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More on LinuxToday SCO Gets Lift in Form of 'Buy' Rating

Oct 15, 2003, 15:51 (50 Talkback[s])
(Other stories by Clint Boulton)

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"It isn't often that court happenings weigh heavily enough to influence a company's stock, but that's exactly what could happen to SCO Group, an investment firm said Wednesday. Despite all of the negative attention it has received from the brouhaha it touched off by laying a claim to Linux copyrights, the SCO Group was praised by investment firm Deutsche Bank with a 'buy' rating and projected stock price of $45.

"The investment bank issued the price target--more than an 180 percent upside potential from the Tuesday level of nearly $16--on the Lindon, Utah-based company who earlier this year filed suit against IBM, charging that it has unlawfully employed Unix code into Linux. SCO also claimed IBM did not hold to its Unix license with the Linux group. IBM countersued SCO and since then a rash of legal fireworks have littered the open-source realm.

"The news sent SCO's stock into the stratosphere on Wednesday..."

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