Submission + - SCO Files for Bankruptcy (linux.com)
GuitarNeophyte writes: "SCO announced today that it has filed for reorganization under Chapter 11 of the US Bankruptcy Code." After years of fighting and losing legal battles with Linux, Novell, Redhat and other users, SCO is finally losing their monetary backers. Now that they've realized that their gambles didn't pay off, many investors are cutting their losses. From this article, "The company's stock lost 43% of its value today, last trading at 37 cents, down from around $20 a share in 2003, shortly after the company filed its first lawsuit."