Feeds

SCO keeps dying, and dying, and dying

This time it might be for good, though

Internet Security Threat Report 2014

The undead entity formerly known as SCO but lately doing business as The TSG Group – if you can call bleeding away cash on legal fees a business – has filed a motion in a Delaware court to convert its Chapter 11 bankruptcy case to Chapter 7, Groklaw reports.

Under US law, Chapter 11 bankruptcy allows a company to restructure its business, in hopes that it will eventually emerge from bankruptcy protection and remain a going concern. SCO has had no such luck, having spent nearly every penny in its coffers on fruitless legal actions against Linux vendors and customers over the last decade.

By filing for Chapter 7 bankruptcy on Monday, SCO has essentially admitted that its legal gambit has failed, and that it's time to liquidate its remaining assets and shut off the lights.

Mind you, for SCO that wouldn't be saying much. It sold off what was left of its Unix software and services business to UnXis in January 2011 as part of its Chapter 11 restructuring. In its filing, SCO's bankruptcy trustee admits that without that source of income, the company has "no continuing business operations."

But hold on. There's still the little matter of SCO's ongoing lawsuits over "certain unfair competition and tortious interference claims" it has made against IBM. According to SCO's filing:

The Chapter 11 Trustee does not believe the Debtors will be able to propose or confirm a plan in these cases because the Debtors' estates are administratively insolvent and continue to incur administrative expenses. Nevertheless, the Chapter 11 Trustee believes that it is in the best interests of the Debtors' estates and its creditors to continue the prosecution of the District Court Action

In other words, SCO can't really say what might become of these court cases, and there isn't really any more money left to prosecute them, but it would like to keep them open anyway just in case, even though the rest of the company is about to be dissolved.

So it seems there may yet be the barest flutter of a heartbeat in SCO's bedraggled cadaver after all. Still, with the Chapter 7 filing, the bankruptcy court is ready to bring its hammer down on the stake. The reign of terror of the tech industry's Most Hated Company may finally have come to an end.

In a horror film, this would be the moment when they throw up a title card reading "The End" ... followed by three dots and a question mark. ®

Security for virtualized datacentres

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
Yes, Virginia, there IS a W3C HTML5 standard – as of now, that is
You asked for it! You begged for it! Then you gave up! And now it's HERE!
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
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.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.