Saturday, September 15, 2007

SCO is ready to read Chapter 11 Now

SCO today filed for Chapter 11 bankruptcy protection, just a month after losing several key court rulings in its legal fight against Novell Inc., IBM and others over what it asserts is the company's Unix intellectual property.

In an announcement today, Lindon, Utah-based SCO said it filed a voluntary petition for reorganization, as well as for its subsidiary, SCO Operations Inc.

"The board of directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders and employees," the company said in a terse press release late today. That is what happens when one bites the hand that feeds one. Looking forward to see you vaporise after IBM case closes. If you did not know, I get all my SCO court related news from Groklaw!

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