internetnews.com: BayStar Does About Face With SCO
Jun 02, 2004, 14:30 (17 Talkback[s])
(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..."
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