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-------------------------------------------------------------- This story was printed from ZDNet Asia. --------------------------------------------------------------
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SCO Group gets the boot from Nasdaq
By Stephen Shankland
Monday, December 31 2007 06:16 AM URL: http://www.zdnetasia.com/news/software/0,39044164,62035916,00.htm The Nasdaq market has delisted The SCO Group, the Linux-seller-turned-Linux-litigant now in Chapter 11 bankruptcy protection. The Lindon, Utah-based company's shares were taken off the Nasdaq because of the bankruptcy proceedings, the company said last week in a statement. The company had appealed Nasdaq's decision to do so but lost its appeal on December 21, the company said in a regulatory filing with the Securities and Exchange Commission. The company filed for bankruptcy protection in the wake of years of steadily declining Unix revenue and a court ruling in August that crippled its legal argument that its proprietary Unix technology is used in open-source Linux. A court ruled Novell still holds the Unix copyrights. |