According to reports on Groklaw, Gulf Capital Partners LLC, a group formed by Stephen Norris of Stephen Norris & Co. Capital Partners, a private-equity firm, has offered to buy SCO, just as the company faced the end of the bankruptcy road. If the deal is real and goes through, SCO's nearly dead Unix business will continue, and, oh the pain of it all, so will its zombie-like lawsuits against IBM, Novell, and other Linux companies.
Will this idiocy never end!?
This isn't the first time that Norris has tried to ride in to save SCO's bacon. Last February, Norris came up with a deal that would give SCO $5 million, and a credit line of up to $95 million, on the understanding that the money would be spent trying to kick IBM and Novell's rump in court. Never mind that SCO has never come close to proving any of its claims about Unix IP (intellectual property) in Linux in court. Norris, or more properly his backers who had ties to Microsoft, wanted to fund SCO's anti-Linux lawsuits.
That attempt by Norris to save SCO's lawsuits fell apart. Now, he's trying to do it again.
We don't know who's behind this latest SCO buyout craziness, but it seems a safe bet that at the bottom of it all we'll find friends of Microsoft. There's simply no sane business reason to keep SCO's anti-Linux litigation in play except to spread a little anti-Linux FUD, and Microsoft is the only company that has any real interest in seeing that happen.
Like it or not, it looks like we're in for yet another chapter in SCO's unending courtroom horror show.