Old 02-05-2008, 06:20 AM Offline   #1 (permalink)



 
coolmanhiphop's Avatar
Mr. News Guy
 
Since: Nov 2007
Posts: 109,399
Rank:
Uploads: 0
eCash: $500
Thank Meter: 9973

coolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimescoolmanhiphop started pushin nickels an dimes
Rep Power: 2076
Default 10K Filing Suggests Grim Outlook for SCO

dacarr writes "SCO has filed their 10K with the SEC — and according to this, their own assessment of the company's outlook is pretty grim. As usual, PJ of Groklaw has a good synopsis of the filing highlights. In short, it boils down to one thing: unless there's a miracle, even SCO doesn't think they're going to come out of this. 'As a result of the Chapter 11 filings, realization of assets and liquidation of liabilities are subject to uncertainty. While operating as debtors-in-possession under the protection of Chapter 11 of the Bankruptcy Code, the Debtors may sell or otherwise dispose of assets and liquidate or settle liabilities for amounts other than those reflected in the consolidated financial statements, in the ordinary course of business, or, if outside the ordinary course of business, subject to Bankruptcy Court approval. In addition, under the priority scheme established by the Bankruptcy Code, unless creditors agree otherwise, post-petition liabilities and prepetition liabilities must be satisfied in full before stockholders are entitled to receive any distribution or retain any property under a plan of reorganization.'"Read more of this story at Slashdot.
</img>


More...
 
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Samsung Elec Q2 net disappoints, outlook grim (Reuters) coolmanhiphop Feeds 0 07-24-2008 07:40 PM
White House Offers Grim Outlook for Medicare coolmanhiphop RSS Feeds 0 03-25-2008 05:40 PM
Dow Plunges 300 Points on Grim Outlook coolmanhiphop RSS Feeds 0 01-17-2008 01:10 PM
RIAA Now Filing Suits Against Consumers Who Rip CDs coolmanhiphop Feeds 0 12-30-2007 06:11 AM
Filing reveals that Cognos went to IBM first (InfoWorld) coolmanhiphop Feeds 0 12-17-2007 11:50 AM


All times are GMT -8. The time now is 11:10 AM.

Archive:


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.3.2 © 2009, Crawlability, Inc.
Hip Hop Universe 2005-Forever