[ale] It might be too late to sell your SCOX stock

[James P. Kinney III]

SCO's net worth is less than what they owe Novell for back payments of
Unix name licensing. With no product to peddle either, the Chapter 11 is
just a time delay before the liquidation.

I call dibs on McBrides desk! 

On Mon, 2007-09-17 at 13:39 -0400, Jeff Lightner wrote:
> My point wasn't that SCO isn't doing badly but rather that Chapter 11
> doesn't mean it has gone under or that it necessarily will do so.  
> 
> An example of a company that survived bankruptcy once but later went
> under on doing it a second time was Continental.   However the second
> time was more than 7 years after the first time so anyone who had
> counted it out the first time would have been premature in that
> assessment.
> 
> Personally I can't see SCO being viable even ignoring the lawsuit mainly
> because there doesn't seem to be much reason to buy a PC compatible UNIX
> variant in a world where there are so many free *nix alternatives.
> Even for commercial purposes one has RedHat and Suse Linux with broad
> 3rd party vendor (e.g. Oracle) product availability.  
> 
> 
> -----Original Message-----
> From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of
> Thompson Freeman
> Sent: Monday, September 17, 2007 12:56 PM
> To: Atlanta Linux Enthusiasts
> Subject: Re: [ale] It might be too late to sell your SCOX stock
> 
> 
> Not that it is important, but you can add US Air to that  
> list of Chapter 11 survivors. Twice I think.
> 
> On 09/17/2007 12:41:50 PM, William Fragakis wrote:
> > OTOH, if memory serves correctly, Eastern, Pan Am, TWA,
> > Braniff all
> > filed Chapter 11, too. Sometimes, Chapter 11 allows for a
> > genuine
> > restructuring. Other times, it postpones the inevitable
> > and isn't much
> > more than wishful thinking, especially when the underlying
> > business
> > model doesn't work.
> > 
> > One might be tempted to say that SCO's primary business
> > model evaporated
> > in court.
> > 
> > regards,
> > William
> > 
> > On Mon, 2007-09-17 at 10:45 -0400, Jeff Lightner wrote:
> > > Guess again - Chapter 11 is "reorganization" not
> > "liquidation" meaning
> > > SCO still expects to be around but wants protection from
> > creditors while
> > > it reorganizes.
> > >
> > > The biggest recent local example of a successful
> > emergence from Chapter
> > > 11 is Delta Airlines.
> > >
> > > -----Original Message-----
> > > From: ale-bounces at ale.org [mailto:ale-bounces at ale.org]
> > On Behalf Of
> > > James P. Kinney III
> > > Sent: Monday, September 17, 2007 10:19 AM
> > > To: Atlanta Linux Enthusiasts
> > > Subject: Re: [ale] It might be too late to sell your
> > SCOX stock
> > >
> > > ...not with a bang but a whimper... Couldn't happen to a
> > more deserving
> > > board of directors.
> > >
> > > Nice to see SGI has recovered from their $0.03/share in
> > 2006 back up to
> > > $21.
> > >
> > > At the moment, SCOX is $0.25
> > >
> > > Sounds like rushing wind from a falling body...
> > >
> > > On Mon, 2007-09-17 at 10:04 -0400, Charles Shapiro
> > wrote:
> > > > SCO filed for  Chapter 11 bankruptcy protection on
> > Friday afternoon.
> > > >
> > > > I'm so sorry to see this drama wind down to its
> > inevitable conclusion.
> > > >
> > > > SCOX:0.37
> > > >
> > > > -- CHS
> > > >
> > > >
> > > > --
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-- 
James P. Kinney III          
CEO & Director of Engineering 
Local Net Solutions,LLC        
770-493-8244                    
http://www.localnetsolutions.com

GPG ID: 829C6CA7 James P. Kinney III (M.S. Physics)
<jkinney at localnetsolutions.com>
Fingerprint = 3C9E 6366 54FC A3FE BA4D 0659 6190 ADC3 829C 6CA7
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