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Weird happenings in SCOX land
Those who watch SCO's stock may be wondering why it is up 30% today (as of
this writing). There are two interesting things going on. One is this
SEC form describing the sale of another 131,000 shares held by
insiders. This includes stock held by Vultus, Inc. ("substantially all" of
whose assets were acquired by SCO in June), Angel Partners Inc., and four
others. All of those selling will be left with zero shares when they are
done. On the same day, Deutsche Securities has started "covering" the
stock, saying they think it will go to $45/share. What a happy coincidence
for those doing the selling.
(It's worth noting also that Red Hat has already requested information on SCO's presentation to Deutsche last July; see Groklaw's summary). (Log in to post comments)
Weird happenings in SCOX land Posted Oct 15, 2003 14:46 UTC (Wed) by dbhost (guest, #3461) [Link] Gee boys and girls, can you say pump & dump? Sure, I knew you could. I personally would like to see SCOX stock to to about $45.00 a share on their (IMHO) fraudulently inflated values, and tank in Enronesque fashion, and with any luck the rocket scientists that run my 401K won't be invested there... When investors get good and burned by this, then the fine folks at the SEC might just pull their head out of dark places long enough to see what is going on and take some action.
Weird happenings in SCOX land Posted Oct 15, 2003 18:38 UTC (Wed) by smoogen (subscriber, #97) [Link] Sure and Ken Lay is doing hard time right now... doubtful anything will happen.
Weird happenings in SCOX land Posted Oct 15, 2003 14:52 UTC (Wed) by quickening (guest, #14807) [Link] But if I just knew when it was going to tank, I'd short it!
Weird happenings in SCOX land Posted Oct 15, 2003 15:10 UTC (Wed) by Wol (guest, #4433) [Link] Look at what the idiot analysts are doing!Deutsche has classed it as a BUY with a target price of FORTYFIVE dollars! How stupid can you GET! When it tanks, I suspect some analyst is going to have his work cut out explaining. Hopefully to the SEC, with the Damocles of jail-time over his head ... :-) Cheers,
Weird happenings in SCOX land Posted Oct 15, 2003 22:19 UTC (Wed) by stumbles (guest, #8796) [Link] Ok I'm to lazy to look it up but with those "projected" numbers, what would that make theirP/E?
"Risks" section of SEC filing Posted Oct 15, 2003 15:30 UTC (Wed) by tonnesen (guest, #3589) [Link] The "Risks Related to the Business" section of the SEC filing is quite comprehensive and detailed. Here's a selection of some of the main points:
"Risks" section of SEC filing Posted Oct 15, 2003 15:35 UTC (Wed) by pglennon (guest, #649) [Link] Translation: Do not buy. Do not be an idiot.
Weird happenings in SCOX land Posted Oct 15, 2003 15:44 UTC (Wed) by ccchips (subscriber, #3222) [Link] Does anyone have any experience or recollection of what happened to Hayes around the time they asserted their patent right to "+++ [pause]"? Seems they didn't last very long after that.
Weird happenings in SCOX land Posted Oct 15, 2003 15:52 UTC (Wed) by mmarq (guest, #2332) [Link] Well news is news, but why the hell sould Linux/FLOSS care about SCO share price??Was not only the big crash of 1927, but all subsequent smaller crashes from time to time, that tell us the world is full of suckers that cannot control their greed! So SCO has money for lawsuits, but can only stop Linux/FLOSS if the developers just quit,..., there isnt any other way! Everybody knows by now that SCO is just full of "hor air", because their Ma$ter and other interested parties insuflated them that "hot air", to serve to a purpouse. Now they have alienated their main business , selling and supporting softwre, by dumping Linux, and have become seller of "hot air" supported shares. There is always plenty of suckers that bite the bullet, that should not concern Linux/OSS.
Who's buying? Posted Oct 15, 2003 19:40 UTC (Wed) by NAR (subscriber, #1313) [Link] I'm not sure I understand how things go exactly on the stock market, but I think, if someone sold stocks, someone had to buy it. I just browsed through the article but I haven't seen the name of the buyers...
Who's buying? Posted Oct 15, 2003 20:05 UTC (Wed) by djabsolut (guest, #12799) [Link] The same testosterone retards who caused the dotcom bubble (read: every money crazed "investor")
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