SCO files for Chapter 11 bankruptcy protection

Rejoice ...

No business strategy is more time-honored than using a sleepy Friday afternoon to drop some seriously bad news on investors, and SCO has followed the old playbook to the letter. At 3:21pm this afternoon, SCO sent a press release across the wire announcing that it has filed for Chapter 11 bankruptcy protection. That sound you hear is the giddy chuckling of Linux devotees across the globe.

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