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CNN: SCO's Case Gets Clearer

Oct 09, 2003, 17:00 (22 Talkback[s])
(Other stories by Eric Hellweg)

[ Thanks to Lars Hansen for this link. ]

"Say what you will about the man, but Darl McBride, CEO of SCO Group, has made a lot of people happy. Specifically, he's made a lot of investors in his Lindon, Utah, software company very happy. SCO stock has been on a tear (shooting from a 52-week low of 78 cents to a recent high of $20.85), trading these days around $16.40.

"Most of the run-up can be attributed to McBride's highly controversial decision in March to sue IBM and other companies for intellectual property violations involving SCO's ownership of Unix.

"The specter of this relatively small ($215 million market cap) company wielding lawsuits in the murky area of IP has instilled confidence in investors that frequent some of the riskier sectors of Wall Street..."

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