10K Filing Suggests Grim Outlook for SCO 149
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.'"
R.I.P. (Score:2, Funny)
My Mutual Fund :-( (Score:4, Funny)
huh? (Score:5, Funny)
Re:R.I.P. (Score:3, Funny)
Re:Dear Slashdot: (Score:3, Funny)
In the words of that old country classic (Score:4, Funny)
Re:I think this would be appropriate... (Score:4, Funny)
*dances around before reading the summary again*
Oh, wait.. it was just the witch's bitch
Selling assets? (Score:5, Funny)
Filed their 10K? (Score:3, Funny)
Netcraft? (Score:2, Funny)
Re:Wow (Score:5, Funny)
Re:huh? (Score:5, Funny)
Apologies to Mel Brooks (Score:2, Funny)
Hackers are smiling and glad.
Linus can give his code away
SCO's sinking day by day!
Springtime for Linux and opensource
- Winter for mister McBride!
Springtime for Linux and opensource
- Coming to the end of the ride...
Re:Dear Slashdot: (Score:3, Funny)
Leave SCO alone right now! I mean it! Anyone that has a problem with them you deal with me, because them is not well right now.
Re:Finally! (Score:3, Funny)
Quoting Old Man McBride (Score:2, Funny)
Re:Ah, yes! (Score:4, Funny)
Do you mind ? We are entitled to all the gloating we can get out of this.
Re:Finally! (Score:3, Funny)