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Technology company SCO Group proposes sale of assets

Jan 12, 2009, 19:35 (4 Talkback[s])
(Other stories by Tom Harvey)

"One goal of this approach is to separate the legal defense of its intellectual property from its core product business," McBride said in a letter to customers, partners and shareholders.

"Jeff Hunsaker, president and COO of The SCO Group, said the litigation had been distracting to the company's efforts to market its products.

""We believe there's value in these assets and in order for the business to move forward it's imperative we separate it from our legal claims and we allow our products business to move forward," he said Friday.

"SCO's path to bankruptcy began in 2003 when the company sued IBM claiming it was owed hundreds of millions of dollars because the high-tech giant had used SCO's Unix server software code as the basis for an important addition to the Linux software system that allowed Linux sellers to compete for business with Unix."

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