Re: [Hampshire] [OT] Sco go for Chapter 11

Top Page

Reply to this message
Author: Samuel Penn
Date:  
To: Hampshire LUG Discussion List
Subject: Re: [Hampshire] [OT] Sco go for Chapter 11
On Sunday 16 September 2007 00:36:23 Tim wrote:
> Not sure if anybody has seen this, but Sco have filed for Chapter 11, which
> means they are bankrupt
>
> http://www.linux.com/feature/119211


Bankrupt in the sense that they have sought some legal protection
from debters whilst undergoing reorganisation supervised by a
bunkruptcy court. The can continue to operate, and it doesn't mean
that they are completely dead - companies do recover from chapter 11.

Chapter 11 seems to be quite lenient in what it allows companies to
do whilst they're filed under it. They're not dead yet (though we
can hope).

-- 
Be seeing you,                         http://www.glendale.org.uk
Sam.                        Mail/IM (Jabber): sam@???