Thursday, December 27, 2007

SCO Delisted From Nasdaq!

Ha Ha Ha! Ho Ho HO!
The SCO Group, Inc. ("SCO") , a leading provider of UNIX(R) software technology and mobile services, today announced that it received a Nasdaq Staff Determination letter on December 21, 2007 indicating that as a result of having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Nasdaq Listing Qualifications Panel has determined to delist the company's securities from the Nasdaq Stock Market and will suspend trading of the securities effective at the open of business on Thursday, December 27, 2007.
But there is more to this. I hope they finish those court cases before going under completely. PJ at Groklaw posted a really grim picture of SCO financials! You can also Read more of this story at Slashdot.
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