The Register® — Biting the hand that feeds IT

SCO shares collapse under weight of ruling

$1.20 to go

Free whitepaper – PowerEdge M610 technical guidebook

SCO Group shares went south in a hurry during Friday's trading, as investors reacted to the company's legal misfortunes.

SCOX dropped 40 per cent to $1.20 per share, at the time of this report. That's well off a 52-week high of $5.23 and light-years away from the more than $20 per share price SCO enjoyed a couple years back. The share price collapse follows a judge's decision to uphold an earlier ruling that nixed 187 of SCO's 294 claims against IBM.

Those of you with a pulse know that SCO has been battling IBM over intellectual property issues tied to the Unix and Linux operating systems. When SCO first announced its lawsuit, investors rushed to back the small software maker, hoping they would be rewarded by a massive pay out when SCO defeated Big Blue. Over the past couple of years, however, SCO's share price has plummeted with judges throwing out many of the company's complaints and chastising SCO for failing to show evidence that IBM infringed its IP.

Groklaw has done a nice job of addressing the latest ruling against SCO. ®

Hitachi IT Operations Analyzer: 30-day free trial.

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes