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  Welcome to virtuallinux.org. You are currently reading the article "SCO looks to make a comeback". All articles on virtuallinux.org pertain to the ongoing assult on the worlds greatest Operating system. Continue on reading about "SCO looks to make a comeback"
SCO looks to make a comeback

SCO looks to make a comeback


Posted on Sunday, March 28 2010 @ 13:32:06 EDT by linuxwiz		  
 
  SCO related

Embattled Unix vendor SCO Group has landed a new round of funding which the company says will help it emerge from bankruptcy.

The company said that un-named investors have agreed to provide it with $2m ($2.18m) in funding to help continue its legal and commercial efforts.




In particular, the company noted that the funds would be used to battle cases against IBM and Novell.

"The financing is intended to enable SCO to continue to sell and support its products while servicing the needs of our customers and partners on a worldwide basis through the bankruptcy period," said chief financial officer Ken Nielsen.

SCO made headlines and gained a great deal of infamy among the open-source community when in the first half of the decade it engaged both Novell and IBM in legal battles over the Unix and Linux platforms.

Dogged by ongoing legal costs and courtroom setbacks, the company was forced to declare bankruptcy in 2007.

Throughout the bankruptcy process, SCO has said that it would continue to appeal the 		 
 
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SCO Quietly Seeks Another Review of IBM Decision

  

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