Certificate of Designation, Preferences and Rights
Full document, agreement said to involve minority investor BayStar Capital ($20 million), and majority investor Royal Bank of Canada ($30 million). [US Security and Exchange Commission, SEC]
Editor's Note: A Few Questions for SCO From a
SCO got $50 million in private investment this week; good for them, maybe not so good for investors. Potential investors in SCOX stock should ask SCO some fairly harsh questions. Forum comments. [Linux Today]
Form S-3 Registration Statement
New S-3 filed as part of BayStar deal, allows for converting BayStar preferred stock to regular stock, so SCO had to register another 3.85 million shares for sale. [US Security and Exchange Commission, SEC]
IBM's Days in Court
Tiny SCO Group opts to take its Linux business to court. While meant to serve justice, lawsuits can be effective business tools; making publicity, distracting and getting cash in settlement from competitors. [Motley Fool.com]
Is Microsoft Behind SCO's $50 Million Cash In
Soon after SCO announcement that BayStar Capital invested $50 million in firm, questions are raised as to Microsoft role in such. BayStar leads, creates, participates in many deals using money from other firms (Microsoft). [eWeek]
Linux Users Incensed over Royal Bank SCO Investmen
Canada's open source community outraged over decision by Royal Bank of Canada, via RBC Capital Markets, to contribute toward $50 million investment in SCO, with BayStar Capital of San Francisco. [ITBusiness.ca]
Renaissance Research Group: The SCO Group, Inc.
Strong buy recommendation from Renaissance Ventures, LLC. Suggests in part why SCO stock has risen during the lawsuit period. [Renaissance Research Group]
Renaissance Research Group: The SCO Group, Inc.
Report titled: Handicapping the SCO-vs.-IBM Lawsuit. Seeks to reinforce conclusions of strong buy recommendation. Suggests in part why SCO stock has risen during the lawsuit period. [Renaissance Research Group]
Royal Bank of Canada Invests in SCO
BayStar Capital made $50 million investment in SCO, $30 million of which is from Royal Bank of Canada, according to Thursday regulatory filing with US Securities and Exchange Commission. [CNET News.com]
SCO Building up a War Chest
Ability to build cash war chest too compelling to pass up, so SCO agreed to $50 million investment deal, announced yesterday, with investment fund BayStar Capital. CEO Darl McBride pleased with transaction. [eWeek]
SCO Delays Earnings Report
Postpones quarterly earnings report by 2 weeks to account for $50 million investment, was scheduled to release 4Q report 8 December; investment would not affect firm's revenue or cash balance. [Internet Week]
SCO Execs Cash in on Suit Spotlight
Link to story, useful forum comments, on ZDNet finally looking at SCO stock insider trading. [LWN: Linux Weekly News]
SCO Execs Cash in on Suit Spotlight
Senior SCO executives have been dumping personal holdings in firm since June, US Securities and Exchange Commission (SEC) filings show. Since SCO launched legal action against IBM, its share price has sky-rocketed. [ZDNet CNET News.com]
SCO Gets $50 Million Investment
SCO, firm embroiled in legal actions with Linux and Unix, announces $50 million investment by BayStar Capital, a reversal of plans it stated in May; will use funds for software development, legal and licensing costs. [CNET News.com]
SCO Group Hit by Double Whammy
Shares of firm fell sharply after it lost court motion asking IBM for source code, court also ruled SCO must provide code relevant to case to IBM in 30 days; SCO postponed earnings report. [TheStreet.com]
SCO Insider Trades
List of all such stock trades since 2002 that author could find, sorted by publishing date, compiled from SEC public records, about $1,375,654 in sales since March 2003. [Groklaw]
SCO Insider Trading Watch
SCO executives keep slowly cashing in their stock to benefit from its current, inflated price; total 93,000 shares sold since suit filing, net $782,000 earnings. Table with links. Forum comments. [LWN: Linux Weekly News]
SCO Roars as Shares Soar
In heavy trading, SCO shares rose about 30 percent as firm defends what it sees as unauthorized illegal use of its Unix code by customers, Linux users, vendors, open source community. [eWeek]
SCO Wins $50 Million Investment
Received large cash boost in private investment deal led by investment fund BayStar Capital, structured as private placement of non-voting Series A Convertible Preferred Shares, at fixed conversion price $16.93/share. [eWeek]
SCO's Investors Grab the Helm off Legals
SCO announced new agreement, gives investors control of firm's legal efforts; issued in SEC filing, SCO must seek prior approval from investors before taking action resulting in legal firms getting 20% contingency fee. [PC Pro]
SCOX: Basic Chart for SCO Group, Inc.
Graph of stock price and volume; since SCO sued IBM, stock price has risen greatly, and keeps rising on average. [Yahoo Finance]
The Mouse That Roared
New regulations made it harder for small-cap companies to get noticed; this is not the case for SCO. The big question is will SCO investors survive this dispute? [Motley Fool.com]
The SCO Ship Is Listing
Big investors revise terms of capital-injecting contracts; can now veto the 20% that David Boies, et al get if SCO wins or is bought out; Wall Street reevaluates potential. [Linux Online]
Visions of Ka-ching Dance in Their Heads
Analysis of why investors are raising SCO stock price, based on two documents from Renaissance Ventures, LLC, venture capital firm. Links and quotes source documents. Many forum comments. Print-friendly version too. [Groklaw]
Who is Selling SCO Stock?
Two outside stockholders, John R. Wall, Morgan Keegan & Co., decided to dump 1 million shares they held. SCO executed full registration process, at its expense, to facilitate this, yet proceeds go to sellers. Forum comments. [LWN: Linux Weekly News]