Investors Bailing On SCO Stock, SCOX Plummets

HailDorothy writes "SCO's stock price is plummeting in the aftermath of Judge Kimball's ruling that Novell owns the UNIX copyrights, as we discussed earlier. '[W]e will continue to explore our options with respect to how we move forward from here,' SCO said in a public statement issued in a futile attempt to calm investors. SCO's stock price has fallen 70 percent during trading today, reaching a 52-week low. It looks like the end is near for SCO, which still owes Novell 95 percent of the SVRX UNIX royalties it collected from Microsoft and Sun through the SCOsource program. As Judge Kimbell noted in his ruling, it's unlikely that Novell will ever be able to collect on those royalties."

Woohoo

[jshriverWVU]

*opens champagne*

Victory!

[beheaderaswp]

Ah the sweet smell of victory!

Now bring on Microsoft!

Wait... um....

Damn... this ain't gonna be so easy.

Where's the Tylenol?

SCO implodes, Rove resigns ...

[Average_Joe_Sixpack]

If a naked Morgan Webb giving away free Wii systems, then we'll know our time has come.

It's not over yet...

[surfingmarmot]

Fake Steve Jobs scooped it: he claims SCO has filed a new lawsuit--it's suing itself and its executives for incompetence in bringing about and losing the UNIX lawsuits. He's kidding, but I'll bet they thought about it a least for a minute or two ;-)

Re:Die Hard

[rajafarian]

I prefer to call them SCOX, 'cause that rhymes with... what they are.

Let's make a deal!

[Opportunist]

Hey, maybe Novell accepts some stock from SCO as payment. I heard there's plenty going 'round now.

Re:Your Parents

[Starteck81]

If my parents used retirement funds to invest in SCO I would cry inside. I raised them better than that.

Re:Someone bought those shares today.

[Just Some Guy]

Who's buying the stock

Me.

and why are they buying it?

Gag gifts for the next decade and the pretense of luxury. Some people snort coke with a twenty dollar bill. I curb my dog with stock certificates.

Re:Wow!

[pilgrim23]

Obviously they could not tell their Caldera from a hole in the ground....

They were a corp...

[Anonymous Coward]

...now they are a corpse.

Here's the proof. [yahoo.com]

Re:Wow!

[Chris Burke]

But IANA stock analyst, so take that with a grain of salt.

Okay, but now I'm thirsty and I still don't know if I should trust your advice!

Re:Wow!

[Just Some Guy]

Okay, but now I'm thirsty and I still don't know if I should trust your advice!

I have to salt my dog's food so that it drinks enough water to keep from being dehydrated.

Which has nothing whatsoever to do with anything, but it's all I could think of that seemed to fit.

translation

[timmarhy]

"[W]e will continue to explore our options with respect to how we move forward from here,' SCO said"

We are fucked, and are desperating trying to think of something to save our selfs.

Re:They were a corp...

[A nonymous Coward]

You mean a scorpse? scorpsicle?

Re:Someone bought those shares today.

[sobachatina]

Well- It is in Lindon, Utah.
Probably not that many coffee machines.

Re:Victory!

[EvilRyry]

We just need to prove that Microsoft doesn't actually own the rights to Windows and that someone else actually does. Then Microsoft will own that party a whole lot of money for all the Windows licenses they sold over the years. Hopefully, MS will then go bankrupt and its evil reign of tyranny will be over!

Of course, this party will become very rich very quickly so it will need to be someone that we can trust... I'd like to offer up myself for the job. Yes, I know it will be hard, but I think I can handle it with all of your support.

Re:Buy at 50 cents?

[Greyfox]

SCO shares are now cheaper than toilet paper and are softer and more absorbent. I plan to buy a couple hundred bucks worth just so I can finally put them to the use they so richly (no pun intended) deserve.

Re:SCO implodes, Rove resigns ...

[unchiujar]

I would rather have her hold on to my Wii system. That is all.

money money money

[Gription]

I'm just looking at this as a stock trading opportunity. Anything dropping like this just has to bounce!

Re:Someone bought those shares today.

[Lunix Nutcase]

Not bad. One could easily make a profit selling all that after buying a controlling stake in SCO.

Re:Buy at 50 cents?

[xtracto]

Ha! you might not think this SCOX company stock is worthy, but coincidentally just today I got an email in my inbox from a friend with an attached image explaining me why this SCOX company has a lot of future, and how this opportunity of buying the stock so cheap is good.

And besides, I do not care about spending some thousands, as I got this friend in Nigeria who is making the paperwork to give me millions of dollars after I gave him some of my bank details.

I can't wait to see SCOX in spam

[Weaselmancer]

Hot-St0ck in the c0mput3r Industry!! Current Profile The SCO group, Inc.'s (OTCBB: SCOX) Symbol: SCOX Current Price: $0.37 3 day Target: $0.70 2 week Target: $1.25 Watch this one trade starting Wednesday Morning and Especially all this week. A huge PR Campaign just started and the price is expected to rise quite nicely. Its only trading at .37 with big increases possible! Judge to rule on possession of huge part of UnIX market! * Act Fast and Early! *

Waiting for the truth

[NormalVisual]

I don't believe any of this FUD about Novell owning Unix and SCO going down, and I won't until I hear about it directly from Laura DiDio. She's always right, isn't she?

Re:Woohoo

[Soloact]

I wonder how much longer they'll be able to afford the bandwidth to keep that site online.

our options with how we move forward from here

[unity100]

'We will continue to explore our options with respect to how we move forward from here,' SCO said

Ill save you the trouble - you will quit it

Re:Victory!

[DreamCoder]

Nah, it'll never happen. Novell has a substantial market cap of 2.3B while Microsoft has... oh wait.

Nevermind.

Re:The Financial Situation For SCO

[Anonymous Coward]

First and foremost, I'm not an investor, I've never cared past the level of pointing at an IRA and saying "gimme".

That said, your math checks out, so I suddenly have two questions 1) Where can I be paid $18m to take responsibility for SCO? and 2) Does Switzerland have an extradition treaty with the US?

Re:money money money

[Curtman]

Why exactly would Microsoft buy a company who's liabilities dwarf its assets 10-fold?

Especially when the company seems so confused about what exactly their assets even are.

Re:Woohoo

[v1]

SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to Unix-based system software providers.

Too bad that's too long for a sig, that's absolutely hilarious

Re:The Financial Situation For SCO

[zolaar]

Wow, sounds like even I'm in a better financial situation than SCO! I'm flat broke!

Re:Someone bought those shares today.

[Lanoitarus]

I highly reccomend it. Better yet, buy a bond (if they have any). A guy I work for bought a enron bond for $1 as a gag, got the certificate, again as a gag.

Several years later, he got a bankruptcy settlement check for 3 cents. Its framed next to the bond.

Re:money money money

[jamstar7]

Give me a break. What is with all these conspiracy theories, it's ridiculous.

They help create a market for tinfoil hats, of course.

http://finance.yahoo.com/q?s=aa [yahoo.com] Alcoa up 1 cent...

Re:Wow!

[Anonymous Coward]

That comment was dangerously close to being worthy of Ralph Wiggum.

Re:money money money

[Gription]

Why exactly would Microsoft buy a company who's liabilities dwarf its assets 10-fold?

Especially when the company seems so confused about what exactly their assets even are.

With confusion like that in a company it is even possible that they would pay over a billion dollars for a site that mostly hosts pirated video clips. That would have an incredible shroud of legal liability...

Oops... Sorry, that was Google.