Feeds

SCO shares collapse under weight of ruling

$1.20 to go

Boost IT visibility and business value

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. ®

Build a business case: developing custom apps

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.