SCO Zombie McBride's New Plan For World Litigation 193
eldavojohn writes "Years after you thought it was all over, Groklaw is reporting that Darl McBride (ex-CEO of SCO) has formed a new company that is buying SCO's mobile business for peanuts — but he's also going to get 'certain Intellectual Property' with the deal. You may recall that McBride was the brains behind the Linux lawsuits that SCO launched and it appears he may be orchestrating an exit route where he escapes with some IP intact, in order to wreak havoc once again. Hopefully this is the part at the end of the movie where the zombie comes back to life one last time only to have the hero deliver the final final blow. When this news broke upon the investment world, SCO's stock skyrocketed a blistering 11%, bringing it up seven cents to a full seventy cents — a level which it has not achieved since 2007."
Sigh... (Score:5, Insightful)
Which is why the SEC should have gone after McBride and SCO. That this guy, after basically bilking investors (not that some of those investors didn't deserve it) in an obvious pump-and-dump isn't spending time in a Federal prison, but instead is free to start a new company that actually buys up some of SCO's alleged IP to start another round of "litigation as a business model" pump and dumps is beyond me.
Re:Math? (Score:1, Insightful)
Re:Comparing that to a Zombie flick... (Score:5, Insightful)
If brains are equated to IP, then the comparison is apt. Zombies eat the brains of the living, to the detriment of the living, just to prolong the zombies' pathetic existence. McBride wants to harvest the IP of others, to the detriment of the originators of said IP, only to prolong his pathetic existence.
Re:Unfortunately McBride isn't a Zombie (Score:1, Insightful)
On the flip side it is only illegal if you get caught.
If the business model works.... (Score:5, Insightful)
No, not the SCO business model. I mean the Darl McBride business model, which is to swindle investors into believing that he can accomplish something in the long run, pocketing as much money as he can, and moving on to the next busload of Wall Street suckers. As long as it keeps incrementing the value in his bank account fast enough, he'll keep doing it. Short of marooning him on a desert planet somewhere -- which entails its own risks [wikipedia.org] -- there's not a lot anyone can do to keep him from grabbing the occasional headline with his latest antics.
Just be thankful that he isn't working that business model at the same scale as AIG, Bank of America, or Citibank.
Re:If the business model works.... (Score:2, Insightful)
I think you just described the business model for the entire American economy.
There ought to be a law (Score:5, Insightful)
Really it should be illegal for principals in a bankrupt company to purchase any of that companies assets. In this case he is profiting from running the company into the ground by purchasing assets at cut rate prices with the money he syphoned off from the company.
Re:Choke! (Score:4, Insightful)
Bwahahahahahaha!!!!!
That's what he did all the way to the bank, yes. You're assuming he bought into what he was saying, while I suspect that he and his lawyer brother riled each other up trying to find the most absurd but plausible-sounding legal fillings and PR statements to inflate the stock price over killing a bottle of scotch and released everything they managed to say with a straight face. No player ever announces himself as such, the whole "poor victimized CEO that's been screwed over by IBM and had his precious IP stolen" is playing the act. His apparent ignorance that the whole lawsuit was basically a sham based on IP rights they didn't own is more of the same. He misled people, got lots of money and got away with it. In my book that's a very successful and intelligent con man, despite the faulty moral compass. I suspect if he read your post he'd go "lok, I got you soooooooo fooled".
Re:Math? (Score:1, Insightful)
Having read Slashdot since its first year, I'm pretty sure it's mostly (c) and (d).
Re:Math? (Score:4, Insightful)
You know, it's morning here as I read this, and nothing makes me giggle more than a post by someone who misread the article, followed by ten or more posts showing the incorrect math used, examples and why the post is mislead.
I haven't worked out whether it's
a) Altruism - No my friend, you got this wrong, here is how you were meant to interpret the article.
b) Pack mentality - No brother, you need to read it correctly, if we all read it correctly, our slashpack will become the most powerful pack on earth and we will enjoy the good life.
(It starts going downhill from here)
c) Nitpicking - You silly slashdotter, you read it wrong, naaarrny naarny nar nar!
d) Douchebaggery - Check it out, I am so much smarter than you, I am like a million times smarter than you, I read it correctly! Here is how it's meant to be read. Now bask in my glory!
But whatever the case, it's amusing, and I don't think there are many other sites that give me both nerd news and giggles.
This really should be in the Slashdot FAQ.
Re:Sigh... (Score:4, Insightful)
Re:If the business model works.... (Score:5, Insightful)
Darl McBride (Score:0, Insightful)
Why won't this cunt die?