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Who Shot Darl McBride? (ZDNet)
ZDNet UK comments
on BayStar's moves. "It's almost certainly too late to fix SCO,
but by killing its management and keeping the IP claims on life support,
something may be retrieved -- even if it's only face, an invaluable
commodity in the venture-capital community. That it would be forced to make
this move in public, a sanction that is indistinguishable to SCO from the
threat of a massive legal fine and the judicial removal of its officers,
marks an exceptional moment in modern capitalism."
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Who Shot Darl McBride? (ZDNet) Posted Apr 22, 2004 18:32 UTC (Thu) by allesfresser (subscriber, #216) [Link] This article contains a great quote: "Normally, supporting your company in public is a perfectly respectable pastime, but when you're trying to build a house of cards, the last thing you should do is blow hard and wave your hands like a madman." (referring to Darl and his famous mouth.)Very nice.
Who Shot Darl McBride? (ZDNet) Posted Apr 23, 2004 4:01 UTC (Fri) by sitaram (subscriber, #5959) [Link] Very funny comment! This one is much more seriously significant:"We've learned once again that the online community can inherit the traditional power of the press to battle the biggest monsters -- again, mapping out the shape of things to come."
BayStar is a HEDGE fund!! Posted Apr 22, 2004 20:05 UTC (Thu) by alphajim (guest, #9856) [Link] I've said it on groklaw, and i'll repeat it here. BayStar is a hedge fund. Hedge funds usually short the stock of companies they invest in, so there is little downside risk. How do you make money shorting? You buy (borrow) high and sell (payback) low. BS just decided to manipulate the market a little to squeeze some cash out of their short positions. They probably made close to $12 a share before interest and taxes, and all they had to do was put out a few press releases. It's all legal folks. Ugly but legal. Hedge's are virtually unregulated and are the corporate equivalent of loan sharks. I strongly suspect RBC was in on it. Possibly the only chumps may be SCOX.
BayStar is a HEDGE fund!! Posted Apr 22, 2004 21:11 UTC (Thu) by jwb (guest, #15467) [Link] Doesn't really sound like you have any experience with hedge funds at all. Virtually everything in your post is false.
BayStar is a HEDGE fund!! Posted Apr 25, 2004 15:05 UTC (Sun) by djplurvert (guest, #21176) [Link] Your response is of less help than his comment if you don't elaborate. Ifwhat he says is wrong, why is it wrong?
Who Shot Darl McBride? (ZDNet) Posted Apr 23, 2004 0:50 UTC (Fri) by neoprene (guest, #8520) [Link] Who Shot Darl McBride?naaah... why would anyone want to do that?
Who Shot Darl McBride? (ZDNet) Posted Apr 23, 2004 18:01 UTC (Fri) by verzonnen (guest, #9406) [Link] I see no good reason for Baystar to wish the resignation of the SCO top boss.But could it be posible that SCO was trying to get money out of M$, and not out of IBM? And if Baystar was a front for M$ (or someone connected to M$) than I could imagine that they (M$) would feel rather upset... Again I see no sense in this move, but I am sure time wil tell.. I am far more worried about patents than this whole copyright thing anyway... PS Talking about copyright did someone copyright "you are fired"? and if so can you still fire someone? Or does open source have to come up with a new term..... LOL
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