Bonum Certa Men Certa

SCO is Not Rescued Yet, But Group with Microsoft Connections Waves Money

Sad boy with the coins
Sneaky gits



Summary: The SCO saga is not over yet, as further delays are caused by mysterious funding

A few days ago we warned that groups with connections to Microsoft were getting close to SCO just before liquidation seemed unstoppable and imminent. Some time yesterday we began finding articles which confirm not a transaction being made but a deal being signed in the 90th minute. SJVN writes:



We don't know who's behind this latest SCO buyout craziness, but it seems a safe bet that at the bottom of it all we'll find friends of Microsoft. There's simply no sane business reason to keep SCO's anti-Linux litigation in play except to spread a little anti-Linux FUD, and Microsoft is the only company that has any real interest in seeing that happen.


Watch again who is involved:

Immediately before the crucial liquidation hearing in the bankruptcy court, SCO CEO Darl McBride signed an agreement with a company by the name of Gulf Capital Partners, backed by well-known investor Stephen Norris. Caught out by the surprise development, all parties have agreed to postpone the liquidation hearing until the 16th or the 27th of July.


We wrote about these investors in:



Doesn't this sound a little dodgy?

"We signed that deal just minutes before the court hearing, and walked in and handed it to them, " said Darl McBride, CEO of Lindon-based SCO.


Earlier on, Groklaw opined that SCO was just using delaying tactics, but later coverage cannot confirm this.

So, the bottom line of the day is that the proposed sale to Gulf-Cap-whatever-their-name-really-turns-out-to-be (see previous article) will have a hearing on July 16, as Webster earlier reported. So we will no doubt get to see the proposed agreement filed, and then objections, the usual song and dance. So, bottom line? Delay, delay, delay. It's too bad SCO can't package it up and sell delay. They'd make a fortune. It is what they are best at, I'd say.


Linux Journal has a very extensive summary, which concludes with:

As it stands, everything remains up in the air — the proposed sale is by no means final, and if it is like any of the others, is likely nothing more than a delaying tactic. If the judge has any sense about him, when and if this deal falls through like all the rest, he'll wake up and finally start sanctioning SCO for treating the Bankruptcy Code like kindling. If it falls through by next month's hearing, SCO will need a miracle even Satan couldn't help them get to avoid conversion into a Chapter 7 — once the Chapter 7 trustee gets his hands on them, they'll find themselves sold off faster than $5 Ferraris. By the time it finally happens, that champagne we all put away in 2002 will be just about right.


According to this, SCO is not guaranteed an extended lifetime. Better answers will have arrived by the end of this month however.

"[Microsoft's] Mr. Emerson and I discussed a variety of investment structures wherein Microsoft would 'backstop,' or guarantee in some way, BayStar's investment.... Microsoft assured me that it would in some way guarantee BayStar's investment in SCO."

--Larry Goldfarb, Baystar, key investor in SCO

Comments

Recent Techrights' Posts

OpenBSD Says That Even on Linux, Wayland Still Has a Number of Rough Edges (But IBM Wants to Make X Extinct)
IBM tries to impose unready software on users
Professor Eben Moglen on How Social Control Media Metabolises Humans and Constraints Freedom of Thought
Nothing of value would be lost if all these data-harvesting giants (profiling people) vanished overnight
 
Justice is Still the Main Goal
The skulduggery seems to implicate not only Microsoft
[Teaser] Next Week's Part in the Series About Anti-Free Software Militants
an effort to 'cancel' us and spy on us
Over at Tux Machines...
GNU/Linux news
Permacomputing
This work is licensed under a Creative Commons Attribution 4.0 International License
IRC Proceedings: Monday, November 27, 2023
IRC logs for Monday, November 27, 2023
When Microsoft Blocks Your Access to Free Software
"Linux is a cancer that attaches itself in an intellectual property sense to everything it touches." [Chicago Sun-Times]
Techrights Statement on 'Cancel Culture' Going Out of Control
relates to a discussion we had in IRC last night
Stuff People Write About Linux
revisionist pieces
Links 28/11/2023: Rosy Crow 1.4.3 and Google Drive Data Loss
Links for the day
Links 27/11/2023: Australian Wants Tech Companies Under Grip
Links for the day
Over at Tux Machines...
GNU/Linux news
Links 27/11/2023: Underwater Data Centres and Gemini, BSD Style!
Links for the day
[Meme] Leaning Towards the Big Corporate CoC
Or leaning to "the green" (money)
Software Freedom Conservancy Inc in 2022: Almost Half a Million Bucks for Three People Who Attack Richard Stallman and Defame Linus Torvalds
Follow the money
[Meme] Identity Theft and Forgery
Coming soon...
Microsoft Has Less Than 1,000 Mail (MX) Servers Left, It's Virtually Dead in That Area (0.19% of the Market)
Exim at 254,000 servers, Postfix at 150,774, Microsoft down to 824
The Web is Dying, Sites Must Evolve or Die Too
Nowadays when things become "Web-based" it sometimes means more hostile and less open than before
Still Growing, Still Getting Faster
Articles got considerably longer too (on average)
In India, the One Percent is Microsoft and Mozilla
India is where a lot of software innovations and development happen, so this kind of matters a lot
Feeding False Information Using Sockpuppet Accounts and Imposters
online militants try every trick in the book, even illegal stuff
What News Industry???
Marketing, spam, and chatbots
IRC Proceedings: Sunday, November 26, 2023
IRC logs for Sunday, November 26, 2023
The Software Freedom Law Center's Eben Moglen Explains That We Already Had Free Software Almost Everywhere Before (Half a Century Ago)
how code was shared in the 1970s and 80s
When the So-called 'Cancel Culture' Sees Everything in Free Software Through the Scopes of 'Sex' (Because It Cannot Argue on Technical or Legal Grounds)
Losing the plot
Links 26/11/2023: Debunking So-called G.A.I. and Sierra Leone's National Curfew
Links for the day
In the 'Phoronix Universe', Single Job Openings at AMD Are News, But Not ~400 Layoffs
like a classifieds section
Over at Tux Machines...
GNU/Linux news
Microsoft Shamelessly Attacks Both Git and Projects in GitHub, Using Plagiarism in "AI" Clothing (Exit GitHub Now!)
A mountain of plagiarism
Microsoft Loses Market Share, Market Price of Windows Plunges to Almost Nothing (28 Dollars for Vista 10)
GNU/Linux has grown so potent that Microsoft now charges only dozens of bucks for Vista 10
Professor Eben Moglen Stands with Snowden While Moglen's 'Critics' (Microsofters) Keep Defaming Prominent Whistleblowers
Don't listen to Microsoft liars and weasels, who merely try to "replace" Moglen and override his message
"Check Point" + Microsoft Partnerships Extend to Anti-GNU/Linux FUD
a close partner/pusher of Microsoft tries to alter the narrative (change reality itself)
IRC Proceedings: Saturday, November 25, 2023
IRC logs for Saturday, November 25, 2023
Links 26/11/2023: Fresh Concerns Over North Korea Satellite Ambitions and South China Sea Patrols
Links for the day
Eben Moglen Explains the Connection Between FSF and SFLC (Both of Which Under Attack by Microsofters)
Old clip