SCO details bleak future

Posted by Scott_Ruecker on Feb 6, 2008 10:38 AM EDT
The Register; By John Oates
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SCO has filed its latest annual report with the Securities and Exchange Commission, and it makes grim reading. The company warns that its shareholders could end with nothing because: "A plan of reorganization could result in holders of our stock receiving no distribution on account of their interests and cancellation of their existing stock." SCO is Chapter 11 - US bankruptcy protection.

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