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| SCO Board Member Iacobucci Announces He is Leaving |
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Wednesday, February 28 2007 @ 03:57 AM EST
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SCO's press release about their board member Ed Iacobucci's notice that he will not be standing for reelection to the board accompanies an 8K dated February 21 saying the same thing. SCO describes itself in the press release this time like this: The SCO Group (Nasdaq: SCOX - News) is a leading provider of UNIX software technology and mobile services, offering SCO OpenServer for small to medium business, UnixWare for enterprise applications, and Me Inc. for mobile services....SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to UNIX-based system software providers.
Headquartered in Lindon, Utah, SCO has a worldwide network of thousands of resellers and developers. Here they both are, for the record. -- MathFox
Press Release
The SCO GROUP Announces Board Member Not Standing for Re-Election
Tuesday February 27, 4:05 pm ET
LINDON, Utah, Feb. 27 /PRNewswire-FirstCall/ -- The SCO Group, Inc. (Nasdaq: SCOX - News), a leading provider of UNIX-based solutions and mobile services, today announced that Ed Iacobucci, President and CEO of DayJet Corp., will not stand for re-election on The SCO Group's Board of Directors. Mr. Iacobucci informed the Company that current and future time constraints relating to his outside obligations, including his duties at DayJet, require him to discontinue his service on the Board, at the conclusion of the Company's Annual Meeting, which is currently scheduled for April 26, 2007. Mr. Iacobucci has served as a member of The SCO Group's Board of Directors since January 2000.
During his tenure on SCO's Board of Directors, Mr. Iacobucci has served on SCO's Compensation Committee and Litigation Oversight Committee.
"We would like to thank Ed for his service and contributions as a director of the Company and wish him well in his future endeavors," said Ralph Yarro, III, Chairman, The SCO Group.
"I have appreciated the association with Ed over the years and his guidance and direction as a member of the Company's Board," said Darl McBride, President and CEO, The SCO Group, Inc. "His service to SCO during the past seven years has been invaluable and we wish him great success in his continued responsibilities with DayJet."
"I appreciate the time that I have had to serve on The SCO Group's Board of Directors," said Mr. Iacobucci. "I have always felt strongly that the future health of our commercial software industry lies in its ability to protect the value of the intellectual property it develops -- I continue to value the importance of SCO's strategy and business direction and wish them success in the future."
About SCO
The SCO Group (Nasdaq: SCOX - News) is a leading provider of UNIX software technology and mobile services, offering SCO OpenServer for small to medium business, UnixWare for enterprise applications, and Me Inc. for mobile services. SCO's highly innovative and reliable solutions help millions of customers grow their businesses everyday, from SCO OpenServer on main street to UnixWare on Wall Street, and beyond. SCO owns the core UNIX operating system, originally developed by AT&T/Bell Labs and is the exclusive licensor to UNIX-based system software providers.
Headquartered in Lindon, Utah, SCO has a worldwide network of thousands of resellers and developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit www.sco.com.
SCO, SCO OpenServer, Me Inc., and the associated SCO logo, are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX and UnixWare are registered trademarks of The Open Group. All other brand or product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
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FORM 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The SCO Group, Inc. (the “Company”) today announced that on February 21, 2007, Edward E. Iacobucci notified the Company’s board of directors that he will not stand for re-election as a director of the Company at its next annual meeting of stockholders, which is currently scheduled for April 26, 2007. Mr. Iacobucci informed the Company that current and future time constraints relating to his outside obligations, including his duties as President and Chief Executive Officer of DayJet Corp, require him to discontinue his service on the Company’s board of directors. Mr. Iacobucci has served as a director since January 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 27, 2007
THE SCO GROUP, INC.
By: /s/ Bert B. Young
Name: Bert B. Young
Title: Chief Financial Officer
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| Authored by: T.H. on Wednesday, February 28 2007 @ 04:03 AM EST |
| With clicky links please :) [ Reply to This | # ]
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| Authored by: T.H. on Wednesday, February 28 2007 @ 04:04 AM EST |
| If any :) Welcome back PJ!! [ Reply to This | # ]
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| Authored by: phantomjinx on Wednesday, February 28 2007 @ 04:49 AM EST |
| . [ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, February 28 2007 @ 05:20 AM EST |
| "In fact, as weird technology ties go, one of the investors in Eclipse is
Microsoft Chairman Bill Gates. In the 1990s, when Iacobucci was
Citrix's CEO, Gates' Microsoft tried to crush Iacobucci's then-baby company. But
Citrix is now a big company run by a different CEO." - USA TODAY 4/25/2006 [ Reply to This | # ]
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- IBM connection - Authored by: Anonymous on Wednesday, February 28 2007 @ 06:59 AM EST
- Follow the money - Authored by: Anonymous on Wednesday, February 28 2007 @ 03:03 PM EST
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| Authored by: GriffMG on Wednesday, February 28 2007 @ 06:25 AM EST |
I think this is the clearest sign yet that they don't expect to be in business
much longer.
