SCO out of NASDAQ

Posted: January 1, 2008 in Tech

Nadaq stock exchange has now suspended trading of the stock of the SCO Group.

The company is currently working on reorganizing their operations under federal bankruptcy protection.

SCO had lost a major lawsuit against Novell and IBM over ownership and use of the UNIX operating system.

They are also facing trial in a U.S. District Court after losing a critical ruling in the Novell case. They could be fined big time for licensing of the UNIX system to other companies.

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