I Don't Want To Say . . .. . . I told you so. SCO's lawsuit was just an IPO for the legal profession: WSJ breaks down lawyer's potential winnings from SCO v IBM. This WSJ article says attorney David Boies could see $49.4 million or more from representing SCO in its $3B lawsuit alleging IBM stole trade secrets over Linux software-- even if SCO's case is unsuccessful. Documents SCO recently filed with the Securities and Exchange Commission say the Lindon, Utah, software firm "is in the process of finalizing" a deal with its counsel. Under the agreement, SCO would pay the lawyers 20% of the proceeds of "a sale of SCO during the pendancy of litigation." (...) In 4 p.m. trading on the Nasdaq SmallCap Market Wednesday, SCO was at $17.87, giving the company a market capitalization of $247 million. If SCO sells at that price, the Boies firm would be entitled to $49.4 million -- and probably more with the premium that usually comes in a takeover. Link (subscription required) (via /.) [Boing Boing Blog] File under The Legal Profession. 6:08:17 PM ![]() |
Today's Deep Thought"...one of the strongest motives that lead men to art and science is escape from everyday life with its painful crudity and hopeless dreariness, from the fetters of one's own ever-shifting desires. A finely tempered nature longs to escape from the personal life into the world of objective perception and thought." - - Albert Einstein File under Working Stiff Stuff. 5:41:58 PM ![]() |
Johnson Says HelloMy Nigerian pal Johnson dropped me a line today:
As per the plan, I didn't respond. He'll find out tomorrow that he's no longer dealing with Mr. Bawls. File under Nigerian Email Buddies. 5:25:32 PM ![]() |
How To Infiltrate An EmbassyFirst, try removing your MI5 name badge. From The Independent:
File under Current Events. 7:59:19 AM ![]() |