Welcome!

Java IoT Authors: Pat Romanski, Yeshim Deniz, Elizabeth White, Liz McMillan, Zakia Bouachraoui

Related Topics: Linux Containers, Open Source Cloud

Linux Containers: Article

SCO Makes Q3 Loss, McBride Vows to Continue Fighting IBM and Others

SCO Makes Q3 Loss, McBride Vows to Continue Fighting IBM and Others

Related Links:
  • Monty Python Meets Darl McBride
  • "I Wasn't Brought In to Have Warm Fuzzies with Slashdot," Says McBride 
  • Linux's Moment of Truth: First End User Lawsuit Filed by SCO 
  • Darl McBride's 5 Reasons Why SCO Can *STILL* Win vs IBM
  • SCO's McBride Backs Down On "GPL is Unconstitutional" Claim
  • Linus' Top Ten SCO Barbs

    "We remain steadfastly committed to enforcing our intellectual property rights on behalf of our customers, employees and shareholders," SCO CEO Darl McBride told reporters yesterday. "Through the combination of the quarter's positive developments and our current cash position, we are well-positioned to pursue our current litigation through its conclusion."

    He was speaking to journalists after announcing a huge income drop in its Q3 results - compared to the same quarter last year.

    Great interest was shown in McBride's revelation that SCO has traded straight fees with Boies, Schiller & Flexner for a greater share of the spoils if it should happen to succeed in its various legal suits - vs IBM, Novell, and Red Hat.

    BSF will now receive a maximum of $31m in fees, plus up to 30% of any damages awarded to SCO. 

    McBride was bloodied but unbowed. "Several positive developments fell into place for us this quarter that strengthened the Company's overall position," he claimed. 

    "We successfully delivered on our strategy to restore profitability within our UNIX business which is generating positive cash flow," he explained. Then he continued:

    "At the same time, we saw a nice uplift from SCOsource licensing revenue. In addition, we closed the BayStar transaction and as announced today, we implemented a Shareholder Rights Plan that will help protect the Company from any potential undervalued takeover attempt. Finally, we are pleased to have entered into a letter of intent with Boies, Schiller & Flexner that not only demonstrates their belief in SCO's legal case but will also provide SCO with greater financial flexibility. We remain steadfastly committed to enforcing our intellectual property rights on behalf of our customers, employees and shareholders. Through the combination of the quarter's positive developments and our current cash position, we are well-positioned to pursue our current litigation through its conclusion."
    So, SCO's CEO is putting a brave face on things. But as one informed observer archly remarked: "30% of nothing may not make BSF very happy."

    SCOX shares dropped 13 cents, or 3%, to close yesterday at $3.80, compared to a high point of over $22 in 2003.

    Related Links:

  • Monty Python Meets Darl McBride
  • "I Wasn't Brought In to Have Warm Fuzzies with Slashdot," Says McBride 
  • Linux's Moment of Truth: First End User Lawsuit Filed by SCO 
  • Darl McBride's 5 Reasons Why SCO Can *STILL* Win vs IBM
  • SCO's McBride Backs Down On "GPL is Unconstitutional" Claim
  • Linus' Top Ten SCO Barbs
  • More Stories By Linux News Desk

    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.

    Comments (0)

    Share your thoughts on this story.

    Add your comment
    You must be signed in to add a comment. Sign-in | Register

    In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


    IoT & Smart Cities Stories
    We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
    Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
    Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
    DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
    "Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
    In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
    The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
    DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
    René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
    DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.