SCO Springs a Prospective Buyer 89
clemenstimpler sends a link to Groklaw, which has been following the proceedings dealing with the conversion of SCO's bankruptcy to Chapter 7 (i.e., liquidating the company). SCO has announced a prospective buyer. "...SCO has suggested it has a buyer. That doesn't mean it will avoid Chapter 7 of course, nor does it mean that the bankruptcy court will OK the suggested sale. But it likely does mean more delay, which is what this is likely all about. SCO very much wants to wait until the appeals court rules in SCO v. Novell. ... Hearing set for July 16 with backup for July 27. SCO has already moved to make it July 27. combo hearing on convert and sale. Frankly, it would not totally amaze me if the three entities that filed motions to convert were to appeal this. If not, SCO got its desired delay."
Wrong - just advertising on someone else's work (Score:3, Informative)
You have been conned by stupid MIT staffroom politics which has escaped onto the net. Linux is not a GNU project, the GNU operating system is called HURD. I think the whole gnu/linux thing and the LiGnuX thing before it was just a response to people asking RMS what he had done lately. He has done a lot of worthwhile things but linux was put together by others. The gnu tools are incredibly useful but make up only a small portion of most linux distributions and are not there at all in some of the embedded distributions (which use a different C library and use busybox).
There is a linux distibution called is "Debian gnu/linux", but all the packaging has been done by Debian without involvement by gnu.
It also seems you have confused GNU with the GPL and seem to think the GPL restricts commercial activity - keep in mind that not even Halliburton are afraid of it since all it really means is telling people where you got your free code from. It isn't 1995 anymore, and even then anyone that took the time to actually read the thing wouldn't have been that worried about it.
in this day and age? (Score:3, Informative)
in this day and age...after the credit implosion and GM's bankruptcy..after Madoff....there's someone still stupid^H^H^H^H^H^Hbold enough to buy SCO?
Man....can someone get me his number? I've got a few dozen bridges and landmarks to sell him, not to mention a few automobiles.
Re:Paging Buffy Summers... (Score:5, Informative)
I doubt it. A bankruptcy judge's job is essentially to ensure that SCO's creditors get the maximum amount of money back under the law. From that perspective, liquidation tends to be a fairly lousy solution, particularly for companies deeply in debt. A buyer is, of course, the best solution: Somebody willing to assume that debt and, hopefully, turn the company around to making some money again. Then it can start to pay back its creditors and if it falls apart again, well, you're just right back at the liquidation stage -- little lost but time.
So unless the judge can determine this is nothing but a bullshit stalling tactic on the part of SCO--and I doubt any judge would do so without at least a hearing or two on the matter--they're almost certain to let it pass.
One (Score:5, Informative)
http://www.infoworld.com/t/platforms/sco-strikes-gold-verizon-just-strikes-728 [infoworld.com]
Microsoft bought $6 million of "licenses" to SCO in 2003.
"Potential" is the key word here (Score:4, Informative)
Re:Paging Buffy Summers... (Score:4, Informative)
Right now, realistically, the best the creditors can hope for is liquidation and for someone to buy up "substantially all the assets" of the company. That probably amounts to zero, but at least it allows them to finally write off the bad debt and be finished with the litigation. Zero all they can expect in any case, the only question is whether it is zero now or zero later.