SCO Group Files Chapter 11

Sep 15 2007, 6:00am CDT | by Luigi Lugmayr

The SCO Group announced that they filed for Chapter 11 of the United States Bankruptcy Code.

"We want to assure our customers and partners that they can continue to rely on SCO products, support and services for their business critical operations," said Darl McBride, President and CEO, The SCO Group. "Chapter 11 reorganization provides the Company with an opportunity to protect its assets during this time while focusing on building our future plans." The Linux community sure is happy about this news. SCO sued several commercial Linux companies including IBM. SCO's whole legal drama is described in this Wikipedia entry.

Chapter 11 does not mean the end for SCO just yet.
More details on the SCO Group site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.