Feeds

SCO trading suspended in US

But what of the sale to UnXis?

Remote control for virtualized desktops

The US Securities and Exchange Commission has temporarily halted trading in SCO shares.

The software company, which filed for bankruptcy in September 2007, has been hampered by legal costs and falling sales, after a US judge ruled that Novell, not SCO, was the owner of the Unix and UnixWare copyrights.

SCO was further crippled by the ruling that demanded the outfit paid royalties to Novell for Unix licences that it had sold to Sun Microsystems and Microsoft.

In September 2010, a US bankruptcy court approved SCO's request to sell off its software business.

"It seems not filing anything for a couple of years gets the SEC's attention eventually, even if nothing else does," noted Groklaw, who pointed out the halted shares trading status of SCO yesterday.

"So a temporary suspension. Meanwhile, one presumes the sale of substantially all of SCO's assets to UnXis has happened. The judge on March 7 gave Novell 14 days to appeal, if they chose to, and they chose not to," reads the blog post.

In February, SCO said it had selected UnXis Group to buy its software product business. ®

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?