Forgot your password?
typodupeerror
Caldera Software The Almighty Buck Linux

10K Filing Suggests Grim Outlook for SCO 149

Posted by Zonk
from the truly-a-stunning-development dept.
dacarr writes "SCO has filed their 10K with the SEC — and according to this, their own assessment of the company's outlook is pretty grim. As usual, PJ of Groklaw has a good synopsis of the filing highlights. In short, it boils down to one thing: unless there's a miracle, even SCO doesn't think they're going to come out of this. 'As a result of the Chapter 11 filings, realization of assets and liquidation of liabilities are subject to uncertainty. While operating as debtors-in-possession under the protection of Chapter 11 of the Bankruptcy Code, the Debtors may sell or otherwise dispose of assets and liquidate or settle liabilities for amounts other than those reflected in the consolidated financial statements, in the ordinary course of business, or, if outside the ordinary course of business, subject to Bankruptcy Court approval. In addition, under the priority scheme established by the Bankruptcy Code, unless creditors agree otherwise, post-petition liabilities and prepetition liabilities must be satisfied in full before stockholders are entitled to receive any distribution or retain any property under a plan of reorganization.'"
This discussion has been archived. No new comments can be posted.

10K Filing Suggests Grim Outlook for SCO

Comments Filter:
  • Finally! (Score:1, Informative)

    by Doug52392 (1094585) on Tuesday February 05, 2008 @09:51AM (#22305786)
    Took SCO that long to go bye bye? I can't wait until they go completely broke. SCO thought that, since they bought Unix from AT&T in the 1990s, that they should own Linux as well and sued everyone. About time they fell as a result of that! Rest in Pieces, SCO :)
  • Re:Finally! (Score:4, Informative)

    by armanox (826486) <asherewindknight@yahoo.com> on Tuesday February 05, 2008 @10:24AM (#22306102) Homepage Journal
    Actually SCO didn't buy UNIX from AT&T. Novell did. And that's the whole problem. SCO thinks they bought it from Novell, but they didn't.
  • Re:Filed their 10K? (Score:2, Informative)

    by SamuraiMike (768946) on Tuesday February 05, 2008 @10:26AM (#22306120)

    All they have left is ten thoudand bucks? Dammit Jim, I'm a nerd, not a banker!
    According to Wikipedia (http://en.wikipedia.org/wiki/Form_10-K [wikipedia.org]):

    A Form 10-K is an annual report required by the U.S. Securities and Exchange Commission (SEC), that gives a comprehensive summary of a public company's performance.
  • Re:Not this again... (Score:1, Informative)

    by Anonymous Coward on Tuesday February 05, 2008 @11:00AM (#22306546)
    Not trying to nitpick too much, but...

    10K's are annual reports, companies usually only file them once per (fiscal) year. They may file amended 10-Ks (10-K\A) more often if the information in the original 10-K was inaccurate/incomplete.

    The quarterly filings are 10-Qs, you've probably commented on the language there (or one of their many 8-Ks).
  • Re:Finally! (Score:5, Informative)

    by ronadams (987516) on Tuesday February 05, 2008 @11:01AM (#22306568) Homepage

    Holy hell, they're employees at a tech industry, not genocidal anti-Semetic soldiers for a facist dictator. Somewhere, Mike Godwin [wikipedia.org] is rolling around in his gra-- err, bed.

    And if you think a receptionist, or even many engineers, are going to have a farking clue what abhorrent decisions the board of the company was involved in, you don't understand people (especially non-nerds), big companies, or reality very well. And to suggest that former or present SCO underlings are scum whose children deserve to go hungry for the sins of their fathers, in some epic divine retribution, is hateful, callous and unthinking.

  • Re:Septic Services (Score:3, Informative)

    by rkhalloran (136467) on Tuesday February 05, 2008 @11:25AM (#22306884) Homepage
    Because (as came out last fall) SCOX didn't own the UNIX code to start with; they only inherited a resellers' agreement and royalty collection business from Santa Cruz. The copyrights (such as they are) to the legacy UNIX codebase stayed with Novell.

    THAT'S what sent the stock into the pink-sheets, and prompted them to file Ch. 11 the day before the trial in Utah to determine how much of their bank balance *should* have gone to Novell as royalties. That trial restarts in April, by which time the SCOundrels will have probably burned through as much money as possible just for spite.

    SCOX(Q) DELENDA EST!!
  • Re:huh? (Score:3, Informative)

    by eln (21727) on Tuesday February 05, 2008 @12:01PM (#22307384) Homepage
    It's a parody of a very well known (to those of us who browse at -1 anyway) troll. The profanity is absolutely critical to the joke.
  • by walterbyrd (182728) on Tuesday February 05, 2008 @12:16PM (#22307608)

    Scox was dead before the scam. If not for the scam, scox would have gone belly up three years ago. All that msft money is all that kept scox alive.

    No matter, plenty more b!tches where they came from. Now msft is using novl and acacia to continue fudding linux.

If a 6600 used paper tape instead of core memory, it would use up tape at about 30 miles/second. -- Grishman, Assembly Language Programming

Working...