Senior SCO executives have been dumping personal holdings in firm since June, US Securities and Exchange Commission (SEC) filings show. Since SCO launched legal action against IBM, its share price has sky-rocketed. [ZDNet CNET News.com]
Ability to build cash war chest too compelling to pass up, so SCO agreed to $50 million investment deal, announced yesterday, with investment fund BayStar Capital. CEO Darl McBride pleased with transaction. [eWeek]
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]
Strong buy recommendation from Renaissance Ventures, LLC. Suggests in part why SCO stock has risen during the lawsuit period. [Renaissance Research Group]
Report titled: Handicapping the SCO-vs.-IBM Lawsuit. Seeks to reinforce conclusions of strong buy recommendation. Suggests in part why SCO stock has risen during the lawsuit period. [Renaissance Research Group]
Tiny SCO Group opts to take its Linux business to court. While meant to serve justice, lawsuits can be effective business tools; making publicity, distracting and getting cash in settlement from competitors. [Motley Fool.com]
New S-3 filed as part of BayStar deal, allows for converting BayStar preferred stock to regular stock, so SCO had to register another 3.85 million shares for sale. [US Security and Exchange Commission, SEC]
SCO got $50 million in private investment this week; good for them, maybe not so good for investors. Potential investors in SCOX stock should ask SCO some fairly harsh questions. Forum comments. [Linux Today]
Full document, agreement said to involve minority investor BayStar Capital ($20 million), and majority investor Royal Bank of Canada ($30 million). [US Security and Exchange Commission, SEC]