[FYI] Investor dumps SCO

["Axel H Horns" <axel.h.horns@gmx.net>]

<http://www.theregister.co.uk/2004/04/16/baystar_sco/>

Investor dumps SCO

By Andrew Orlowski in San Francisco
Published Friday 16th April 2004 21:31 GMT

The major speculator backing The SCO Group's legal jihad against 
Linux wants its money back. Marin County, California-based equity 
fund BayStar Capital invested $50 million in SCO back in October, 
confident that the Utah firm had a strong legal case. Now Baystar 
says SCO has breached the agreement and wants to redeem its 
investment, which takes the form of 20,000 shares of SCO's Series A 
Convertible Preferred Stock. SCO doesn't agree, and wants to hang on 
to the cash. The terms were amended in February.

[...]



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