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To read comments to this article, go here
SCO Statement on Canopy Settlement
Friday, March 11 2005 @ 10:40 PM EST

How weird is this? SCO is putting out a statement [moved; now here] about the Canopy-Yarro settlement before the litigants have. Somebody wants the world to know it's really, really settled and that Yarro and Mott remain with SCO on the board. I'm sure shareholders will find that *very* reassuring, after all they heard alleged about those two in the Canopy-Noorda Complaint, their Answer to the Yarro Complaint, and their Motion to Dismiss Ralph J. Yarro III as Director, not to mention the astounding corporate documents they had a chance to look over.

The wording does sound like there has been a Canopy-SCO divorce:

"SCO is pleased that the final settlement between The Canopy Group and its former management has removed any uncertainty regarding The SCO Group and SCO shares that Canopy has owned. "

Like *that* is what worried us. But notice the "has owned", past tense? So, that's a relief. I was afraid Mr. Mustard was going to run Yarro off and then conduct the lawsuit competently himself. He seems to be able to get a few things done pronto.

Stephen Shankland claims he knows what is in the settlement that hasn't been announced yet too:

Under the terms of the settlement, Yarro will receive all of Canopy's SCO shares, SCO said. In addition, Canopy paid Yarro, Mott and another former Canopy employee, Brent Christensen, an undisclosed amount of money. Yarro, Mott and Christensen have resigned from all roles at Canopy or companies Canopy invested in. Other terms weren't revealed.

So, I gather SCO has been on the phone, calling reporters with their version of events. Personally, I'd like to wait to hear from the litigants themselves.

I know what happened. SCO is doing an homage to the Keystone Kops. Or is it the gang that couldn't shoot straight? Anyway, the gang is intact. That much we know for sure.

Speaking of lawsuits settling, you have probably heard that Microsoft and Burst have settled their lawsuit too. But did you know this little detail? Take a look at BayStar's portfolio page and what do we find? Yup. Burst is on the list. Look under "I", for Instant Video Technologies, their former name. So if Microsoft shovels money to Burst as part of a settlement, why... well, well. $60 million and an ongoing licensing deal. As I live and breathe. What a small world it is, after all.

Here's SCO's statement:

**********************

SCO Issues Statement Regarding Canopy Settlement Friday March 11, 8:12 pm ET

LINDON, Utah, March 11 /PRNewswire-FirstCall/ -- The SCO Group, Inc. ("SCO") (Nasdaq: SCOXE - News), the owner of the UNIX® operating system and a leading provider of UNIX-based solutions, today issued the following statement by the Company's president and CEO, Darl McBride, regarding the recently announced settlement by The Canopy Group and its former management.

"SCO is pleased that the final settlement between The Canopy Group and its former management has removed any uncertainty regarding The SCO Group and SCO shares that Canopy has owned. As SCO's largest shareholder, we look forward to Ralph Yarro's continued leadership and guidance as chairman of the SCO board. We also look forward to Darcy Mott's continued participation as a SCO board member. We believe that SCO will benefit from their long-term view of SCO's shareholder value."

About SCO

The SCO Group (Nasdaq: SCOXE - News) helps millions of customers in more than 82 countries to grow their businesses everyday. Headquartered in Lindon, Utah, SCO has a worldwide network of more than 11,000 resellers and 4,000 developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit http://www.sco.com.

SCO and the associated SCO logo are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX is a registered trademark 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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