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| reply to ISurfTooMuch
Re: On Monday... All this for nothing they will sell to highest bidder u will see. | |
| Who's gonna want them? If they buy the company, they are gonna have to assume the financial liabilities. Those liabilities include legal costs, which have to be huge. Remember: lawyers who do corporate law are not known for taking this kind of work on, pro bono.
And somewhere in those liabilities could be the bills for whatever psychosis-inducing chemicals McBride was ingesting. Who would want to pick up the bills for that?  | |
| reply to brooklynman4
said by brooklynman4:All this for nothing they will sell to highest bidder u will see. There's nothing to sell. Actually, it was suspected that SCO's suit against IBM was a ploy to get Big Blue to buy the company out and pay off McBride and his minions. However, IBM didn't blink, and rightly so. If they had, every two-bit con man in America would have claimed ownership of Unix and Linux in a bid to shake down the company. IBM needed to make an example of SCO, and, with the help of Novell, they did.
In the meantime, SCO the software company was dismantled. Sales of Unixware dried up, and many of the software engineers were laid off. After all, these people had to be paid salaries, and that money was needed to fund the lawsuits. In essence, Darl and his buddies took all the company's resources and spent them on these legal proceedings.
So, no, there isn't anything left for someone to come in and buy. The most that they could get is whatever Unixware code that SCO may legitimately own and how ever many service contracts they have with clients. No one will want any of that junk. If anything, it'll end up in the hands of SCO's creditors when the company files for bankruptcy, which I predict will happen before the end of the year, if not sooner.
What will likely happen next is a wave of shareholder retribution against the company's management. Granted, many shareholders likely bought stock on its dramatic upswing at the beginning of the lawsuits when there was, in some quarters, a fear that SCO might actually have something. Still, these folks are going to watch their stock become utterly worthless, and they're going to be out for blood--Darl's blood. So we'll get to watch as those who thought they were going to strike it rich by buying into SCO seek their pound of flesh from the man who started this fiasco. This will likely get very messy, and it should be fun as hell to watch.
And Darl, in case you happen to be reading this, I hope you have some better lawyers than you did in your recent lawsuits. You're going to need them very badly in the near future. | | |
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