SCO's Real Agenda
The Salt Lake Tribune reports that SCO Group executives have sold about 119,000 shares of their company since it filed a lawsuit against IBM in March and the stock price increased more than fourfold. Chief Financial Officer Robert Bench began the $1.2 million in executive share sales four days after Lindon -based SCO filed its lawsuit against Armonk, N.Y.-based IBM on March 6. Before Bench's sale, SCO insiders had not sold shares in more than a year, according to the Washington Service, a firm that tracks insider transactions.
Isn't it abundantly clear what's going on here? First, buy up a floundering company. Next pump up the stock price with a bogus claim that unidentified portions of the Linux code infringe on unidentified portions of SCO's intellectual property in Unix. Sue IBM and attempt to extort "license fees" from Linux end users. Then, after the price of the company's shares rise because of investor stupidity, cash out for a quick killing. I mean, ask yourself, if their lawsuit had real merit would they be dumping the stock? Of course not.
This crap is nothing but racketeering. I hope the SEC does an Enron on the heads of these bastards.
1:00:15 AM