SCO Wants Summary Ruling, Wants To Appeal Unix Ownership Decision 111
An anonymous reader writes "SCO is asking the court to enter a final judgment on the Unix ownership issues so that it can seek an immediate appeal. The logic for this, according to Groklaw Editor Pamela Jones, is that SCO would rather appeal right away so it can try all its claims at IBM, should it successfully appeal the judge's order. 'Otherwise, SCO has to wait until Novell goes through trial to a verdict and then appeal, and while it is in the appeal process, IBM would go forward in its now much smaller version, based on the August 10th ruling ... The trial starts, though, in less than a month and it will last less than a week, so none of this makes any sense if you look at a calendar. I think, therefore, it must be about FUD, so it sounds like SCO is on the move again.' The text of the request is available online. "
IBM dropped their patent counterclaims (Score:4, Informative)
"I believe that IBM picked four of it's patents and used them as part of their counter claims. Not entirely sure what became of that part of the case however."
IBM dropped their patent counterclaims some time ago.
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Steve Stites
Re:Stick a Fork In Them (Score:3, Informative)
You can tell how much each of their moves is worth by watching their stock. Lose the Unix case, your stock drops from $1.56 to $0.44. Make a shill appeal and win back 16 cents. Laughable at best.
SCO is the perfect example of how the stock market makes no sense. After the judge ruled that SCO didn't have the copyrights to Unix, their stock plummetted to about 50 cents from being worth over a dollar a share. As I right this, 15 minutes ago (I'm using free trackers which lag behind the market by 15 minutes), SCOX is trading at 68 cents a share. This means that SCOX has actually gained in value since it got hammered. Does that make any rational sense? It doesn't to me, yet there appear to be many people out there who still think that SCOX has value.
Actually, stocks get delisted if they trade for under a dollar a share for a long enough period. SCO already faced a delisting action, but they did a reverse split where they converted 3 old shares for 1 new share. It's an artificial way to pump up a stock's value and it almost never works, yet in this case it did. I wouldn't be surprised to see SCO do yet another reverse split if necessary to get the share price back over a dollar and there would be somebody stupid enough to buy it.
I have 2 friends who several years ago got out of the stock market permanently. It was stuff like this that just defies all logic that made them decide that the stock market was too much black magic for their tastes.