OStatic

SCO Files for Reorganization Again, Puts Assets Up for Sale

In its Quixotic effort to never admit defeat, the SCO Group has (again) filed reorganization plans in Bankruptcy Court. It has been a drawn out procedure that first raised the ire of the open source world, and later the courts, as appeals were filed and reorganization plans were rejected and resubmitted.

The SCO Group is giving it another shot, this time proposing it can rise from its ashes by selling some of its assets in a public auction. The money made from these sales will contribute to the operating budget and fund the OpenServer product line and mobile business development. A press release issued earlier says that there are several investment groups interested in a sell off, but even so, they'll still have to wait to hear what the Court says.

Part of the approach, says Jeff Hunsaker, SCO Operations president, is to "separate the legal defense of our intellectual property rights from our core product business." It doesn't seem that this would be in any way possible at this point. While there may well be investors interested in the assets the SCO Group might put up for sale, and there's the chance that at least some cash could come in, the company has fallen victim to its own history, and its own mistakes.

Investors will buy assets, and invest in companies with sound approaches, and with each appeal and reorganization plan it becomes increasingly obvious that SCO continues to have serious issues in these areas.

Back in March, Mike asked if the fat lady would ever sing for SCO. I think she most definitely has. It's now a question of when SCO will acknowledge it's heard her.

• linux
• novell
• Unix
• SCO
• intellectual property

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