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Fun with SCO

Fun with SCO

Posted May 22, 2003 19:03 UTC (Thu) by erat (guest, #21)
In reply to: Fun with SCO by dmallery
Parent article: Fun with SCO

Ray Noorda doesn't control anything with any company unless he's on the board for that company. Yes, he owns lots of stock in companies to which Canopy has offered funding. No, he does not have the power to override the decisions of the board for these companies no matter how many shares he owns.

Canopy does not control Troll Tech (I think someone figured out that Canopy has a <10% stake in TT), nor does Ray control Novell (they have a board too).

Pushing all of this aside and merely viewing this from a "Canopy hates Linux" perspective, I'd like for you to answer one question for me: Why would Canopy, Ray Noorda, whoever, want to destroy Linux if in doing so they'll de-value the multi-millions they've invested in Linux software companies like LinuxNetworx, SnapGear, Troll Tech, Helius, etc.? Doesn't that strike you as a wee bit silly? (Okay, so there were two questions...)

Brewing up conspiracy theories can be fun, but try to make your conspiracies somewhat believable next time, 'kay? Thanks.


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Fun with SCO

Posted May 23, 2003 16:42 UTC (Fri) by brouhaha (subscriber, #1698) [Link]

Actually, major stockholders effectively do control corporations in most cases, because the board members know that if they piss off the major stockholders, they'll get voted out and replaced by someone who will do what the stockholders want.

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