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SCO Gets Lift in Form of 'Buy' Rating (InternetNews.com)
InternetNews.com has taken a
look at the Deutsche Securities report that has pumped so much air into
SCO's stock. "'We view SCOX as a call option on a substantial
lawsuit against IBM and the potential to capitalize on Linux,' the authors
wrote. 'Investors should consider an investment in SCOX as extremely high
risk that may yield a substantial return or may collapse in value.'"
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How far stupity can go Posted Oct 15, 2003 16:42 UTC (Wed) by libra (guest, #2515) [Link] Those people are just plain stupid.Not just because they may lose their money (unless it is a clever move to make other people invest behind them and then just sell everything even before the trial starts). Not just because they are clueless about SCO claims and technicals matters that would otherwise show them how worthless this company is. In fact they are stupid because it is the typical kind of move that made the Internet bubble a few years ago and that still maintains it, thought reduced now (but I can see it ready to grow again in near future). And this is stupid because such speculation can only have negative impact on economy and employment and finally on themselves.
SCO Gets Lift in Form of 'Buy' Rating (InternetNews.com) Posted Oct 15, 2003 18:39 UTC (Wed) by ccchips (guest, #3222) [Link] There's got to come a day when these kinds of people will be in Hell where they belong. I wonder how many working people in the world have suffered because of scum like these?Maybe some of you don't like socialism or Communism, but this ought to be a real good example of how movements like those come about. If you like the "free world", maybe you'd also like the "responsible" world that is supposed to come with it?
SCO Gets Lift in Form of 'Buy' Rating (InternetNews.com) Posted Oct 15, 2003 19:48 UTC (Wed) by dbhost (guest, #3461) [Link] In that day that the corporate scum are in Hell as you say, they will be sharing the flames of the eternal lake of fire with the likes of Stalin, Hitler, Mussolini, Castro, Mao, etc... So I guess they will be going to the workers paradise huh?How on earth would socialism or communism help this situation? Instead of corporations and attorneys whoring the courts, it would be the state taking what they wish. Now how about the right to opposition? Is SCO going to slam you in the clink for opposing their attempts at unjust gain? Nope. Hmmm. Ever heard of gulags and concentration camps? To the Free and Responsible world argument. Surely some innocents will be hurt by bing involved with funds and whatnot that are invested in this scheme. By the same token THEY ACCEPTED RISK WHEN THEY PUT THEIR RESOURCES INTO THOSE FUNDS!!!!! The responsibility will come through the enforcement of our existing laws. And with the massive fraud being undertaken by Darl McBride et al there will certainly be investigations, and likely criminal prosecution for their actions.
SCO Gets Lift in Form of 'Buy' Rating (InternetNews.com) Posted Oct 15, 2003 20:44 UTC (Wed) by BrucePerens (subscriber, #2510) [Link] I don't think he was saying that socialism or communism would help. He's saying that stuff like this is why socialist or communist movements come about. In other words, a perception that justice belongs to anyone with a lot of money, that white-collar crime pays, and that fortunes are won in the courtroom rather than by constructuve work.And probably just before most of the communist or socialist movements in various nations came about, there were people running the national government as if it were a bank for dispensing favors to their business associates, there was talk about closing down existing civil rights... in other words, it wasn't very different from today. Scary prospect. Bruce
Even if SCO wins... Posted Oct 15, 2003 19:37 UTC (Wed) by ironhacker (guest, #11389) [Link] Everybody knows if SCO loses the stock goes down the toilet, but let's assume SCO wins. Their stock gets a quickie boost from whatever they win in court. The $200M company is now worth $2B. Fantastic for the people owning the stock, but what happens after that? Other than declare a whopper dividend, what is left for SCO to do? Sell what? To whom? What happens to the stock after that? Win or lose, is the long term outlook any different? How do you make money on a stock that EVERYONE knows they have to dump, and they all know it has to happen at about the same time?
Their day will come Posted Oct 15, 2003 19:56 UTC (Wed) by BrucePerens (subscriber, #2510) [Link] The day when anyone who has bought into this stock will get their rude awakening will come, we need only wait.Bruce
Their day will come Posted Oct 15, 2003 21:01 UTC (Wed) by djabsolut (guest, #12799) [Link] Bruce, do you, along with a few other notables, have something cooking in the pot?
Their day will come Posted Oct 16, 2003 3:45 UTC (Thu) by BrucePerens (subscriber, #2510) [Link] Eric has more cooking than I, and probably doesn't want to talk about it until he's ready. I am working on a non-SCO thing at the moment, that you won't believe if it comes off. But whatever we work on, eventually the trials come, and end. Right now we have a pretty good indication of how they'll go, because we've seen the SCO response - or lack thereof - to IBM's first interrogative in the discovery process. SCO could not presnet any evidence in response to the interrogative. Not any. This isn't going to help them when they finally get in front of a judge. And it will help to establish that they have never had a case, and thus are actionable for things like fraud, etc.I surmise that some of the SCO folks may be in court for the rest of their lives. This is not to say that they are not making money now, due to stock kiting tactics and the fatuous investors and analysts. If they are lucky they will make enough to protect them. It's happened before. Bruce
Their day will come Posted Oct 15, 2003 22:48 UTC (Wed) by rev (guest, #15082) [Link] Exactly my thought. SCOX is a micro dot com bubble. Pluff.. there is bursts.
