The Inquirer-Home
Comments
Topic incorrect

Not sure how closely the author read the groklaw article that this article links to, but as far as I can tell, the court has not approved the sale of the Unix business. The closest thing I can think of is the court approved the issue to be discussed in the next meeting.
http://www.groklaw.net/article.php?story=20071024171524429

posted by : MindALot, 29 October 2007 Complain about this comment
oy, vay

I was enjoying the article after giving the Inq one last shot to regain my readership. Then I hit this:

"As a matter of fact, JGD Management Corp., doing business as York Capital... [snip chop whack] ...Suddenly all of this ties together and becomes clearer."

Oh, please. Would you like to tell us who was really responsible for 9/11 while you're at it?

posted by : perisoft, 29 October 2007 Complain about this comment
Not yet!

The court approved a motion to have a hearing on the matter only... see http://www.groklaw.net/pdf/SCOGBK-156.pdf

Nov 6 is the day and other matters will be decided/considered too, such as Novell's motion to lift the hold/stay on court proceedings in Utah. This whole Chapter 11 bankruptcy thing was a detour for Novell who was about to eat SCOG's lunch. If it goes back to Utah, Novell will be awarded enough cash to shut SCOG down in Chapter 7, not 11. The judge in Utah will not be amused because SCOG told him that bankruptcy was not imminent....

posted by : Robert Pogson, 28 October 2007 Complain about this comment
They do NOT have approval

The sale has NOT, that is NOT, and once again NOT yet been approved.

What has been approved is an expedited schedule for hearings on the matter.

This is not to say that the sale will not be approved - the ways of bankruptcy courts, according to what I've read - are obscure and arcane even to well seasoned attorneys.

But there is at least a genuine question. The bankruptcy court allowing it would make Novell party to a contract to a third party (York) without its willing consent, and over its objections. 

-- TWZ

posted by : Terrence W. Zellers (aka ColonelZen), 28 October 2007 Complain about this comment
You *almost* got it right

I'll open this comment by noticing that Egan Orion has probably done as good a job as any member of the press at presenting the facts of SCO's utter self-destruction to the public accurately.

But on this occasion, he has gotten one aspect of the instant story *completely wrong*: The Judge has NOT approved any sale of any sort. What he *has* done is allow expedited consideration of SCO's motion to allow the sale. This will be heard in the Delaware Court on November 6th, but any parties that oppose the motion (think Novell, IBM, the U.S. Bankruptcy trustee, and a rogue shareholder or two, and you're on the right track).

posted by : Dave Ivedorne, 28 October 2007 Complain about this comment

SCO wants bankruptcy court approval to sell its Unix business

aboutus
Advertisement
Subscribe to INQ newsletters
Advertisement
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?