Santa Cruz Operation SCO Group, the same group that gave us SCO UNIX has filed bankruptcy last Friday. That is bad news not only for the SCO users and community but for the stock holders too!
The bankruptcy that was filed was The Chapter 11 Bankruptcy! Meaning, the court will take over (with the creditor’s committee) to handle the debts of the company.
SCO Group CEO Darl McBride also quote saying that one major reason for the downfall of SCO Group is because of competition on alternative Open Source Operating System, including Linux. Aside from that their sales on UNIX-based product “have been declining over the past several years.”