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:internetnews.com: BayStar Does About Face With SCO
internetnews.com: BayStar Does About Face With SCO
Jun 2, 2004, 14 :30 UTC (17 Talkback[s]) (8946 reads)

(Other stories by Jim Wagner)

"Only a month ago BayStar Capital appeared to be on the verge of forcing widespread operational and management changes at the SCO Group. In an interview with the New York Times recently, Larry Goldfarb, BayStar's managing general partner, expressed concern over SCO CEO Darl McBride's comments in the media. Goldfarb's remarks prompted media speculation that BayStar might demand SCO shed of all its operations excepting those dealing with its licensing of Unix System V code and getting rid of all the senior management at SCO.

"That was then. This is now: 'After productive and substantial discussions with SCO's management team, board of directors and legal team, BayStar is extremely satisfied with SCO's current operating and cash management plans, new initiatives, management of the litigation, and plans for improving its business going forward,' Goldfarb said in a statement..."

Complete Story

Related Stories:
PR: SCO Retires A-1 Convertible Preferred Stock, Delays 2Q Earnings Report(Jun 01, 2004)
ZDNet UK: BayStar Buys More of SCO(May 10, 2004)
Editor's Note: Is BayStar SCO's Bully or Savior?(May 07, 2004)
Update: PR/NewsForge: Royal Bank of Canada Requests Conversion of Stock(May 07, 2004)


Index Mode   |   Flat Mode   |   Thread Mode   |   Thread Flat  
  Talkback(s) Name  and Date
...this whole thing was just a sham from ...   So in other words...   
g@
Jun 2, 2004, 15:11:56
 
Baystar is just saying whatever it has t ...   Actually...   
Scott Marlowe
Jun 2, 2004, 15:46:47
 
If their sole business is to damage othe ...   Time for a RICO filing   
David D. Huff Jr.
Jun 2, 2004, 15:52:45
 
"BayStar is extremely satisfied with SCO ...   Behind the scenes   
iwish
Jun 2, 2004, 16:02:25
 
"We're perfectly happy p*ssing away  ...   In other words   
Tony OBryan
Jun 2, 2004, 16:17:02
 
And here some people were thinking that  ...   Gee, what a surprise   
Philip Stephens
Jun 2, 2004, 16:18:57
 
If SCO should win its case, it could the ...   What freaking rock is this alleged jounalist under   
Eric Laffoonf
Jun 2, 2004, 16:57:29
 
> Baystar is just saying whatever it has ...   Re: Actually...   
SM
Jun 2, 2004, 17:02:28
 
This old trick with a new twist. BayStar ...   Stock-pump & Dump   
GH
Jun 2, 2004, 17:04:05
 
You've got to hand it to Darl and Co ...   Should I be happy or sad?   
-bertox
Jun 2, 2004, 17:29:34
 
Investing to keep a litigious company af ...   its like a commercial   
tc
Jun 2, 2004, 17:53:52
 
Back in November, BayStar and the RBC cl ...   BayStar breaks even, at least   
-bertox
Jun 2, 2004, 18:11:17
 
that the concrete result of this transac ...   Please note   
Bill
Jun 2, 2004, 18:14:26
 
Now it's time for Didio to come out  ...   now it is time....   
kenk
Jun 2, 2004, 19:00:01
 
> it needs to be investigated by DOJ, SE ...   Re: Re: Actually...   
R.L.
Jun 2, 2004, 19:09:11
 
You are absolutly correct.  This is just ...   Re: What freaking rock is this alleged jounalist u   
raidient
Jun 3, 2004, 08:16:49
 
> I want to see BayStar cut off SCO' ...   Re: Should I be happy or sad?   
Tony OBryan
Jun 3, 2004, 13:22:37
 
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