SCO has a buyer, pending bankruptcy approval

Linux & Open Source News Alert This newsletter is sponsored by Meru Networks Live Webcast - 802.11n best practices Is 802.11n the Beginning of The End of Wired Ethernet? Register today for this Live Nov. 1 Webcast and get the inside information on when and how 802.11n will be deployed in the enterprise market, its real-world performance results, deployment advice, best practices and much more. Click here to register for this Live Webcast now. LinuxWorld's Linux and Open Source News Alert, 10/26/07 LinuxWorld.com Feature Story SCO has a buyer, pending bankruptcy approval October 25, 2007 Embattled SCO Group is offering the bankruptcy court a deal it could be hard to refuse. The company has received an offer of $36 million from JGD Management for its business and intellectual property. JGD Management, a current debtor of SCO, is an investing arm of York Capital Management, which owned more than 91,000 shares of SCO stock from March 2005 to September 2006. The offer is for "assets relating to its Unix operating system, and certain related claims in litigation, as well as certain transfer, cross-license and related agreements pertaining to the Hipcheck product line and Me Inc. Mobile intellectual property owned by Me . . . all tangible personal property, supplies, computers, printers, equipment, furniture, fixtures, goods and other similar assets . . . all trade names, trademarks, service marks and service names relating to the Unix Business and . . . all customer and client lists, vendor lists, catalogues and data," according to the filing. Executive Guide: Stay ahead of the data growth curve Get real-world advice on how to best deal with the explosion of data across nearly every enterprise today. This informative executive guide offers IT professionals detailed information on new technologies such as ILM and FANs, specific pitfalls to avoid when deploying ILM, as well as solid case studies. Download This Executive Guide The amount includes a cash payment of $10 million, $10 million to fund continuing litigation with Novell and IBM, $10 million or as much as a 20% interest in the event of a favorable judgment in litigation, and $6 million for SCO's OEM agreement with Me, a mobile applications vendor. (Read more) More Linux news Asian governments driving demand for open source October 25, 2007 Asian governments are pivotal to Red Hat's goal of earning 60 percent of its revenue from outside the United States by the end of 2009, said Matthew Szulik, the company's chairman, CEO and president, in a conference call on Thursday. Governments in the region are beginning to see open source as a boost for their economies and a way to increase technological innovation in the region, Szulik said. The governments of South Korea, Japan, Australia, and China have been "positive spokespeople" for the growing adoption of Linux and open source software in the region, he added. (Read more) Mozilla rushes to fix regression bugs in Firefox October 24, 2007 Mozilla Corp. will rush another version of Firefox to users as early as next week, the company's user interface designer said Tuesday, to fix five bugs it introduced in last Wednesday's security update. (Read more) LinuxWorld Podcast Hardware for the long tail: Peter Semmelhack October 23, 2007 Your favorite new embedded Linux device probably doesn't exist yet, because the economics of hardware makes small production runs prohibitively expensive. A New York startup is making a snap-together platform and development tools to give entrepreneurs the ability to create custom devices with cameras, GPS, wireless, and more. (13:46) (Listen)

Contact the author: Don Marti is editor of LinuxWorld.com. This newsletter is sponsored by Meru Networks Live Webcast - 802.11n best practices Is 802.11n the Beginning of The End of Wired Ethernet? Register today for this Live Nov. 1 Webcast and get the inside information on when and how 802.11n will be deployed in the enterprise market, its real-world performance results, deployment advice, best practices and much more. Click here to register for this Live Webcast now. BONUS FEATURE IT PRODUCT RESEARCH AT YOUR FINGERTIPS Get detailed information on thousands of products, conduct side-by-side comparisons and read product test and review results with Network World’s IT Buyer’s Guides. Find the best solution faster than ever with over 100 distinct categories across the security, storage, management, wireless, infrastructure and convergence markets. Click here for details. PRINT SUBSCRIPTIONS AVAILABLE You've got the technology snapshot of your choice delivered to your inbox each day. Extend your knowledge with a print subscription to the Network World newsweekly, Apply here today. International subscribers, click here. SUBSCRIPTION SERVICES To subscribe or unsubscribe to any Network World newsletter, change your e-mail address or contact us, click here. This message was sent to: networking.world@gmail.com. Please use this address when modifying your subscription. Advertising information: Write to Associate Publisher Online Susan Cardoza Network World, Inc., 118 Turnpike Road, Southborough, MA 01772 Copyright Network World, Inc., 2007