Technology company SCO Group proposes sale of assets
Jan 12, 2009, 19:35 (4 Talkback[s])
(Other stories by Tom Harvey)
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"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
""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."