No More SCOX
December 28, 2007 Leave a comment
It looks like SCO has finally been delisted from the Nasdaq. The ticker is now SCOXQ.PK on the OTC board. From the “SCO Receives Nasdaq Notice Letter” press release:
LINDON, Utah, Dec. 27 /PRNewswire-FirstCall/ — The SCO Group, Inc. (“SCO”) (Nasdaq: SCOX – News), a leading provider of UNIX software technology and mobile services, today announced that it received a Nasdaq Staff Determination letter on December 21, 2007 indicating that as a result of having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Nasdaq Listing Qualifications Panel has determined to delist the company’s securities from the Nasdaq Stock Market and will suspend trading of the securities effective at the open of business on Thursday, December 27, 2007.
It’s been a wild and crazy ride, that’s for sure. While it’s not completely over yet, this surely marks the beginning of the end. It’s interesting to see that they still consider themselves a “leading provider of UNIX software technology”. If they focused on UNIX software technology instead of absurd litigation in the first place, it’s very possible this letter would never have been delivered.