Feeds

SCO keeps dying, and dying, and dying

This time it might be for good, though

Remote control for virtualized desktops

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Nexus 7 fandroids tell of salty taste after sucking on Google's Lollipop
Web giant looking into why version 5.0 of Android is crippling older slabs
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
SLURP! Flick your TONGUE around our LOLLIPOP – Google
Android 5 is coming – IF you're lucky enough to have the right gadget
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
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.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.