Investors finally notice SCO has no case

[mdlbear]

Investors Abandon SCO - Forbes.com

Investors fled SCO Group’s stock on Friday, voting with their feet after a federal judge gutted its lawsuit against IBM.

In mid-morning trading, SCO Group (nasdaq: SCOX - news - people ) traded at $1.36, down 64 cents, or 32%.

Last month, SCO Group asked U.S. District Court Judge Dale Kimball in Salt Lake City to reinstate claims against International Business Machines. SCO Group argued that there was no evidence it had withheld information it was required to disclose.

It's taken a long time, but it seems as though even financial analysts have figured out that The SCO Group (formerly known as Caldera) never had a case to begin with.

Comments

[technoshaman.livejournal.com]

And in a fine case of the left hand not knowing what the right hand is doing, Novell has moved to be allowed to tell SCO to leave IBM the hell alone...

Probably because Novell is considering a more insidious tack, the five-year deal-with-the-devil that on the face of it has the potential to corner the Linux market for Novell and Microsoft. They need Linux alive and well so they can try to suck it dry. Meanwhile I haven't heard any SUSE chatter on the lists for weeks, and my old friend over on Mercer Island is moving to Ubuntu as fast as he can port code...

I don't know what happened inside Novell, whether the old guard staged a counterrevolution against the Ximian guys or what, but a company that seemeningly so clearly Got It a year or two ago has totally hit the rocks here...

"Curse your sudden but inevitable betrayal!"
    -- Wash, "Firefly" pilot

[mdlbear]

I really don't think Novell knew what they were getting into -- it was all done at a very high (== ignorant) level.

It's really clear what M$ paid their money for -- a promise from Novell not to use their patents to defend Linux.