| By Maureen O'Gara | Article Rating: |
|
| May 15, 2009 11:08 AM EDT | Reads: |
3,443 |
IBM and Novell have piled on the bankruptcy trustee's move last week to put SCO into liquidation, a move made the day before the 10th Circuit heard SCO's appeal asking for the summary judgment awarding ownership of Unix to Novell to be overturned.
Timing is everything but it's unclear why IBM and Novell waited so long unless they didn't want to look like bullies and give SCO something else to complain about.
Anyway, they argue in separate but similar motions that SCO's management should be ousted and what's left of the company turned over to a trustee who's not married to the idea of sacrificing everything to chase the dream of a pot of gold at the end of its litigation.
They say that SCO has had 19 months and three extensions to come up with a reorganization plan, has flubbed two attempts to sell assets or reconstruct itself, has racked up $11.3 million in losses during that time, is now simply squandering cash, has little to no chance of getting back on its feet and should be put into Chapter 7 to preserve what little value is left for creditors like themselves.
If SCO was liquidated, then IBM could conceivably buy its IP and put an end to any cloud hanging over Linux, though one has to wonder if a gambler would come forward to outbid IBM and how far those trumps could go.
Interestingly, it was IBM who ran up an order for the bankruptcy judge to sign. A hearing on the motions is set for June 12 but with IBM and Novell coming in now that'll get delayed a bit.
SCO can still come up with the financing to get itself out of this fix. It wouldn't even need that if the 10th Circuit rules in its favor soon.
Published May 15, 2009 Reads 3,443
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara
![]() |
anonymous-insider 05/15/09 04:11:17 PM EDT | |||
Linux fanatics should feel uneasy about Microsoft's debt offering made 5 days after the Denver hearing. Besides, Microsoft and old SCO were partners before so this is a great opportunity to obtain Unix IP for a good price! |
||||
- Microsoft Tries Hadoop on Azure
- Asynchronous Logging Using Spring
- StorSimple Supports OpenStack
- What to Expect in 2012: Cloud Computing and Open Source Software
- Will PaaS Finally Bring Open Source Love to the Enterprise?
- AT&T Joins OpenStack, Floats Cloud Architect
- Linux Virtualization and Tired Open Source Myths
- Red Hat Sets Up GlusterFS Advisory Board
- OpenOffice.com Lives
- Selecting a Business Intelligence Solution
- Cloud Computing: A Platform-First Approach
- Forrester Wave: Open Source Business Intelligence
- Adobe Sends Flex to the Apache Foundation
- i-Technology in 2012: Five Industry Predictions
- Microsoft Tries Hadoop on Azure
- OpenXava 4.3: Rapid Java Web Development
- Asynchronous Logging Using Spring
- StorSimple Supports OpenStack
- What to Expect in 2012: Cloud Computing and Open Source Software
- Will PaaS Finally Bring Open Source Love to the Enterprise?
- AT&T Joins OpenStack, Floats Cloud Architect
- More Use Cases for Big Data Analytics
- Linux Virtualization and Tired Open Source Myths
- Red Hat Sets Up GlusterFS Advisory Board
- After Ubuntu, Windows Looks Increasingly Bad, Increasingly Archaic, Increasingly Unfriendly
- SCO CEO Posts Open Letter to the Open Source Community
- Simula Labs Launches Hosted Delivery Platform To Enable Enterprise Open Source Adoption
- Where Are RIA Technologies Headed in 2008?
- Source Claims SCO Will Sue Google
- How Open Is "Open"? – Industry Luminaries Join the Debate
- Latest SCO News is Plain Weird
- SCO Claims Linux Lifted ELF
- IBM Tells SCO Court It Can't Find AIX-on-Power Code
- Flashback: Investing in 'Professional Open Source' - Exclusive 2004 Interview with David Skok, Matrix Partners
- Developing an Application Using the Eclipse BIRT Report Engine API
- HP Starts Pushing Desktop Linux


















