[FYI] Investor dumps SCO
<http://www.theregister.co.uk/2004/04/16/baystar_sco/>
Investor dumps SCO
By Andrew Orlowski in San Francisco
Published Friday 16th April 2004 21:31 GMT
The major speculator backing The SCO Group's legal jihad against
Linux wants its money back. Marin County, California-based equity
fund BayStar Capital invested $50 million in SCO back in October,
confident that the Utah firm had a strong legal case. Now Baystar
says SCO has breached the agreement and wants to redeem its
investment, which takes the form of 20,000 shares of SCO's Series A
Convertible Preferred Stock. SCO doesn't agree, and wants to hang on
to the cash. The terms were amended in February.
[...]
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