1 Results for SCO

Applied Filters

Jan-2009

Filter Results

Click a filter below to apply it to results

AUTHOR
Kristin Shoemaker (1)
SUBMITTED
TAG
intellectual property (1)
linux (1)
novell (1)
sco (1)
view more

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.