SCO Drops Off The Ticker Tape
The SCO Group, the infamous — and now bankrupt — source of anti-Linux litigation against IBM and Novell lost their slot on the NASDAQ last week after a three month fight to prevent the delisting.
The company was initially notified in September that they would be delisted, but managed to hold off the action until NASDAQ could hold a hearing in the matter. The company's stock has been hovering in the low-dollar range for the past year — with a twelve month high of $2.21 — and dropped dramatically after the company filed for bankruptcy protection just days before they were to begin the trial in SCO v. IBM.
According to reports, the stock has now been picked up by an alternative exchange, but has suffered further losses, trading at $0.08, down from $0.18 on Tuesday.