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By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
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Unix For Sale: $36M, Anyone?
Is SCO preparing for the conversion of its bankruptcy to Chapter 7?

By: Linux News Desk
Oct. 29, 2007 10:00 AM

SCO Group asked for approval from Judge Gross of the bankruptcy court last week to sell off Unix to the highest bidder, which curently would mean York Capital Management, a financial firm. If SCO does receive $36 million, Novell and IBM (and perhaps others) will certainly be hoping that the money will in turn come to them.

York's offer is basically $10 million down and a $6 million revenue-sharing arrangement over three years. SCO would be paid $1 million in year one, $2 million in year two and $3 million in year three.

SCO had reportedly been talking to other interested parties but apparently none has yet trumped York's offer.

Published Oct. 29, 2007— Reads 11,708 — Feedback 10
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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SYS-CON's Linux News Desk gathers stories, analysis, and information from around the Linux world and synthesizes them into an easy to digest format for IT/IS managers and other business decision-makers.

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Reader Feedback: Page 1 of 1

This news-in-brief item has been updated.

According to www.groklaw.com, this is not correct.

SCO filed a PROPOSED order on 10/23 but it has not been approved by the court. The court MAY approve it after the November 6 hearing.

Mike

No, SCO filed a motion asking the court permission to sell. The judge has not ruled on the motion.

No, they asked for permission so sell. Nice job fact checking.

No they didn't get approval SCO made a motion seeking it but other parties get a chance to object before the Judge signs off on it , if in fact he does.

That's a really interesting story since all that's happened so far is that SCO has asked the court for permission to sell its Unix assets. So far the judge hasn't said yea or nay. Do you guys just maske this stuff up?

You need to get your facts straight. SCO has only ASKED for permission from the bankruptcy court to sell. The judge has not signed the order and will not until all creditors have been notified and have had a chance to object to the sale.

As Groklaw has reported, so far, this is only a proposal by the SCO Group. The judge might or might not approve this proposal. Approval wouldn't be before the hearing on Nov. 6th in any case.

Your facts are incorrect.

There will be a hearing scheduled for November 6 to get approval to sell off Unix.


Your Feedback
Duty editor wrote: This news-in-brief item has been updated.
Trent Black wrote: According to www.groklaw.com, this is not correct.
Mike Friese wrote: SCO filed a PROPOSED order on 10/23 but it has not been approved by the court. The court MAY approve it after the November 6 hearing. Mike
Ged wrote: No, SCO filed a motion asking the court permission to sell. The judge has not ruled on the motion.
David wrote: No, they asked for permission so sell. Nice job fact checking.
waltish wrote: No they didn't get approval SCO made a motion seeking it but other parties get a chance to object before the Judge signs off on it , if in fact he does.
Tom wrote: That's a really interesting story since all that's happened so far is that SCO has asked the court for permission to sell its Unix assets. So far the judge hasn't said yea or nay. Do you guys just maske this stuff up?
Matt wrote: You need to get your facts straight. SCO has only ASKED for permission from the bankruptcy court to sell. The judge has not signed the order and will not until all creditors have been notified and have had a chance to object to the sale.
DaleP wrote: As Groklaw has reported, so far, this is only a proposal by the SCO Group. The judge might or might not approve this proposal. Approval wouldn't be before the hearing on Nov. 6th in any case.
Gilles Leger wrote: Your facts are incorrect. There will be a hearing scheduled for November 6 to get approval to sell off Unix.
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