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Transcript of the June Bankruptcy Hearing and SCO MOUs
Thursday, June 26 2008 @ 07:32 PM EDT

SCO has filed two monthly operating reports, one for SCO Group and one for SCO Operations. This is like watching water drain from a slow tub.

Also the transcript of the June 17 hearing is now available. And Dorsey & Whitney have submitted another bill going back to April.

From the transcript, we see the first words out of the judge's mouth, after "good morning", is about the quarterly fees: "Yes, I'm prepared to approve those." And then, after all the lawyers on the phone for the fee applications decide to leave since there is nothing for them to say, the court turns to Arthur Spector to present SCO's need for an extension of time to file a reorganization plan. "It's a pleasure to be back," Spector says, as he begins. "Good to have you back," Judge Gross responds. I believe that captures the tone of the day perfectly. I'll comment more on the transcript when we post it as text.

Dorsey & Whitney were busy bees, reviewing and revising the business plan. What business plan? I thought they can't do that until they hear from Utah. That's what Spector told the court, anyhow. What business, now that I think of it? Also I see a flurry of activity about blue sky filings in California. And here's an entry from Exhibit D:

4/25/08 - 0.85 - 85.00 - Conference with C. Peters regarding Utah filing (.5); conference call with Utah Division of Securities regarding same (.35)

And on page 16 of the filing, there is activity regarding the "Hong Kong Corporate Formation". At the end of May, I see them sending emails about it to "team and B. Young of SCO". Hmm. Hong Kong, judging from the next entry, is about Me Software Limited, and you see a notation about "status of subject company and possible dissolution of subject company." The same day there was an email "regarding deregistration".

And there is some issue regarding the 2004 stock issuance plan that shows up on page 22. "Continue work on Utah 2008 filing for 2004 stock incentive plan." And on May 14: "Prepare renewal for 1998 option plan, 1999 incentive plan and 2000 ESPP." Several references to work on "corporate matter". I gather they know we actually read these things, even if the court doesn't. Apparently a stock holder is too. On page 26, I see: "Emails with equity holder regarding fee application." More about that on May 6:

Telephone conference with UST regarding fee application and e-mails with equity holder...; telephone conference with equity holder regarding fee application...; e-mails with N. Taylor regarding equity holder...

The next page continues with that theme, with folks looking at prior applications. But there was apparently a happy ending for Dorsey & Whitney, as the next page notes nobody objected to the court. This bill, the firm's 7th, is for $17,000 and change.

Here are the filings:

505 - Filed & Entered: 06/25/2008
Certificate of No Objection
Docket Text: Certificate of No Objection (No Order Required) Regarding Eighth Interim Application of Tanner LC for Compensation for Services and Reimbursement of Expenses as Accountants to the Debtors for the Period from May 1, 2008 through May 31, 2008 (related document(s)[486] ) Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (O'Neill, James)

506 - Filed & Entered: 06/25/2008
Operating Report
Docket Text: Debtor-In-Possession Monthly Operating Report for Filing Period May 2008 for SCO Operations, Inc. Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (Makowski, Kathleen)

507 - Filed & Entered: 06/25/2008
Operating Report
Docket Text: Debtor-In-Possession Monthly Operating Report for Filing Period May 2008 for The SCO Group, Inc. Filed by The SCO Group, Inc.. (Attachments: # (1) Certificate of Service and Service List) (Makowski, Kathleen)

508 - Filed & Entered: 06/26/2008
Transcript
Docket Text: Transcript of Hearing held on June 17, 2008 before the Honorable Kevin Gross. (related document(s)[497] ) (BJM)

509 - Filed & Entered: 06/26/2008
Application for Compensation
Docket Text: Monthly Application for Compensation (Seventh) for the Period April 1, 2008 through May 31, 2008 Filed by Dorsey & Whitney LLP. Objections due by 7/16/2008. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C # (4) Exhibit D # (5) Notice) (Schnabel, Eric)


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