Nasdaq to Delist SCO Sep 27

symbolset writes "The Nasdaq Staff has decided to delist SCO at open of business on September 27, 2007 under their discretionary authority and as a result of SCO filing for Chapter 11 bankruptcy protection. SCO can get a hearing but "There can be no assurance that the panel will grant the Company's request for continued listing.""

Good bye and...

[drspliff]

Remember to fit the grave with a bell "just in case" :)

hmm

[Loconut1389]

I got dibs on sco.com!

I only wish

[pembo13]

I could some how take credit for this, it seems like a positive achievement.

Re:hmm

[Anonymous Coward]

That will become a rocking anal pr0n site!

Re:What happens?

[Anonymous Coward]

You think you have problems? I put my entire 401K into SCO. Oh god, the humanity!!!

Re:Slashdot contributed a lot.

[shanen]

Right. Those "confused executives" just looked for 'insightful' mods on /. and they knew what to do. Riiiiight.

Seriously, folks. No applause, no mod points, just throw money.

As for SCO, I predict their SCOX stock prices will have be reported using infinitesimals before the 27th. I knew I studied all that math stuff for some reason.

This is really bad news for me.

[Anonymous Coward]

I started investing my $20,000 student loan instead of using it to get my MBA. Well, I bought about $7000 worth SCOX stock back when it was worth a little more than a dollar. Well, now I am very worried about what is going to happen to my investment. It is bad enough that it has depreciated more than five times what I paid. And to those wondering... I didn't buy the SCOX stock because I thought The SCO Group would win against IBM. And I use Linux a lot. I bought the SCO stock because I thought their UnixWare and Open Server offerings were valuable enough that in time the market would weigh them instead of voting. I really hope Darl can turn this around pretty fast. Posted anonymously for obvious reasons.

Re:This is really bad news for me.

[kcbanner]

So why didn't you get the MBA instead of investing the loan?

Re:What happens?

[Himring]

You get that sound effect: "wah, wah, wah, waaaaaah...."

Re:Good bye and...

[texaport]

And be sure to drive a stake through the heart
just in case.

Re:Good bye and...

[AndyCR]

Yeah. Cut the string off the bell.

Re:This is really bad news for me.

[19thNervousBreakdown]

I'm reminded of this quote:

<kylev> BAHAHAHAHAHAHAHAHA
<kylev> hahahahaha
<kylev> some girl just came onto our floor
<kylev> and was yelling "sexual favors for anyone who does my sociology paper"
<kylev> i just asked her what the paper was about
<kylev> and she said the accomplishments and growth of feminism
<`Neo> bahahahaha

The last person out the door at SCO...

[Chris Tucker]

...turn out the lights.

Oh, and grab me one of them Aeron chairs while you're at it.

Thanks!

Re:What happens?

[_Sprocket_]

What happens if they go completely bankrupt and you can't get the stock anywhere anymore?

They might take Charmin in lieu of stock. Thankfully that stuff is always available. Of course, the company behind Charmin has a viable business model.

Re:"a leading provider of UNIX(R)software technolo

[Paradise Pete]

So, leading providers often file Chapter 11?

That's a typo. It's supposed to be "a leaving provider..."

Re:Good bye and...

[Bill, Shooter of Bul]

dig up the casket, riddle corpse with silver bullets, stab through heart with a crusifix, pour salt down its throat, cut off its head, and re bury it with a hunk of kyrptonite. Just in case it turned into a werewolf, vampire, authentic or movie zombie, or superman.

Re:Slashdot contributed a lot.

[larry bagina]

if executives are anything like slashdot editors, I'd wager none.

Wow it really IS everywhere!

[n3tcat]

8 is divisible by 2, and 6 is divisible by 3! 86 is related to 23! I should write a movie about it!

Re:Good time for raises, too!

[roystgnr]

I'm pretty ignorant of finance and law, but is there any reason whatsoever for the stockholders not to sue the board into destitution at this point?

You may think you're ignorant, but you're obviously head and shoulders above the people whose reasoning you're questioning. For all we know, the smartest current SCO stockholders might already have tried to call lawyers and file lawsuits, only to find themselves unable to figure out how to work the telephone.

Re:Good bye and...

[nmb3000]

May I be the first to offer condolences to Darl McBride.

Except that I tagged the story 'poordarl' right after it was posted :P

Of course I also tagged it 'poorsco' and 'makethempayforwhattheyvedone'. What can I say, I try to be descriptive :)

Re:What happens?

[proverbialcow]

Of course, the company behind Charmin has a viable business model.

They have the same basic business model as the traders who shorted SCO stock - they all rely on other people being full of shit.

Re:Wow it really IS everywhere!

[Nazlfrag]

8 divided by 2 is 4, 6 divided by 3 is 2 means 86 and 23 are related to 42! I've unlocked the secret to life, the universe and everything!

Re:Good bye and...

[modecx]

...then we nuke the entire graveyard from space. It's the only way to be sure.

Check this email!

[RWarrior(fobw)]

Big news expected.*This stock will implode!*
Do not wait until it is too late!!!
LOOK AND WATCH SCOX THIS MONDAY

New news expected next week.
Expected 7 day price -$1.10
Last time they put out major news the stock ran like shit down a toddler's leg!

(SYMBOL: SCOX)
Price: $ .20
Short Term Target: 300-500% Loss

*******PRESS RELEASE******
**SCOX****SCOX****SCOX**** =
A $1,000 dollar investment could yield a $5,000 dollar trip around the toilet bowl in just one trade if you trade out before you hit the water trap. SCOX should be one of the most exciting stocks to trade for Sept, if you like roller coasters that only go down! In this range the stock has potential to move in the nether direction in big concrete shoes!!!! This means you should be able to buy at the lows and sell even lower, if you can get the fuck out of the way of this oncoming train fast enough! Did we tell you you've been tied to the track!!!!!!!!!!

If the company is able to effectuate it's business model, WATCH OUT!!! We could see a GREAT STORY IN THE MAKING. Uproariously funny and documented all over the web for everyone to see!!!!

GOOD LUCK AND TRADE OUT BEFORE YOU HIT THE WASTE TREATMENT FACILITY!

Poll Idea:

[Kaenneth]

You are given the honor of choosing one of these 3 OS's to be deployed at your company:

1) SCO Unix
2) Windows Vista
3) CP/M

Re:New logo for SCO will be $<0

[shanen]

Whoops. Preview my post? Where do you think this is, /.?

The suggested new SCO logo is $<0, not HTML with a 0 tag.

Re:Good time for raises, too!

[Anonymous Coward]

leaving for better crimes with fewer risks

There. Fixed it for you.

Re:Poll Idea:

[Anonymous Coward]

Which SCO Unix? UnixWare? OpenServer? Something older?

Anyway that would probably be my choice, regardless of the actions of the current company calling itself SCO. It's not as if Darl wrote it.

Getting future support might be a PITA, but no less so than for CP/M...and I'd try to get a support contract that gives me access to the source code if support is no longer available.

Re:hmm

[Seahawk]

I am sure that the people that host symbolic.com are puzzled by the sudden increase in hits today! :)

Re:This is really bad news for me.

[smittyoneeach]

I was just in New York City, and I remember thinking, walking through Times Square, "This is kinda like Vegas without the casinos."
Now I realize: casinos are chump change compared to Wall Street, where the real high-rollers go.

Re:Good time for raises, too!

[bythescruff]

"rather than leaving for better crimes with fewer risks."

There you go - fixed that for ya.

Re:This is really bad news for me.

[Anonymous Coward]

Sexual favors for anyone who mods up this witty response.