SCO Shares Plummet In Novell Ruling Aftermath
Shares of business software distributor the SCO Group tumbled in early trading Monday following a judge's ruling that the company has no ownership claim on the Unix operating system. As of 11:00 a.m. Monday, SCO shares (NasdaqCM:SCOX) were off about 70% to 47 cents.
SCO spent millions of dollars pursuing the case and in the past had warned investors that a courtroom loss could jeopardize its ability to continue operating.
Not only did SCO lose its claim to Unix, it also may have to repay millions of dollars to Sun Microsystems(SUNW) and Microsoft.