Reuters: SCO Shares Slump After IBM Lawsuit Deadline Passes
Jun 16, 2003, 18:42 (8 Talkback[s])
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"Shares in SCO Group Inc. fell as much as 10 percent on Monday
after International Business Machines Corp. did not respond to
SCO's claims that the world's largest computer company illegally
used parts of its Unix software.
"IBM's lack of response was seen as a sign that SCO would [have]
difficulty extracting a settlement. Investors had bid up SCO's
shares in the hope that a financial settlement with IBM would help
boost SCO's bottom line, which had been in the red before it
started an initiative to boost licensing fees from its Unix
"SCO had said last week that it was prepared to expand the scope
of its lawsuit against IBM..."