The way I see it, these highly paid board members don't want to be left with
bouncing paychecks in a few months - better to be away earning megabuck
elsewhere before the cash runs out.
I pity the regular employees, the customers and the suppliers to SCO - the only
winner will be the legal team, who have their dosh ringfenced.
B-(
---
Keep B-) ing[ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, February 28 2007 @ 07:23 AM EST |
No more money to compensate with and litigation is failing.
Time to go.
It might be interesting to track these CxO/BOD guys to see
what other companies they serve on and how those companies
operate.
[ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, February 28 2007 @ 07:37 AM EST |
As UNIX is a registered
trademark of The Open Group,
would it be more accurate to say,
"SCO owns the
Sys V variant of the UNIXTM operating system".
But I guess we can't
expect anything better from SCO.
[ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, February 28 2007 @ 09:01 AM EST |
<Quote>
SCO has a worldwide network of thousands of resellers and developers.
</Quote>
Will ALL SCO Unix Resellers and Developers please stand up to be counted.
Don't all rush now...
[ Reply to This | # ]
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| Authored by: minkwe on Wednesday, February 28 2007 @ 10:35 AM EST |
Some history: The following article was on The Register on 2000/01/11.
http://
www.theregister.co.uk/2000/01/11/sun_sco_novell_citrix_put/
Sun, SCO, Novell, Citrix put bucks into Caldera
Caldera Systems
has received a $30 million investment from Sun, SCO, Citrix, Novell, Egan
Managed Capital, and Chicago Venture Partners. Sun's move is seen to be a
positive acceptance that Linux is less harmful to Sun's future than Windows, and
that when it comes to performance, Sun still expects Solaris to shine. The
non-participation by Intel (which did fund the Red Hat, SuSE and TurboLinux
distributions) can be put down to Caldera's legal case against Microsoft, which
made Intel nervous. Wintel may be a bit battered, but it still flies - and
there's a limit as to just how much sand can be thrown in Microsoft's face. The
Citrix investment is linked to the company's desire to encourage access to any
application on any platform with any device, while SCO sees any initiative that
brings Linux and Unix together as a good thing. Novell of course wants to create
new platform options that detract from Windows. John Egan will join the
Caldera Systems' board, as will Ed Iacobucci, chairman of Citrix. Caldera
now has the opportunity to carry out some major software developments, and s
likely to be less market-hungry than Red Hat or Corel, which brings us to this
thought: who better to buy with all that cash than Corel? Corel's Linux has been
well-received, and the WordPerfect suite still remains the sine qua non for many
users.
---
"Corporate views on IP law might be described
as similar to a 2-year-old's concept of who gets to play with all the toys
regardless of who brought them" -- PJ [ Reply to This | # ]
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| Authored by: Anonymous on Wednesday, February 28 2007 @ 01:40 PM EST |
Ed Iacobucci is a former IBM'er. As I recall he was the 3rd line development
manager for OS/2.
Last time, I meet with him, he was starting up a new company called
"Citrix"(circa 1990). At the time they were trying to multiuser OS/2
at that stage.
I really didn't see the point of joining them when Unix + X11 workstations were
far ahead in that department. Eventually they switched over to adding multiuser
capability into variants of Windows NT and became successful.
As for myself, I'm the original author/designer/creator & coder of the
modern Systems Stress Tests for modern operating systems. (Ed's Iacobucci's
worst Nightmare.) My designs eventually became the dominant testing mechanism
for ALL versions of OS/2, and nearly all M$ windows variants (NT, W2K, XP,
Vista).
The first attempt to ship OS/2 out the door died on the operating table. IBM/M$
attempts to pass the stand alone component stress test programs failed
miserably. IBM & MS ended up scraping most of that initial code base and
started over.
FYI to SCO, I became a Real-time Unix guru AFTER I created and delivered the OS
stress test technologies to IBM & M$. [ Reply to This | # ]
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| Authored by: tlill on Wednesday, February 28 2007 @ 06:22 PM EST |
"I have always felt strongly that the future health of our commercial
software industry lies in its ability to protect the value of the intellectual
property it develops -- I continue to value the importance of SCO's strategy and
business direction and wish them success in the future."
Sounds a little hypocritical to be saying this when SCO's legal strategy is
about limiting the value of IBM's intellectual property that IBM developed using
IP that SCO has not developed itself.
Even if it can prove that Copyright passed to OldSCO without a written
conveyance, no one has even mentioned that a written conveyance exists
transferring it from OldSCO to SCO - or did I miss something?[ Reply to This | # ]
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