[ncolug] Re: SCO's stock price
- From: "M. Knisely" <charon79m@xxxxxxxxx>
- To: ncolug@xxxxxxxxxxxxx
- Date: Sun, 16 Jul 2006 15:27:55 -0400
Chuck Stickelman wrote:
Do any of you folks follow the SCO v. IBM case?
Not only does it look like The SCO Group's nearing it's end, but their
stock price is at the lowest point since Spring 2003 -- when they
brought on their various lawsuits. In the past few weeks they've
dropped from the $4.50-$5.00 range to around $2.50. I'd recommend
that we all keep a close watch on their stock -- it'll be a momentous
occasion when they become penny-stock and an even more reason to
celebrate when they cease to be traded!! I'm betting they have less
than 6 weeks to live. Anyone want to start a pool?
Chuck
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Given SCO's use of FUD to drive price up, I'd say they got a few more
tricks yet. I too am very interested in seeing their demise. It is a
sad occasion though. Many of you may remember Caldera Linux. In a sick
twisted way, SCO is the Caldera company. I remember using their desktop
a long time ago and thinking, "Wow, these guys are way ahead of the
curve on the ease of use front." Their small business server line was
great too.
The issue was that the Linux company got involved with some cooperate
types that decided to make some money quick. To that end, they decided
to try to strong arm what they thought was a pushover community made up
of pacifists, the FOSS community. What they neglected to see was that
the FOSS community is much like a mother bear, she may seem nice and
fluffy until you mess wither her cub.
These cooperate types thought they could go for some deep pockets in IBM
and get some easy "don't put our name in the papers" money... or even
the "we don't want to fight so we'll just buy you for an inflated price"
money. Maybe this would have worked with a less educated deep pockets
company, but not IBM. IBM saw that they would just be the first in a
long line of these extortion lawsuits, and by there complicity they
would be setting the precedent for the future.
To their credit, IBM has remained unwavering in their defense. They
have enlisted some of the best minds of the FOSS legal community and
produced millions of pages of legal briefings and exhibits at a
tremendous cost to their company. Recently they have started to go on
the offensive, hitting SCO with several counter claims.
The front line of the FOSS/GPL vs Closed Source war in being battled out
in Utah right now. I, for one, sleep well knowing I've got the heavy
hitter IBM in my corner.
Mike K.
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