IT Manager's Journal: An Update on SCOX Trading Activity and BayStar Liquidations
Dec 16, 2004, 19:30 (1 Talkback[s])
(Other stories by Melanie Hollands)
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"Shares of SCO Group had rallied 66 percent since Nov. 2, from a
17-month closing low of $2.85 to close Dec. 3 at $4.74, although
it's since pulled back some. During the first week of November,
SCOX rallied over 25 percent; then, after leveling off for two
weeks, rallied 11 percent and 18.5 percent during the weeks ending
Nov. 26 and Dec. 3, respectively.
"The run-up was driven by recent Microsoft rhetoric about Linux,
information made public about a case similar to SCO's case against
IBM, and increased speculative activity..."