TechNewsWorld: The Mystery of BayStar, Microsoft and SCO
Apr 28, 2004, 00:15 (17 Talkback[s])
(Other stories by Rob Enderle)
"SCO has just over US$60 million in resources to sustain it
while it fights IBM in what clearly is one of the most volatile
wars in the history of technology. What has been very interesting
is that SCO publicly has been given almost no chance of winning,
while privately the company has convinced several folks, including
me, that it has a strong chance.
"One of the most interesting investors was BayStar Capital,
which not only invested $20 million of its own money in the firm,
but also prevailed on the Royal Bank of Canada, typically a
conservative investor, to kick in another $30 million..."