[opensource] SCO Files for Bankruptcy
dinan at cse.ohio-state.edu
Tue Sep 18 11:46:44 EDT 2007
LINDON, Utah, Sept. 14 /PRNewswire-FirstCall/ -- The SCO Group, Inc.
("SCO") (NASDAQ:SCOX) , a leading provider of UNIX(R) software
technology and mobile services, today announced that it filed a
voluntary petition for reorganization under Chapter 11 of the United
States Bankruptcy Code. SCO's subsidiary, SCO Operations, Inc., has also
filed a petition for reorganization. The Board of Directors of The SCO
Group have unanimously determined that Chapter 11 reorganization is in
the best long-term interest of SCO and its subsidiaries, as well as its
customers, shareholders, and employees.
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