SCO's quarterly report -- Enron, anyone? [LWN.net]

SCO's quarterly report -- Enron, anyone?

Posted Jun 16, 2003 19:49 UTC (Mon) by flewellyn (subscriber, #5047)
Parent article: SCO's quarterly report

I don't remember who said it, but someone on this board remarked that the whole IBM lawsuit business could be nothing more than a scam to drive up their stock price long enough for the executives to bail out. This report makes that seem a bit more plausible, especially given the payouts to Vista and the "unnamed licensee". I wonder where that money is going, and who will eventually draw on it?

Of course, this doesn't mean SCO may not really mean it with the suit; they may be banking (heh) on getting a large cash settlement from IBM, which would then be used to add to the executives' golden parachutes when the company goes belly up. That much, the company going belly up, seems certain: I recall another poster on these comment boards saying that SCO's business is litigation now, not selling products. That's not really a viable long-term business model unless you're a law firm, and it certainly isn't likely to work if your suits are based on such shaky ground.

(Log in to post comments)