SCO out of NASDAQ

Nadaq stock exchange has now suspended trading of the stock of the SCO Group.

The company is currently working on reorganizing their operations under federal bankruptcy protection.

SCO has apparently lost its appeal to the NASDAQ which had earlier this year informed them about this decision to delist them from the trading because of the bankruptcy filing.

SCO had lost a major lawsuit against Novell and IBM over ownership and use of the UNIX operating system.

They are also facing trial in a U.S. District Court after losing a critical ruling in the Novell case. They could be fined big time for licensing of the UNIX system to other companies.

Popularity: 13%