SCO Group files for Chapter 11 bankruptcy (Reuters)

Posted Sep 16, 2007 13:30 UTC (Sun) by danielhedblom (guest, #47307)
Parent article: SCO Group files for Chapter 11 bankruptcy (Reuters)

Will this really fly? Its timing is just to convinient. Just as Novell is about to get the exact number on how much money SCO has that belongs to Novell they file for chapter 11. Bear in mind that this isnt money owed to Novell, its Novells money from the start. SCO was supposed to hand over all the money from SUN and Microsoft to Novell and then get 5% back.

When those money are decided to be Novells in court SCO is toast. They know this and will try in any way to prolong the inevitable. My guess would be that Novell, IBM and RedHat will try to get the chapter 11 court to pass on chapter 11 and go straight for bancruptcy. Since SCO has employed 4! additional law firms there wont be any money left in a very short time.