[pchelpers] News:SCO files Chapter 11 bankruptcy

Saturday, September 15, 2007
*GRACE LEONG* - Daily Herald   

The SCO Group Inc., just one month after being dealt a crippling blow in 
its legal offensive against IBM and advocates of the freely distributed 
Linux operating system, filed Chapter 11 bankruptcy on Friday.

The small Lindon company's bankruptcy filing came on the eve of a trial 
-- which was to have started Monday -- over the remainder of its 
controversial intellectual property lawsuit against Novell Inc. News of 
SCO's bankruptcy sent its shares skidding more than 43 percent or 28 
cents to close at 37 cents on Friday. The company had hit a five-year 
high of nearly $25 a share in 2003 shortly after it announced it sued IBM.

Friday's bankruptcy filing, which has the effect of staying all pending 
litigation including Monday's trial, came after a federal judge last 
month found Novell, and not SCO, owns the copyrights to Unix.

More here:
http://www.heraldextra.com/content/view/237594/3/

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