BayStar asks money back from SCO, SCO share 30% down.

  • Thread starter Thread starter Jan Panteltje
  • Start date Start date
Jan Panteltje said:
Suggesting: 'SCO needs to focus more on the profitable legal case
against Linux, and less on Unix'.
BayStar asked 20 million dollars back.

You do not believe this, really the limit...

http://www.cnn.com/2004/TECH/biztech/04/23/sco.investment.ap/index.html
Click to expand...

<quote>
An SCO official said BayStar still hasn't responded to the company's
repeated efforts to discuss the falling out. "We are certainly interested in
working out our differences," SCO spokesman Blake Stowell said.
</quote>

Translation: "Oh please, please, big daddy, don't whip us anymore. We'll
gladly swallow it." :-)

<quote>
BayStar, which specializes in making private investments in publicly held
companies, arranged a $50 million infusion for SCO last fall. The Royal Bank
of Canada contributed $30 million of the financing. The Royal Bank hasn't
revealed what it will do if BayStar abandons SCO.
</quote>

<quote>
The public strife is unusual for BayStar, a low-profile investment firm
founded in 1998 by former bankers Lawrence Goldfarb and Steven Lamar. Since
its inception, BayStar has invested $745 million in about 160 companies,
including XM Satellite Radio Inc. and Roxio Inc.
</quote>

Lawrence Goldfarb? I've heard of the guy, he's one of the big Jewish
Canadian billionaires. The Royal Bank of Canada is also involved. So this
entire fiasco is being financed by Canadian money-mavens, huh?

Yousuf Khan
 
Lawrence Goldfarb? I've heard of the guy, he's one of the big Jewish
Canadian billionaires. The Royal Bank of Canada is also involved. So this
entire fiasco is being financed by Canadian money-mavens, huh?

Yousuf Khan
Click to expand...
Looks like a Jewish plot to me ;-)
JP

PS Do I hear a helicopter?
Oh my
 
Jan Panteltje said:
Looks like a Jewish plot to me ;-)
JP

PS Do I hear a helicopter?
Oh my
Click to expand...

Probably more likely red & white helicopters that are about 40 years old and
held together with duct tape. (Badap-badap, ooh yeah, yet another easy jab
at Canada's armed forces.) :-)

Yousuf Khan
 
In comp.sys.ibm.pc.hardware.chips Yousuf Khan said:
Probably more likely red & white helicopters that are about 40 years old and
held together with duct tape. (Badap-badap, ooh yeah, yet another easy jab
at Canada's armed forces.) :-)
Click to expand...

'Cept the jab misses. Tony H is in Canada.

Jan is in the Netherlands. They plant helicpoters in the
ground with their rotors facing the wind :) And certainly
cannot fly after dark. Noise Laws.

-- Robert
 
Probably more likely red & white helicopters that are about 40 years old and
held together with duct tape. (Badap-badap, ooh yeah, yet another easy jab
at Canada's armed forces.) :-)

Yousuf Khan
Click to expand...
Yes, without duct tape the earth would fly away :-)
 
'Cept the jab misses. Tony H is in Canada.

Jan is in the Netherlands. They plant helicpoters in the
ground with their rotors facing the wind :) And certainly
cannot fly after dark. Noise Laws.
Click to expand...
LOL
 
Jan said:
Suggesting: 'SCO needs to focus more on the profitable legal case
against Linux, and less on Unix'.
BayStar asked 20 million dollars back.

You do not believe this, really the limit...

http://www.cnn.com/2004/TECH/biztech/04/23/sco.investment.ap/index.html

JP
Click to expand...

<quote>
The financing raised eyebrows in the high-tech community after BayStar and
SCO confirmed they had been introduced to each other by software giant
Microsoft Corp., which has been losing some customers to Linux. Microsoft
says it has no financial ties to BayStar.


So "Baystar" is pressuring SCO to attack linux and forget about developing
something as silly as it's own products. Yea I'm sure Microstar, I mean
Baystar has no ties to Microsoft....
 
Quoth Stacey said:
<quote>
The financing raised eyebrows in the high-tech community after BayStar and
SCO confirmed they had been introduced to each other by software giant
Microsoft Corp., which has been losing some customers to Linux. Microsoft
says it has no financial ties to BayStar.

So "Baystar" is pressuring SCO to attack linux and forget about developing
something as silly as it's own products. Yea I'm sure Microstar, I mean
Baystar has no ties to Microsoft....
Click to expand...

Ah, but that's not the set of choices.

Baystar is pressuring SCO to actually pursue its lawsuits, as opposed
to grandstanding badly. And they are, in effect, right.

If SCO's to pursue this, it is appropriate for them to do so
competently; if they don't, Baystar is right to chide them for it.
--
If this was helpful, <http://svcs.affero.net/rm.php?r=cbbrowne> rate me
http://www.ntlug.org/~cbbrowne/linuxxian.html
There is a theory that states: "If anyone finds out what the universe
is for, it will disappear and be replaced by something more bizarrely
inexplicable." There is another theory that states: "This has already
happened..." -Douglas Adams, "Hitch-Hikers Guide to the Galaxy"
 
Christopher said:
Ah, but that's not the set of choices.

