mormon buddy club getting rich on tech litigation?
Stock PlayAccording to this NASDAQ chart, they have had 10 out of their 13 shareholders performing “insider trades” in the last 3 months. Is this a coincidence? Or conspiracy? SCO has another earnings call on August 14th. I urge everyone who can dial into the conference number to do so. There’s a lot more to this than meets-the-eye. They gave their own management team shares valued at something like $0.0001 and then sold them at the current market price, making a killing.
The Golden Parachute Play
SCO is a dead company. They know it. UnixWare is not innovating. UnixWare can’t compete with Linux, and certainly not without copying OUR code into THEIR codebase. Linux has surpassed them, with the help of many thousands of community contributors, as well as many big commercial companies like HP, Dell, and yes, even IBM.
SCO feels they were “shorted” by these customers, and they want a piece of the Linux “pie”. They’ll go and attack Linux, claiming that Linux contains their source code, and hope that one of these larger companies buys them out to shut them up. This is a double-edged sword, however, and I’m glad that IBM and other companies have seen through it. If IBM buys SCO, in the eyes of the media and the community, it will appear that IBM was “wrong”, and bought SCO to shut them up. Nobody will trust the code that IBM contributes from that point forward. Additionally, the senior management team at SCO gets rich on the buyout, as well as their numerous illegal insider trades, and they float happily to the ground in their golden parachutes with their insider trades filling their pockets.
SOURCE:
Linux: Free as in $699.00, [comment] posted 6 Aug 2003 by hacker at Advogato: Let’s Put SCO Behind Bars
2 September 2003, 17:53 ::
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