Saturday, November 03, 2007

IBM, Novell Move To Block SCO's Unix Sell Off -- SCO Group -- InformationWeek

Playing for keeps...

IBM (NYSE: IBM) and Novell (NSDQ: NOVL) on Thursday asked a bankruptcy court judge to block The SCO Group's sale of its Unix technology to a private equity firm, which the software vendor has proposed as part of its Chapter 11 reorganization effort.

IBM, one of SCO's creditors, said in a court filing that SCO shouldn't be allowed to sell off its assets in part because Chapter 11 protection is meant to give cash-strapped companies a chance to reorganize -- not liquidate their assets.

IBM, Novell Move To Block SCO's Unix Sell Off -- SCO Group -- InformationWeek

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