I know. Hardly unexpected. Certainly not fresh news. But oddly satisfying to post, nevertheless.
LINDON, Utah, Sept. 19 /PRNewswire-FirstCall/ — The SCO Group, Inc. (the “Company”) , a leading provider of UNIX(R) software technology and mobile services, today announced it received a notice from The Nasdaq Stock Market indicating that the Company’s securities will be delisted from Nasdaq on September 27, 2007, pending an appeal.
Microsoft guaranteed investments in the SCO case through a third-party investment firm, but even with help from Redmond, SCO is now admitting that it prefers to simply shrug off its debts through Chapter 11 than to continue bleeding red ink.