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CNN/Money: Of Worms and Penguins

Feb 02, 2004, 20:00 (11 Talkback[s])
(Other stories by Paul R. La Monica)

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[ 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..."

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