Firm embroiled in high-profile intellectual property dispute, reports net income of $4.5 million on revenue of $21.4 million for Q2. [CNET News.com]

Firm officially drops old name of Caldera International. Measure was approved by shareholders on Friday, the Lindon, Utah-based company said this week. [CNET.com]

SCO, firm embroiled in legal actions with Linux and Unix, announces $50 million investment by BayStar Capital, a reversal of plans it stated in May; will use funds for software development, legal and licensing costs. [CNET News.com]

Firm's fastest growing revenue source stems from its efforts to enforce more licensing of its software. They recently announced Web services software that may steer some attention back to their products. [CNET News.com]

Next move in legal battle with IBM will likely come Monday, SCO says, possibly in form of request that a judge halt IBM AIX Unix sales. IBM says it did nothing wrong, and is unlikely to yield to SCO demands. [CNET News.com]

SCO says it has revoked IBM license to sell its version of Unix, AIX, and requests judge permanently block IBM Unix business. Amended suit also criticizes practices of Linux founder, leader, Linus Torvalds. [CNET News.com]

Consumers can soon expect to see MP3 music players integrated into cell phones, handheld organizers and other appliances says S3. [News.com]

A federal judge today found that MP3.com willfully infringed the copyrights of Seagram's Universal Music Group, opening the company to enormous potential damages in one of the first trials to address the legal boundaries of Internet music distribution...

BayStar Capital made $50 million investment in SCO, $30 million of which is from Royal Bank of Canada, according to Thursday regulatory filing with US Securities and Exchange Commission. [CNET News.com]

If Napster really wants to bury the hatchet with the Recording Industry Association of America, it may have to eat crow and issue a personal apology. [News.com]