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Much Ado about SCO

Feb 19, 2008, 21:15 (1 Talkback[s])
(Other stories by Jim Zemlin)

"Much has already been made of a recent investment proposal filed by private equity firm Stephen Norris Capital Partners with the court overseeing the dwindling assets of the now bankrupt SCO Group. The story possesses all the ingredients of a sensational story: a high profile court case, an unnamed Middle Eastern investor, and a headline-grabbing $100 million dollar numbers.

"Let me cut to the chase: this story is likely to be far less sinister than it seems. This is a proposal for an investment that still needs to be cleared by the bankruptcy court and found to be in the best interests of all of the interests before the court--creditors (including parties to litigation), equity holders, and others. SCO's management can no longer accept such proposals on it's own..."

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