SCO Execs Cash in on Suit Spotlight

http://lwn.net/Articles/41562/ Link to story, useful forum comments, on ZDNet finally looking at SCO stock insider trading. [LWN: Linux Weekly News] SCO execs cash in on suit spotlight (ZDNet) [Posted July 29, 2003 by corbet] Bear with us as we put up . ZDNet has finally gotten around to looking at insider trading in SCO stock. " Considering the company has only 13.5 million shares floating around, it is conceivable that the issuance of 45
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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]

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]

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]

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]

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]

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