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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 currently has preferred shares worth $40m...
[June 2, 2004, 9:00]
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]
BayStar Wants Management Changes At SCO
News After nearly a week of silence, BayStar Capital said on Wednesday that its move to retrieve a $20m (£11.3m) investment in the SCO Group was part of an effort to induce major changes at the Linux litigator -- including new senior management and a...
[April 22, 2004, 12:45]
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 $30m (£16.9m), and...
[May 10, 2004, 12:35]
BayStar Wants Management Changes At SCO
Talkback Are Baystar exerting pressure to ratchet up SCO's legal forays at M$ behest. Methinks mischief. SCO's actions are not designed to right a wrong but to attempt to milk the situation and profit from other's efforts.
[April 23, 2004, 20:56]
BayStar Buys More Of SCO
Talkback What do Baystar know that the rest of us don't? Just what is happening here? This is a lot of money to risk on a foolishness! Are Sco's fixed assets worth more than their business or is everybody's favourite behind this, after all another $20 is...
[May 12, 2004, 20:12]
SCO And BayStar Still Fighting
News The SCO Group and BayStar Capital, the fund that arranged a crucial $50m (£27m) investment in the Linux litigator, haven't settled their disagreements after all. SCO and BayStar appeared to have buried the hatchet in June, announcing a deal under...
[July 26, 2004, 9:10]
BayStar's Common Shares Go On The Market
Talkback Does it make 2.2 m x 3.4 = 7.48m$ If so, it is a nice and well deserved loss compared to the original 50m$ stupidity investment.
[September 29, 2004, 9:48]
Proof Emerges Of SCO's Microsoft Link
News Investment company BayStar Capital has confirmed ties between two Linux foes, saying on Thursday that a Microsoft referral led to $50m (£27.8m) in BayStar funding for the SCO Group. Yes, Microsoft did introduce BayStar to SCO," a BayStar...
[March 12, 2004, 7:25]
Investor Wants To Pull Out Of SCO
News BayStar Capital is seeking to get back the $20m (£11.05m) it invested in the SCO Group, raising issues for SCO's expensive and controversial legal campaign that argues that Linux infringes its Unix copyrights.
[April 19, 2004, 12:20]
SCO Accepts $50m Investment
News SCO Group, the company embroiled in legal action around Linux and Unix, announced a $50m investment by BayStar Capital on Thursday, marking a reversal of plans it discussed in May. BayStar bought preferred shares that are convertible at a price of...
[October 17, 2003, 9:30]
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]
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]
Open-source Guru Claims Proof Of MS-SCO Link
News The memo suggests that Microsoft had a hand in a $50m (£27m) investment in SCO by venture capital firm BayStar Capital, something previously denied by BayStar. The BayStar investment is mentioned several times, discussed as "a Microsoft referral...
[March 4, 2004, 16:30]
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]
Microsoft Email 'misunderstood' - SCO
News Microsoft will have brought in $86m for us including BayStar," stated the email, which was posted by the Open Source Initiative on its Web site. BayStar Capital's $50m investment in SCO wasn't due to Microsoft's participation, said Blake Stowell, a...
[March 5, 2004, 7:55]
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]
Behind SCO's Open Source Challenge
Leader Immediately prior to the court case, SCO received $50m in funding from an investment company called BayStar. In the submission by BayStar founder Lawrence Goldfarb, he states that this investment followed discussions with senior Microsoft staff...
[October 10, 2006, 15:15]
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]
