The ever loved company that's trying to sue anyone running Linux has had another blow delivered after a judge threw out more than 60% of their case. Their stock have tanked and just today fell below one dollar per share. What color is your parachute Mr McBride?
SCO Group shares plummeted by nearly 40 per cent to $1.20 on Friday after a judge upheld an earlier ruling throwing out most of the company's legal case against IBM.
SCO claims to own key elements of the intellectual property used in the Unix operating system, and alleges that its code has ended up illegally in Linux distributions.
Would you like to hear the rest of the BayStar story? Then pull up a chair, my friends.
On page 21 in IBM's Amended Redacted Memorandum in Support of its Motion for Summary Judgment on SCO's Interference Claims (SCO's Seventh, Eighth and Ninth Causes of Action [PDF], IBM reveals that SCO alleged that it was IBM that got BayStar to threaten litigation against SCO and to terminate its business relationship. BayStar denies it, as does IBM. If you noticed a Declaration by Larry Goldfarb on the list of exhibits [PDF], this is what it's about. He provided a declaration for IBM stating that SCO's allegations aren't true. A lot of folks have done so too, and so IBM is now asking the court to toss out these three SCO claims.
Server software maker and mobile application development tool wannabe SCO Group Inc yesterday reported its financial results for its fiscal third quarter ended July 31, and once again the company's sales were in decline due to competitive pressures. And once again, the company's top brass singled out Linux as the main culprit that is putting a damper on its revenues.