I posted an article at the end of August, SCO Gets Their Comeuppance! and described SCO's recent legal woes and how a recent judgement in their case against Novell seemed to put an end to any hopes they may have had to realize a company-saving financial windfall.
Well, on Friday, The SCO Group, Inc. "SCO" (NASDAQ: SCOX), filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code:
The full press release can be read on SCO's site and I'm guessing things are a bit grim at the company. I hope Darl McBride sleeps well at night."We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations," said Darl McBride, President and CEO, The SCO Group. "Chapter 11 reorganization provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans."
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