SCO's legal struggles could be finally laid to rest with the news that CEO Darl McBride has left the company. The company previously claimed that Linux developers misappropriated SCO's Unix source code and intellectual property in the popular open-source Linux kernel, and owed the company huge amounts of money.
First spotted by Linux Today, the news of McBride's termination comes as part of The SCO Group's 8-K filing with the US Securities and Exchange Commission, dated October 14 2009.
Item 5.02 - "Departure of Directors or Certain Officers" - states that "on October 14, 2009, The SCO Group, Inc. [...] announced that the Company has eliminated the Chief Executive Officer and President positions and consequently terminated Darl McBride." With McBride gone, the chances of the company's long-running legal fight against Linux developers continuing are slim.
Despite McBride's confidence that suing Linux developers was the key to untold wealth, the courts have never agreed: a landmark decision in the case back in November 2008 saw Judge Dale A. Kimball dismiss the company's claims - a move which saw SCO's stock price plummet. Even while under the protection of Chapter 11 bankruptcy proceedings, McBride insisted that his plan was sound, but the bankruptcy court disagreed.
Although The SCO Group hasn't provided any reasons for McBride's termination as part of the 8-K filing, it looks as though the company may have had enough of attempting to litigate itself into the black. Perhaps now the company can finally find its way back to its core competency - a fairly decent version of Unix.
Do you believe that The SCO Group will start making the right decisions now that McBride has gone, or did he run the company too far into the ground while he was at the helm? Share your thoughts over in the forums.
First spotted by Linux Today, the news of McBride's termination comes as part of The SCO Group's 8-K filing with the US Securities and Exchange Commission, dated October 14 2009.
Item 5.02 - "Departure of Directors or Certain Officers" - states that "on October 14, 2009, The SCO Group, Inc. [...] announced that the Company has eliminated the Chief Executive Officer and President positions and consequently terminated Darl McBride." With McBride gone, the chances of the company's long-running legal fight against Linux developers continuing are slim.
Despite McBride's confidence that suing Linux developers was the key to untold wealth, the courts have never agreed: a landmark decision in the case back in November 2008 saw Judge Dale A. Kimball dismiss the company's claims - a move which saw SCO's stock price plummet. Even while under the protection of Chapter 11 bankruptcy proceedings, McBride insisted that his plan was sound, but the bankruptcy court disagreed.
Although The SCO Group hasn't provided any reasons for McBride's termination as part of the 8-K filing, it looks as though the company may have had enough of attempting to litigate itself into the black. Perhaps now the company can finally find its way back to its core competency - a fairly decent version of Unix.
Do you believe that The SCO Group will start making the right decisions now that McBride has gone, or did he run the company too far into the ground while he was at the helm? Share your thoughts over in the forums.
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