Baystar is pressuring SCO to actually pursue its lawsuits, as opposed
to grandstanding badly. And they are, in effect, right.

If SCO's to pursue this, it is appropriate for them to do so
competently; if they don't, Baystar is right to chide them for it.
Click to expand...

According to this, http://www.theregister.co.uk/2004/04/22/repellent_sco/ ,
Baystar is starting to get nervous about McBride's big mouth, and they are
saying that they should just concentrate on the lawsuit. Or is that really
an excuse? It could be an implied acknowledgement of pending defeat, and
they are trying to get back whatever money they can recover from SCO while
they can.

Afterall, loudmouthed CEOs shouldn't be enough to lose them this case. Only
the merits of this case will lose them this case.

Yousuf Khan
 
Christopher said:
Ah, but that's not the set of choices.
Click to expand...

Uh yes it is..

<quote>

BayStar Capital Management LLC believes SCO needs to hire executives with
more savvy about intellectual property cases and spend less money on its
Unix products
Baystar is pressuring SCO to actually pursue its lawsuits, as opposed
to grandstanding badly.
Click to expand...

No they are pressuring SCO to go after it's "Linux lawsuit" and forget their
unix products, which is what the lawsuit is based on. So now a company that
used to develop software is trying to make -big money- sueing anyone they
can using money from someone who is interested in seeing linux users
attacked. Wonder who is behind this funding? MS gave them 30 million, then
MS "introduced" Baystar to them. No you're right, MS has no interest in
this at all!
 
Yousuf said:
According to this, http://www.theregister.co.uk/2004/04/22/repellent_sco/ ,
Baystar is starting to get nervous about McBride's big mouth, and they are
saying that they should just concentrate on the lawsuit. Or is that really
an excuse? It could be an implied acknowledgement of pending defeat, and
they are trying to get back whatever money they can recover from SCO while
they can.
Click to expand...

I would assume that Baystar had some SCO stock and did not
simply loan them some money. If that is actually the case,
they might have been better off quietly bowing out and simply
selling off their stock. As it is, they made headlines instead
and SCO's stock fell 30%. (Has it recovered since then ?)
 
Rob said:
I would assume that Baystar had some SCO stock and did not
simply loan them some money. If that is actually the case,
they might have been better off quietly bowing out and simply
selling off their stock. As it is, they made headlines instead
and SCO's stock fell 30%. (Has it recovered since then ?)
Click to expand...

I think Baystar is too smart to have owned only SCO stock, the real money is
in being a creditor. Afterall, when a company goes bankrupt it's the
creditors that get to pick over the corpse, not the shareholders. In this
case, it's recalling a loan to SCO, not selling off its stock.

Yousuf Khan
 
Rob said:
I would assume that Baystar had some SCO stock and did not
simply loan them some money. If that is actually the case,
they might have been better off quietly bowing out and simply
selling off their stock. As it is, they made headlines instead
and SCO's stock fell 30%. (Has it recovered since then ?)
Click to expand...


Or they could be interested in buying it, make these coments, watch the
price drop then buy it up! All they have to do then is say they changed
their mind and the prices jump back up 30%....

Isn't that what the whole SCO thing is, a pump and dump scheme?
 
KR said:
Yes, I knew that. .nl loves high.


You do have a reason for existing?


I'm sure you're complaining about it too.
Click to expand...

I don't know if you ever watch The Daily Show with John Stewart, it's a news
parody show. The other day he was interviewing this commentator from Fox
News, John Gibson, who wrote a book called, "Hating America: The New World
Sport". Basically he took examples of articles and op-eds written about
America in other countries, and summarized them. He had a chapter he wrote
where he combined South Korea, Belgium or the Netherlands (I can't remember
which), and Canada. His assertion was that this is the "Axis of Envy", these
countries are just jealous of America and its power, etc.

Well the host, John Stewart, said that maybe we're (i.e. Americans) not
presenting our case to the world properly. Afterall, if the Canadians hate
us, isn't that a bit like Mr. Rogers throwing a brick through your living
room window? :-)

Yousuf Khan
 
In comp.sys.ibm.pc.hardware.chips Yousuf Khan said:
Well the host, John Stewart, said that maybe we're (i.e. Americans) not
presenting our case to the world properly. Afterall, if the Canadians hate
us, isn't that a bit like Mr. Rogers throwing a brick through your living
room window? :-)
Click to expand...

LOL! But please remember history -- many Canadians, especially
those in Ontario, are refugees from the American Revolution.
They had to leave and resented it. Other Canadians, especially
those in the West or Quebec are far less anti-American.

-- Robert
 
Robert said:
In comp.sys.ibm.pc.hardware.chips Yousuf Khan


LOL! But please remember history -- many Canadians, especially
those in Ontario, are refugees from the American Revolution.
They had to leave and resented it. Other Canadians, especially
those in the West or Quebec are far less anti-American.
Click to expand...

I don't think there can be too much residual resentment left over from the
American Revolution anymore. :-)

Besides Ontario is now ethnically diverse, more than half the people in
Toronto say they were born some place else (and I don't mean Montreal or
Hamilton). They bring with them their own resentments, can't be bothered to
resent something that happened over two hundred years ago. :-)

Yousuf Khan
 
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