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SCO receives funding to pursue Linux litigation
News One fund, BayStar Capital Management, invested $50m in 2003, but unwound the deal in 2004 after much bickering. Private-equity firm Stephen Norris & Co Capital Partners said on Thursday that it and unnamed Middle Eastern partners will fund SCO...
[February 15, 2008, 9:20]
Rupert Goodwins' Diary
Blog The latest information — and the one thing in the past three-and-a-half years that rings the truest — comes from Larry Goldfarb, one of the chaps in charge of BayStar, an investment vehicle that coughed up $50m for SCO just before the company...
[October 13, 2006, 19:35]
Behind SCO's open source challenge
Leader Immediately prior to the court case, SCO received $50m in funding from an investment company called BayStar. Informal promises were made that MS would guarantee BayStar's SCO investment. In the submission by BayStar founder Lawrence Goldfarb, he...
[October 10, 2006, 15:15]
More Microsoft SCO links emerge
News As reported on Monday, court documents from the ongoing court case between IBM and SCO had claimed Microsoft had encouraged financial firm BayStar to invest in SCO. The claim was made by BayStar founder Larry Goldfarb, who said Microsoft's vice...
[October 10, 2006, 15:05]
Microsoft 'offered to underwrite SCO funding'
News An executive at BayStar called Larry Goldfarb stated in a court declaration that Microsoft's vice president of corporate development and strategy, Richard Emerson, had offered to underwrite BayStar's own investment in SCO.
[October 9, 2006, 13:35]
IBM demands details of SCO dealings with HP, Microsoft, Sun
News The long-running legal battle between IBM and SCO over the claim that Linux violates SCO's intellectual property took another twist on Tuesday, when IBM sent subpoenas to Microsoft, HP, Sun and Baystar.
[February 22, 2006, 12:55]
Save the last dance for SCO
Talkback Of course, some benefactor may magically appear like Baystar, but that is unlikely. Besides the end of SCO in some fire sale, there could be grounds for criminal or securities violations to be prosecuted.
[August 10, 2005, 22:37]
BayStar's common shares go on the market
News BayStar Capital, the investment fund that arranged a $50m cash infusion for the SCO Group, has begun selling its common shares. BayStar and SCO arranged a deal in June in which the Linux litigator would buy back all 40,000 of BayStar's preferred...
[September 29, 2004, 9:25]
SCO puts limit on its legal payments
News Another bright spot was in August, when SCO closed a contentious transaction with BayStar Capital, which had arranged a $50m investment in 2003. BayStar had balked more than once. The SCO Group, committed to an expensive legal attack against Linux...
[September 1, 2004, 9:25]
SCO and BayStar still fighting
News The SCO Group and BayStar Capital, the fund that arranged a crucial $50m (£27m) investment in the Linux litigator, haven't settled their disagreements after all. SCO and BayStar appeared to have buried the hatchet in June, announcing a deal under...
[July 26, 2004, 9:10]
SCO allowed to delay IBM trial
Talkback Finally, is it actually SCO v Linux, or Baystar v Linux? And who put Baystar up to it in the first place? OK, so Judge Kimball has confirmed that there is indeed difficulty over Novell/SCO unix copyright so that is one major missile in SCO's attack...
[June 14, 2004, 12:06]
SCO reports poor results
News Earlier this month, SCO reached an agreement with BayStar Capital, under which the company would pay $13m in cash and 2.1m in shares to retire all series A-1 convertible preferred stock held by BayStar.
[June 10, 2004, 16:40]
BayStar settles differences with SCO
News BayStar Capital, the firm that arranged a $50m (£27m) investment in the SCO Group but then sought to get its money back, has settled its disagreement with a deal to sell its preferred shares to SCO. BayStar didn't immediately respond to requests...
[June 2, 2004, 9:00]
BayStar buys more of SCO
Talkback What do Baystar know that the rest of us don't? Are Sco's fixed assets worth more than their business or is everybody's favourite behind this, after all another $20 is small change to him? And what of SCO's bona fide customers, are they to be...
[May 12, 2004, 20:12]
BayStar buys more of SCO
News The Royal Bank of Canada has sold two-thirds of its investment in the SCO Group to co-investor BayStar Capital, giving the hedge fund more power in its search for major changes at the Unix company. In October, RBC invested $30m (£16.9m), and...
[May 10, 2004, 12:35]
SCO lays off staff to boost balance sheet
News Stowell said the move wasn't influenced by the urging of one of SCO's major investors, BayStar Capital, which earlier in April said SCO should drop its Unix product business and pay more attention to its legal case against Linux.
[May 5, 2004, 9:05]
BayStar wants management changes at SCO
Talkback Are Baystar exerting pressure to ratchet up SCO's legal forays at M$ behest. SCO's actions are not designed to right a wrong but to attempt to milk the situation and profit from other's efforts. Methinks mischief.
[April 23, 2004, 20:56]
Who Shot Darl McBride?
Talkback Good article, but there's one more hypothesis you and BayStar should consider. I seriously doubt that BayStar is involved in monkey business of any sort. The point of SCO's shtick isn't to win lawsuits, it's to have lawsuits in play.
[April 23, 2004, 20:36]
Who Shot Darl McBride?
Talkback there is a lot of both ,god and common sense in this article.and sure the lesson is non only fr SCO and baystar, the lesson is for all that business men working as managers on a public company.
[April 23, 2004, 11:40]
