Feeds

Bigmouth McBride turned us off SCO, says investor

BayStar boss speaks

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

The CEO of Marin County investment firm BayStar Capital has given the first public reasons for wanting to withdraw his investment from The SCO Group.

"The public statements from Darl McBride, SCO's chief executive, were too frequent and too grand for BayStar's liking," we learn indirectly from the New York Times. BayStar invested $20m in The SCO Group, which is suing IBM and Novell and two major corporate Linux customers.

McBride has framed the headline-grabbing terms, stating that capitalism itself is under threat from the GPL. BayStar would have preferred SCO executives to take a lower profile, and concentrate on winning the case. It certainly doesn't imply that BayStar thinks SCO is a lost cause. An equally valuable quote from a BayStar spokesperson to CNET confirms that BayStar thinks that SCO's IP is its strongest card.

"We believe it is diverting resources from going where they would have the most value - the intellectual property process," says Baystar's Bob McGrath.

But the markets don't seem to agree. SCO shares have lost almost a third of their value since the news emerged last week. This is the first time in its six-year history that BayStar has ever asked for its money back. ®

Related stories

Investor dumps SCO
SCO case doesn't slow Linux take-up
Judge stays Red Hat vs SCO
SCO vs. IBM vs. SCO: Is the end in sight?
Microsoft encouraged anti-Linux investment shock!
BOFH: Protecting our backs from litigious attack

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.