Feeds

Bank bails out of SCO

And then there was ... one investor

  • alert
  • submit to reddit

Top three mobile application threats

The Royal Bank of Canada, one of two major investors in The SCO Group's litigation against Linux distributors and customers, has discarded its A-1 stock in the company to the other major investor, BayStar Capital. The bank has converted a third of its Series A-1 stock into common stock, and sold the rest, 20,000 shares, to BayStar.

You'll recall that BayStar is seeking to extricate itself from a funding arrangement it made with SCO in October and that it re-negotiated in February, citing bad management by SCO. SCO respectively disagrees, and doesn't want to give BayStar the money back.

But just because BayStar isn't happy with SCO's management, doesn't mean it disapproves of the legal jihad against Linux. Quite the contrary, as the investment company thinks SCO should ditch UNIX™ altogether and focus on the IP litigation. SCO this week said that it was laying off staff in order to try and make its UNIX™ business profitable. However, in light of BayStar's investment and public statements by company officials, it's quite possible that BayStar may choose to acquire SCO's IP and pursue the cases against IBM, Novell and Linux customers by itself. That's not probable, but it's a possibility that has received scant attention so far. ®

Related stories

Bigmouth McBride turned us off SCO, says investor
SCO case doesn't slow Linux take-up
Investor dumps SCO
SCO lifts skirt but investors recoil
Microsoft encouraged anti-Linux investment shock!

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.