SCO's Inevitable End Moves Closer

A recent development in SCO's Chapter 11 bankruptcy takes the company still closer to its inevitable final demise. Groklaw reports that the US trustee has filed a motion to convert the bankruptcy proceedings from Chapter 11 (reorganization under protection from creditors) to Chapter 7 (liquidation of the business).

Darl McBride, somewhat predictably, is quoted as saying he was surprised by the decision, and that the company will fight it. This doesn't hide the fact that a bankrupt strategy will lead to a bankrupt company. The current stock price of $0.15 capitalizes the company at just over $3 million. How are the mighty fallen.

Just go, SCO

Well, I said in August that SCO were dying, and shortly after that they filed for Chapter 11 bankruptcy. The company has since been delisted from NASDAQ. I've been looking at the company's web site, and I especially like the list of recent awards and recognition.

This all underlines the intellectual bankruptcy of Darl McBride's approach to open source technologies. I have no idea who holds stock in SCO, but I think it's time they chose a new chief executive. At 19 cents a share its total market capitalization is just over $4 million. How are the mighty fallen.

I just feel sorry for the SCO employees, who have done little to deserve the odium heaped on their employer from all sides.