SEC Investigating SCO?

Udo Schmitz writes "As Groklaw reports, the SCO Group stated in a SEC filing from yesterday: 'In addition, regulators or others in the Linux market and some foreign regulators have initiated or in the future may initiate legal actions against us, all of which may negatively impact our operations and future operating performance.' Does this mean the SEC finally started to pull some stops? SCOs and Canopys financial dealings (Vultus acquisition anyone?) long ago lead to speculations in the Linux community about the legality of their business practices, or the whole lawsuit just being a stock scam."

the cookie at the end of the page...

[Doomie]

"The party adjourned to a hot tub, yes. Fully clothed, I might add. -- IBM employee, testifying in California State Supreme Court"

Relevant? I say yes :)

No more bribe money

[Anonymous Coward]

They must have run out of money to buy off the key Congress critters. The rest belongs to Darth Darl.

awww waaaaa

[AviLazar]

have initiated or in the future may initiate legal actions against us, all of which may negatively impact our operations and future operating performance

Yea so what? Like you haven't cost other companies millions of dollars, hundreds if not thousands of man-hours, and that is not even to mention all the lost work hours from us /. posters.

I hope you get sued into the ground.

Canopy Group?

[chinard]

How come every time I hear about Canopy group in this case I cant help but thinking about the Umbrella Corporation? O.o;

Giggling

[kristopher]

You know I didn't think anything would make me giggle like a little girl. I was wrong.

My favorite quote from the article:

[AnObfuscator]

"Our stock price could decline further because of the activities of short sellers. Our stock has attracted the interest of short sellers. We believe the activities of short sellers have in the past and could in the future further reduce the price of our stock or inhibit increases in our stock price. " ha ha ha. Next on the Nature channel: How the activities of vultures and buzzards inhibit and reduce the activities an otherwise perfectly healthy wildebeest.

Re:I hear quite abit about SCO

[thparker]

except they have not been able to pony up any rock hard evidence

I'd suggest that they really haven't even shown any flaccid, squishy evidence.

Hear that?

[cyclist1200]

It's the sound of the world's tiniest violin, playing just for SCO.

Re:SCENE: May 19th, 2007

[Tenebrious1]

He looks up and with stunned shock you say, "Hey! Didn't you used to be Darl McBride"? ;P

And then you start beating him with your laptop screaming "damn you and all those SCO stories on /. I had to metamoderate!!!"

Re:the cookie at the end of the page...

[endx7]

"Never eat anything bigger than your head."

I'm not sure how yet, but I think that's relevant too.

We've been what?

[spun]

We have been activated.

Wonder geek powers, activate! Form of: an 800lb. gorrilla! Form of: a tidal wave of litigation!

Re:Good chance of it being a scam

[Anonymous Coward]

And guess what happens when all the major shareholders are either insiders or institutionals?

We put the insiders inside an institution?

Re:Good chance of it being a scam

[Moofie]

"everything short of breaking the law in order to turn a profit for those who own stock"

I don't think they're being investigated by the SEC on suspicion of hugging bunnies and adopting homeless kittens.

Wrong company!!!

[Xtifr]

I'll ignore your confusion over "Santa Clara" vs. "Santa Cruz", since several others have corrected you already. But the Santa Cruz Operation (now Tarantella, recently purchased by Sun) is a completely different company! This "SCO" is "The SCO Group". The "SCO" in their name doesn't stand for anything; their name is simply "The SCO Group".

This "SCO" was formerly known as Caldera, and they were originally formed to create a desktop environment (the "Caldera Network Desktop" or CND) for Linux. And they helped fund the creation of Red Hat, in order to have a stable base for the CND. Later, they decided to go their own way, and forked the Red Hat distro to make their own Linux distro ("Caldera OpenLinux"). Then they bought some assets (vague and unspecified, but definitely including the "SCO" trademark) from the Santa Cruz Operation, changed their name, started pretending they'd never heard of Linux before, and sued IBM.

Re:the cookie at the end of the page...

[Anonymous Coward]

"...and the guy's like 'now he checks everything before he eats it.'"

Re:And the world wept

[Anonymous Writer]

The day SCO is finally obliterated will be one serious celebration here on Slashdot. All around the world. Like friggin' New Years, complete with the dreadful hangover the next day. Should we come up with a name for it already? "NetCraft Confirms SCO is Dead Day"? You know, so we can all greet each other with a phrase like "Happy SCO is Dead Day" or "Happy GNU Years"? Help me out here.

Re:My favorite quote from the article:

[bill_kress]

Son of a BITCH! How did I miss the idea of shorting SCO. Damn I feel stupid.

Re:the cookie at the end of the page...

[identity0]

*Pictures IBM guys sitting in a hot tub while wearing full suit and tie, surrounded by hot chicks in bikinis*

IBM Guy 1: Say, maybe we could loosen up a little, now that we're in a hot tub...

IBM Guy 2: Are you MAD?! Dress code requires a shirt, jacket and tie at all times! We're IBMers, not some grungy hippie hackers from Berkeley!

IBM Guy 1: Couldn't we at least take our jacket off? I'm getting kind of hot...

IBM Guy 2: Well, dress code reg. N21305-A says you may take off your jacket if the temprature is too high - but don't even think of loosening that tie, mister!

Bunch of hedonistic wildmen, aren't they? Wonder what they do at their christmas parties...

Re:10-K

[krbvroc1]

My guess is the SEC noticed they are reporting 'goodwill'. Someone realized something was fishy because there is no goodwill towards SCO.

Re:And the world wept

[michrech]

Help me out here.

Certianly -- Which way did you come in?

(insert rimshot here)

Re:Good chance of it being a scam

[Vellmont]

Please notice that they said anything short of breaking the law.

And that excuses them from any moral judgements? I'll remember that next time I cheat on my wife. "Honey! It's not against the LAW!!!". (Ok, I'm not really married, but you get the point).