCO's legal case, means that this is all good news!"
</voice>
I feel dirty now.
Re:Bre-X (Score:5, Funny)
At least we can do that in more than one language!
Re:Bert Young (Score:2, Funny)
Re:Shareholders' lament (Score:2, Funny)
Re:Bre-X (Score:1, Funny)
BayStar webmaster think strategy's upside down. (Score:5, Funny)
Wonder if their webmaster's making fun of them. In addition the funny image, of course netcraft confirms baystar's running BSD [netcraft.com]. Does that mean they're dead?
Even Better... (Score:5, Funny)
War was beginning
Darl: What happen?
Blake: Somebody set up us the DDOS.
Mark: We get signal.
Darl: What!
Blake: Main screen turn on.
Darl: It's You!!
Linus: How are you gentlemen!!
Linus: All your IP are belong to us.
Linus: You are on the way to destruction.
Darl: What you say!!
Linus: You have no chance to survive make your time.
Linus: Ha Ha Ha Ha
Darl: Take off every 'IP claim'!!
Blake: You know what you doing.
Darl: Move 'IP claim'.
Darl: For great injustice.
Re:Not HaHa! - This may be a very bad thing. (Score:3, Funny)
Re:Bre-X (Score:3, Funny)
..... No!
:)
Re:Canadians vs. Americans (Score:3, Funny)
Coincidentally, Canadians have long thought that they are smarter for the same reason.
(Apologies to Douglas Adams.)
Re:Bre-X (Score:2, Funny)
The noise you hear (Score:3, Funny)
Enjoy the show!
Re:Wise Canadian company? (Score:3, Funny)
Re:Thank "The Doors.".. (Score:3, Funny)
Can't you see that I am not afraid?
What was that promise that you made?
Why won't you tell me what MS said?
What was that promise that you made?
Now I'm gonna love you, 'till IBM stops the suit
I'm gonna love you 'till the suits descend from the news
from Big Blue