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Showing posts from September, 2004

SCOX losing relevance (Google news)

Message ID: 184142 Posted By: krow10 Posted On: 2004-09-23 09:34:00 Subject: SCOX losing relevance (Google news) Recs: 6 I have made it a part of my routine to check up on SCOX in the AM -- you know, check here, check groklaw, check slashdot (not just for SCOX,) and do a quick search on Google news. Today is the first day in a while that none of the stories on the first page of a date sorted Google news search for "SCO" has had anything to do with everyone's favourite fiesty little barratry firm. May this be the beginning of a long running trend, interrupted only briefly by news of courtroom losses for SCOX, BK for SCOX and convictions for various crooked dealers in this scam. Cheers, Craig ------------------------------------------------------------ The text of this Yahoo Message Board post has been licensed for copying and distribution by the Yahoo Message Board user "krow10" under the following license: License:  CC Attribution-NonComme...

Wonder how much SCOX is insider owned

Message ID: 182675 Posted By: walterbyrd Posted On: 2004-09-20 14:47:00 Subject: wonder how much scox is insider owned Recs: 3 By insiders, I don't just mean the execs who work at scox. But everybody who might by in on the scam. Rough estimates: Canopy - 40% Baystar - 17% Royce - 5% Other funds - 5% I don't know how many shares scox owns, but add those to however many shares are owned by each canopy companies. There are about 25 canopy companies, what if those companies each owned about 1.5% of scox. It's possible that scox could be well over 90% insider owned. That could explain the share price being out of touch with reality. ------------------------------------------------------------ The text of this Yahoo Message Board post has been licensed for copying and distribution by the Yahoo Message Board user "walterbyrd" under the following license: License:  CC Attribution-NonCommercial-ShareAlike v2.0 ----------------------------...

Fiduciary responsibility

Message ID: 175397 Posted By: crunchie812 Posted On: 2004-09-01 09:13:00 Subject: Fiduciary Responsibility Recs: 32 It should be reasonably clear to anyone following this case that it has gone from a long shot at a big payoff to a reasonably sure bet to incur damages and court costs. Red Hat and IBM are almost certain to receive damages for Lantham act violations. AutoZone may receive at least court costs, and quite possibly damages. Novell is probably owed 95% of the Sun and Microsoft fees. At this point it seems that guaranteeing Boies an additional $31 million to pursue a losing strategy to the bitter and hideously expensive end is an almost certain strategy for achieving bankruptcy. Boies gets the meat, 2/3 of the available cash. IBM, Novell, and Red Hat can gnaw on the bones. The poison pill plan protects the shareholders of record (insiders) and management and screws the rest. A perfect and complete betrayal of fiduciary responsibility to the rest of the s...