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. "
Stick a Fork In Them (Score:5, Interesting)
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.
Annoying? Yes. Something to worry about? Not at all in my opinion.
These have been considered junk stocks for awhile. Now they're simply laughable junk stocks. Expect to see them in your spam e-mails with scams claiming they'll be opening at a nickel and closing at a dime.
This is SCO stalling for time...again (Score:5, Interesting)
SCO knows their appeal has about as much chance as being stuck in a snowstorm on sunny July day in downtown Dallas. This is SCO trying to get the trial date pushed back far enough they can suck as much cash value out of the company as possible before filing for bankruptcy protection.
If they lose now they'll leave behind a chunk of cash.
Hopefully the appeals court opts not to review the case and SCO is dead by Christmas. What a nice present that would be for the holidays.
Re:Stick a Fork In Them (Score:3, Interesting)
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, for those who bought at $0.44/share, their investment is worth $0.68/share now-- a 54.5% increase in value, in about a week. There are lots of investors who buy when they think the stock is at its lowest possible value (short term or long term). Yes, they're taking a risk, but whether they think SCOX "has value" is irrelevant. I think history tells us that SCO always does a stunt to raise its stock price after a crisis, so some people might think you're foolish not to invest in SCO at $0.44.