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Submission + - SCO Group admits it may fold (news.com)

mytrip writes: "Having filed for Chapter 11 bankruptcy protection, SCO claims it may go under permanently, depending on how much the court decides it owes Novell.

The SCO Group may need to wind up its operations after its copyright case against Novell collapsed, prompting it to file for bankruptcy.

"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," read part of a filing with the U.S. Securities and Exchange Commission, made on Tuesday."

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SCO Group admits it may fold

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