SCO Group sent Delisting Notice by NASDAQ

[richlevy]

NASDAQ has sent the SCO Group a delisting notice

For the uninitiated, SCO Group was a Linux distributor that bought rights to UNIX and DR-DOS on the cheap. They then claimed Linux contained elements of UNIX and began sending letters to large companies running Linux demanding payment of licensing fees. It should be understood that SCO took the name of the software and did not actually create SCO UNIX.

Most of the software SCO sells was originally written by someone else - AT&T, Novell etc. If you include the Linux community that SCO was originally partnered with, they are pretty much suing everyone who ever had a business relationship with, and their customers.

Their stock back around 2000 was selling for over $80 a share and is now selling for about 80 cents. When they started suing everyone in sight their stock bumped up to about $20 a share. A cynical person could say this whole lawsuit business was a giant 'pump and dump' scam, with insiders selling out while the stock was run up by the lawsuits.

Now they're in danger of being delisted. Unfortunately, the **&*rs behind this whole mess probably cashed out long ago.

Still, it looks like their vultures have come home to roost. UT has not put up a 'tap dancing on their grave' smiley, so this will have to do.

Timeline of SCO-Linux dispute