More woe for SCO as Nasdaq says 'go'
PrintPatent lawyers' benevolent fund 86'd in ticker bicker
Posted in Operating Systems, 31st December 2007 15:28 GMT
Battered unix patent warrior SCO has been booted from the Nasdaq after it lost an appeal against delisiting by the New York technology market.
SCO told the SEC on Thursday about its latest defeat in regulatory filing.
Nasdaq first showed SCO the door when it filed for Chapter 11 bankruptcy protection in September. The firm told market regulators "there is substantial doubt about the company's ability to continue as a going concern".
SCO had hoped to find a private buyer to rescue it from the precipice, but shockingly, to date nobody has so far stepped up to continue the sissyphean campaign against IBM and others.
And in the meantime, a Delaware court has ruled that an ongoing case with Novell should continue, despite the Chapter 11 protection. Oo-er. ®
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