they can't even do math Posted Oct 15, 2003 21:24 UTC (Wed) by pflugstad (subscriber, #224) [Link] Hmmm, the reporter (or his editor?) writes:> The investment bank issued the price target [$45] -- more than an Umm, last time I check 45 == 15 x 3 or so, making that a *300%* potential upside. Or am I completely clue free? And these are the people that investors depend on for inventment news. Ye flipin gads.
they can't even do math Posted Oct 15, 2003 21:32 UTC (Wed) by josh_stern (guest, #4868) [Link] They mean (45-16)/16 ~ 1.8 (comparing the possibility of making1.8x the investment versus losing 1x the investment). Their point is reasonable only if you accept two big leaps of logic: 1) if you don't know how the IBM lawsuit will turn out then put the odds at 50-50, and 2) believe that a "win" for SCO means they can then collect money from lots of other Linux users and businesses (since those guys are presumably easier prey than IBM). Both of these assumptions are actually idiotic, but that is Wall Street for ya.
they can't even do math Posted Oct 16, 2003 13:22 UTC (Thu) by mmarq (guest, #2332) [Link] "TOUCHÉ"Have you ever notice that for someone to win money at the stock exchange, others have to lose it,..., its pretty obvious since they dont print any money, then that money has to came from somewhere else! And since the real value of "course of exchange" is mainly influenced by speculators and not the real value of entreprises, then the value of end of year dividends are completly marginalized, to be kept inside... So, M$ , the most profitable entreprise in software, and one of the most profitable entreprises in the world, "owned" by the richest man in the world, spends several years without giving any dividend to his fellow stock holders! Can you smell "scam" allover, or are you going to redefine me the meaning "rip off stock holders" ? And you now what ? Its not illegal !!... to a point that this SCO manouvers are just "small fun at the playground". The Enron "business" came out because there was no more ways to hyde it, like worldcom, Xerox, etc...:- That is the way the stock market works!!
they can't even do math Posted Oct 17, 2003 0:37 UTC (Fri) by dlang (subscriber, #313) [Link] you said:Have you ever notice that for someone to win money at the stock exchange, others have to lose it,..., its pretty obvious since they dont print any money, then that money has to came from somewhere else! the money comes from somewhere else, but that doesn't mean that for one person to make money another must loose money if I buy a stock at $1 per share and the company uses the money from the stock to grow to double the size and I then sell my stock for $2 per share who lost moeny in this deal? stock speculation, margin buying, put options and other things are a zero-sum game where an investor trades the chances for a large benifit for reduced chances of a large loss, but unless you count 'I should have purchased stock X several years ago' normal stock market transactions aren't taking money from someone else's pocket to put it in yours
they can't even do math Posted Oct 26, 2003 12:42 UTC (Sun) by ekj (subscriber, #1524) [Link] if I buy a stock at $1 per share and the company uses the money from the stock to grow to double the size and I then sell my stock for $2 per share who lost moeny in this deal?Obviosly noone. But equally obvious: The money was not made in the stock-market, but rather by the clever guys in the company that knew how to buy machines (or whatever) for the $1 that will let the company grow. This is called investment. I give you money for some plan of yours, in return I get to share your profits if the plan work out. Contrast to speculation which is the idea that you'll make money in the stock-market *not* because the underlying companies make money, but rather by buying and selling at the rigth moments. Speculation is obviosly a zero-sum game. The only way someone can gain money from speculation in stocks, is if someone else looses the exact same sum.
That was a typo Posted Oct 15, 2003 21:28 UTC (Wed) by FarcePest (guest, #3065) [Link] They meant to say a "bye" rating. SCOX's fundamentals are pretty bad, particularly if you consider the last five years.
SCO Gets Lift in Form of 'Buy' Rating (InternetNews.com) Posted Oct 15, 2003 22:52 UTC (Wed) by mmarq (guest, #2332) [Link] At least if those shares of SCOX where printed on the same brand as toilet paper!... then they could be of some use...Hey,... what where you thinking of, ummm ?... i mean dry out the tears of those that bought them and are going to lose grand :-)
Scox and investor risk Posted Oct 16, 2003 12:37 UTC (Thu) by walterbyrd (guest, #11620) [Link] >>By the same token THEY ACCEPTED RISK WHEN THEY PUT THEIR RESOURCES INTO THOSE FUNDS!!!!! <<I don't think so. There is always risk in investing. But, that doesn't mean that an investor can't expect some degree of honesty. For example, an investor should be able to expect that a company's financial statements are true and accurate. Investors accept normal business risks - not outright lying and fraud. When a company publicly states that they have a strong case in a lawsuit, there is a reasonable expectaction that the entire case is not a bluff to pump the stock price. When a company publicly states they will have an enormous revenue stream due to a new licensing campaign, and they will invoice for those licenses by the October - then it is reasonable to expect that the company actually will invoice.
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