Three and a half years after the start of the fight for the UNIX rights SCO today announced their bankruptcy. The official press release can be found on their website and I allowed myself to reprint some parts:
The SCO Group Files Chapter 11 to Protect Assets as It Addresses Potential Financial and Legal Challenges
The SCO Group, Inc. (“SCO”) (Nasdaq: SCOX), a leading provider of UNIX(R) software technology and mobile services, today announced that it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. SCO’s subsidiary, SCO Operations, Inc., has also filed a petition for reorganization. The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders, and employees.“We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations,” said Darl McBride, President and CEO, The SCO Group. “Chapter 11 reorganization provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans.”
Well, we will see how long they can stay above the water or if any big mysterious company (MSFT?) puts some more money in SCO. But I really think (and hope) the whole story is over now. And if you take a look at the stock you see a drop of over 40% in the past few minutes. Doesn’t that look .. jus wow?
Wow!