So this is why IBM does all that nanoscale work...
...to build an appropriately tiny violin for Darl McBride's fortune.
Novell has succeeded in getting a court to lift SCO's Chapter 11 immunity from legal action, meaning the firm's IP spat can go to trial. Normally Chapter 11 means that companies cannot take legal action against you - it is designed to protect a firm from creditors while it reorganises. SCO filed for protection in September. …
Couldn't have happened to a nicer company. Now to get the SCO v. IBM stay lifted to complete the castrating of this little troll. Wouldn't be nice if, as part of the bankruptcy proceedings, SCO had to reveal who was behind their shenanigans?
I'm certainly really curious as to why a CEO, with the full support of the board of directors, was allowed to drive a company into the ground on such a tenuous proposition, and why that CEO and the board of directors were never sued by the majority shareholders for their utter failure in their fiduciary duties.
If I was a shareholder, I'd certainly be trying very very hard to strip the corporate veil to get at the assets of those truly responsible for this continuing fiasco.
There have been companies built on tenuous business plans since the beginnings of business. Imagine how stupid google would look if no one used this internet thing.
Or how smart Genuity would look if Verizon had bought them back. Or what would be left of Apple if there wasn't a market for flashy, overpriced, proprietary music players?
No risk, no reward.
SCO was left with no viable product, no market, and no plan. Look how long they've stayed in business!
I think we're all in the wrong racket here. Even Paris Hilton has made a career out of a weak plan with little substance.
-GC