SCO Declares Bankruptcy
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Advanced IP Carrier
Answering Service
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Cloud Computing
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted Exchange
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IP Transit
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[September 17, 2007]

SCO Declares Bankruptcy

(Information Week Via Thomson Dialog NewsEdge) Unix distributor SCO Group filed for Chapter 11 bankruptcy protection on Friday, days before the scheduled start of a trial where the company faces legal penalties that could exceed its assets.

SCO also filed a petition for reorganization. The company said the filings will help ensure that it "will not have any interruption in maintaining and honoring all of its commitments to its customers" and will allow it to pay its vendors. A U.S. District Court judge recently ruled against SCO in its long-running lawsuit against Novell, deciding that Novell-and not SCO- owns the copyrights to the Unix operating system.



As a result, the judge ruled, SCO must remit to Novell a portion of the fees it has collected from selling Unix licenses, mostly to Sun Microsystems and Microsoft. That could amount to as much as $25 million. SCO's most recent Securities and Exchange Commission filings show that, as of April 2007, the company had $7.8 million in cash or equivalents, and total assets of $20 million.

http://informationweek.com/



Copyright 2007 CMP Media LLC. All rights reserved.

Copyright 2007 CMP Media LLC

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Is Verizon Bringing the Droid People Seek?
SIP Trunking to Boost Unified Communications: Report
NetSuite CEO Zach Nelson, CFO Jim McGeever to Discuss Benefits …
Is Your Business Ready for IPv6? (Part 1 of 3)
Google Portable Demands, Hardware Rumors
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Brightpoint Enters into Agreement with Time Warner Cable
Rackspace Announces New Offerings to Push Apps into Cloud
HP Unified Cluster Portfolio Now Features Voltaire's Ethernet and InfiniBand Solutions
TELEHOUSE America: NYIIX Internet Peering Exchange is 'Longest Running' Public Peering Point in the New York Market
ADTRAN, Innovation Technologies Partner to Provide Advanced Voice Communications to Hospitality Sector

Subscribe FREE to all of TMC's monthly magazines. Click here now.