CNN/Money: Of Worms and Penguins | Linux Today

CNN/Money: Of Worms and Penguins

Written By
Web Webster
Web Webster
Feb 2, 2004

[ Thanks to Mike for this
link. ]

“This could be a big deal for SCO investors. Speculators have
bid up shares of SCO since it filed its first lawsuit against IBM
last March, on the hopes that it could wind up entitled to a
lucrative stream of royalties from Linux users.

“At the time, shares were trading at just $2.21. Since then,
they’ve climbed as high as $22.29 and are now trading at about
$15.75. But this meteoric rise has also attracted a fair amount of
short sellers, which as of mid-December, controlled more than a
quarter of SCO’s available shares outstanding…”


Complete Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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