John Paczkowski

Recent Posts by John Paczkowski

Chapter 11, in Which SCO Finally Gets What It Deserves

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When a company begins characterizing its assets as merely “those remaining,” as the SCO Group did earlier this year, bankruptcy is an inevitability. So it comes as little surprise to learn that the company’s hard-fought, but ultimately ludicrous, four-year legal campaign against Linux has ended in a Chapter 11 filing. Seems using litigation as a profit center to compensate for market losses isn’t such a grand idea after all.

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“The Board of Directors of the SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders and employees,” the company said in a statement, adding that it has filed a petition for reorganization in addition to the Chapter 11 filing. SCO 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.

The reorganization, it claims, “ensures business as usual.”

It’s worth noting, however, that the preceding is a “forward-looking statement.” And as we all know, those often involve risks and uncertainties that could cause actual results to differ materially from those anticipated …

(Darl McBride image courtesy Bill Stearns)


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December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik