Groklaw: Visions of Ka-ching Dance in Their Heads
Sep 25, 2003, 17:30 (8 Talkback[s])
(Other stories by Pamela Jones)
[ Thanks to codez for
this link. ]
"When SCO CEO Darl McBride wrote his open letter last week, he
seemed to indicate a hope there could be a viable future
partnership between his company and Linux. There is more than a
hint as to what that partnership might be like in two research
papers prepared back in March and April by Renaissance Ventures, a
VC firm that invested in SCO.
"The first document is an explanation of Renaissance's reasons
for thinking SCO was a good investment. I know you've been
wondering what in the world those folks in the stock market have
been thinking. The second is an analysis of the SCO v. IBM lawsuit.
They are both so blazingly wrong in both facts and conclusions that
I fully grasp for the first time how some people may have invested
in SCO, based on such misinformation.
"First, the investment document. It is based on SCO's telephone
conference call in February of 2003. You can listen to it yourself
on mp3 here. Renaissance thought it sounded like SCO's bottom line
was about to get 'prettier' because they believed what SCO
reportedly told them in that phone call, namely that most companies
were reacting to the new SCOsource licensing program in a positive