[clug] SCO is bankrupt

[Anthony David]

On Mon, Sep 17, 2007 at 05:41:32PM +1000, Michael James wrote:
> >From today's TheRegister:
>
> SCO Group today filed for bankruptcy protection.
> With less than $10m cash left to call on,
>  SCO said that Chapter 11 protection and reorganization
>  would protect assets as it addresses, ahem,
>  "potential financial and legal challenges".

Chapter 11 isn't the end-of-the-line for a US company, just ask StorageTek,
SGI and most of the US Airlines. They all traded their way out.

On the other hand, the above companies had products that people still
wanted. A company still needs cash flow to live on.

--
Anthony David

Gambling(n): A discretionary tax on those asleep during high school maths
http://adavid.com.au/






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-- 
Anthony David

Gambling(n): A discretionary tax on those asleep during high school maths
http://adavid.com.au/