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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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