SCO's failing case against IBM

CNET ^ | March 9, 2004, 4:00 AM PT | Bruce Perens

[Ernest_at_the_Beach]

fyi

[CatoRenasci]

Time to short SCO.

[Robert_Paulson2]

thanks for posting this

[green iguana]

"all the while, SCO has watched its stock soar from 50 cents to over $20"

And now, back down to $9.50 and soon to $0.00 as litigation expenses bury Caldera. Any wonder why the short interest in this stock is approaching 30% of the float?

[philetus]

Can this be true? Can Bush 2000 defend SCO from this?

Stay tuned for the next boring chapter.

[RightWingConspirator]

The SCO people have to be Democrats. Only Democrats would do anything this cheesy.

[Salo]

No - he's being nice for a week. :-)

Can Bush 2000 defend SCO from this?

[WL-law]

I've said repeatedly on the SCO threads that the ATT newsletter SINKS the claims of SCO. Those public statements by ATT (although published AFTER the licensing contracts were executed) were offered by ATT for its licensees to rely upon.

SCO as successor in interest to ATT's rights can only have the rights that ATT had, and can never have MORE rights.

SCO si therefore bound by ATT's clarification, under the legal doctrine of "equitable estoppel".

[etcetera]

What kind of dummies would push SCO stock up to $20?

[Salgak]

The same idiots who fell for the vast majority of dot-com stocks. . .

Bottom line: if a company cannot produce its' BASIC PRODUCT profitably, it is NOT a company to invest in. . .

[Ernest_at_the_Beach]

What the heck is the stock symbol for SCO?

And what exchange is it traded on?

[general_re]

SCOX on NASDAQ.

[Ernest_at_the_Beach]

Thanks!

On the way down!

[Salo]

The other kicker to this is that Novell says they still own the rights to Unix, and that SCO was only a licensee themselves (IANAL, so my terminology may be wrong).

[D-fendr]

I'd be very careful trading, this stock is not held or traded in a way the average Joe should play with.

[CatoRenasci]

Oh, I agree. Shorts like this are for professionals. The old "don't try this at home" disclaimer applies.

[Ernest_at_the_Beach]

I just want to watch it!

[Nick Danger]

And now, back down to $9.50...

I think that their lawsuit against DaimlerChrysler was the beginning of the end of them. Until they filed that one, most of the financial types didn't really know what to make of all this.

THE SCO pitch was that they would make billions suing IBM, and billions more suing end users of linux. The IBM thing very quickly turned into "a riddle wrapped in a mystery inside an enigma," with charges and countercharges and nothing really happening... except more and more delay.

But no matter, SCO would start suing end users Real Soon Now. Then the money would start to flow in, and everybody would see that SCO was on its way to Billions And Billions.

They've been promising that for months. They set a deadline in October, and then they didn't do anything. They set another deadline in February, and didn't sue anybody then either. "Pay no attention to that man behind the curtain, there will soon be Billions. Real Soon Now." How many times could they ride that horse? It was becoming a joke.

Now imagine that you're one of those "financial types" who still doesn't really know what to think of this. You hear the "linux crunchies" screaming that the whole thing is a scam, and you see big-shot analysts like Cohen hyping the stock on TV. Deutsche Bank targets it at $45 a share.

Now comes Earnings Day, and... eeeuuww, they lost 16 cents a share last quarter. Ah, but finally! On the very day the earnings announcement came out, SCO sued DaimlerChrysler! Here comes the Billions!

On Monday you get a call from a buddy. "You seen that DaimlerChrysler suit? Nyaa, you don't need to be a lawyer. It's just a couple pages, and it's really simple. They sued Chrysler for not filing a form on time."

What? What about linux? I thought they were gonna start suing people about linux.

"So did everybody. In fact that's what the paper said it was about. But it's not. It's SCO suing one of their own customers... for not filing a form on time."

The is the big "End User Lawsuit" we've been waiting months for? The one they finally announce on the day that they post rotten earnings?

"These guys are crooks, Manny. That announcement was a crock. They tried to make everybody think that the Billions are now going to start rolling in. But it's a frigging PR stunt... they sued somebody for failing to fill in a form... just to have a lawsuit to announce. And they did it the day they needed a cover story for the bad news on the income statement."

You might fool Wall Street with lawsuits about linux and derivative works and GPLs, but once they catch you blowing smoke in their face, it's over.

[Golden Eagle]

Actually Linux is heavily endorsed by the Democrats, and used to run the websites of their leaders like Kerry.

http://www.freerepublic.com/focus/f-news/1016247/posts

And not just in the US, but worldwide. Linux is pushed on us from the Labor Party in UK and AU, and the UN, etc. Check out some of these articles for proof:

http://search.yahoo.com/search?p=linux+democrats&ei=UTF-8&fr=fp-tab-web-t&n=20&fl=0&x=wrt