News Comment This is a comment on news story: SCO reorganization plan includes new CEO, board It's a reply to comment: SCO has a solid customer base of industry leaders by: pinniped  Uhm ... solid customer base of the legal industry business? SCO is doing a fantastic job of servicing its lawyers; it seems to have abandoned the computer industry for the lawyer welfare industry. If their 69-page petition is worded anything like their other court documents, there will either be bankruptcy court judges who are rolling on the floor in fits of laughter or doing Steve Ballmer impressions launching chairs and other objects. This alleged takeover is a flimsy disguise - SCO is better off selling anything of value and settling its debts. The liabilities attached to SCO are too huge and even bankruptcy proceedings can't shelter future owners from a lot of the liabilities. Just think: Novell will win its court case and will become a prime creditor. ** poof ** there goes around $40M. Oh, but the courts may approve a petition for an appeal. And if granted, SCO will need another 4 years and another $30M or so. ** poof ** that's a minimum $70M gone ... SCO loses the appeal and ** poof ** even more $M gone. Invest in an ostrich farm instead - you won't lose all your money as quickly. Maybe Darl can sell to the Scientologists instead ...
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