SCO receives $100 million to stay afloat

By Justin Mann on February 15, 2008, 1:13 PM
SCO's demise has been staved off, it seems, with a recent injection of cash from the Middle East. SCO has received around $100 million in funding to help them survive, following the company outlining a business plan that doesn't involve suing the universe and all its inhabitants.

After losing many battles to Novell and others, it seemed most likely that the company would not be able to sustain themselves. It went so far as to cause them to file for bankruptcy protection. Is this the saving grace for the company? Definitely not. Money will not fix SCO's previous business errors, but perhaps this will be the encouragement they need to reshape their company. Perhaps, this time around, they will actually sell instead of sue.

Add New Comment

TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...
Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.