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:Insolvent SCO Scraps Its Reorganization Plan
Insolvent SCO Scraps Its Reorganization Plan
Apr 3, 2008, 14 :15 UTC (2 Talkback[s]) (5688 reads)

(Other stories by Steven Church)

"SCO Group Inc., the Utah County-based bankrupt software developer that claims to own copyrights to the Unix operating system, has scrapped a $100 million reorganization plan after its financial sponsor asked for a new deal.

"Instead of buying $5 million in new SCO stock and loaning the company $95 million, Stephen Norris & Co. Capital Partners LP is negotiating a purchase of the assets, SCO attorney Arthur Spector said at a court hearing Wednesday in Wilmington, Del..."

Complete Story

Related Stories:
SCO Backs Slowly Toward the Door(Apr 01, 2008)
SCO CEO Likely will be Forced Out of Job(Mar 04, 2008)
An Objection to SCO's Proposed Reorganization Raises Questions About SNCP(Feb 29, 2008)
Who Gave SCO that $100 Million Lifeline?(Feb 15, 2008)


Index Mode   |   Flat Mode   |   Thread Mode   |   Thread Flat  
  Talkback(s) Name  and Date
as a more viable business model ... ...   Penelope, Rupert and Tarquin to patent human sperm   
Mark
Apr 3, 2008, 14:49:05
 
OK, I'll post my stupid question now ...   Re: Penelope, Rupert and Tarquin to patent human s   
blackhole
Apr 4, 2008, 07:14:38
 
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