SCO Bankruptcy "Imminent, Inevitable" 234
mattaw writes "From analysis by Groklaw it seems that SCO may owe Novell nearly all the SCOSource licensing fees, and has been hiding the fact for 3 years. Imminent. Inevitable. Bankruptcy. Those are the words from Novell's lawyers. Perhaps the IBM/SCO case could close earlier than planned? Perhaps we can finally be rid of this specter once and for all?"
Their stock has actually gone up! (Score:4, Interesting)
They've been doomed for how long now? (Score:5, Interesting)
I mean seriously. We've been hearing variations of the "OMG SCO is teh doomed!" now for so long my eyes just glaze over when I see another one.
Call me when Darl is in jail or flees the country.
Next prediction.. SCO sues Tarantella/Sun (Score:3, Interesting)
About 50 developers? (Score:5, Interesting)
Re:Their stock has actually gone up! (Score:2, Interesting)
Re:Can they drop the suit? (Score:5, Interesting)
Re:Their stock has actually gone up! (Score:3, Interesting)
This would mean that SCO falsely represented ownership claims to IBM in that lawsuit, and would have a huge liability regarding that fraud. In addition to all the other IBM counter claims, there is no way either Novell nor IBM would buy anything of SCO, if only to avoid the taint. Novell likes IBM here, at least partially, on a professional level.
My prediction is that SCO will simply disolve, having no IP, and no cash, and no value whatsoever. Whatever unencumbered assests (If any) and IP (If any) SCO has, will probably be split somehow between IBM and Novell, and probably down the lines of Unix IP / Other assets, IP. With the Unix IP going to Novell, and everything else going to IBM.
The only other option is a firesale of all the assets/IP SCO has, and the money split between IBM and Novell, along some agreed upon number.