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]
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]
Shares of firm fell sharply after it lost court motion asking IBM for source code, court also ruled SCO must provide code relevant to case to IBM in 30 days; SCO postponed earnings report. [TheStreet.com]
List of all such stock trades since 2002 that author could find, sorted by publishing date, compiled from SEC public records, about $1, 375, 654 in sales since March 2003. [Groklaw]
SCO executives keep slowly cashing in their stock to benefit from its current, inflated price; total 93, 000 shares sold since suit filing, net $782, 000 earnings. Table with links. Forum comments. [LWN: Linux Weekly News]
In heavy trading, SCO shares rose about 30 percent as firm defends what it sees as unauthorized illegal use of its Unix code by customers, Linux users, vendors, open source community. [eWeek]
Received large cash boost in private investment deal led by investment fund BayStar Capital, structured as private placement of non-voting Series A Convertible Preferred Shares, at fixed conversion price $16.93/share. [eWeek]
New regulations made it harder for small-cap companies to get noticed; this is not the case for SCO. The big question is will SCO investors survive this dispute? [Motley Fool.com]
Big investors revise terms of capital-injecting contracts; can now veto the 20% that David Boies, et al get if SCO wins or is bought out; Wall Street reevaluates potential. [Linux Online]
Analysis of why investors are raising SCO stock price, based on two documents from Renaissance Ventures, LLC, venture capital firm. Links and quotes source documents. Many forum comments. Print-friendly version too. [Groklaw]