[ale] Red Hat sues SCO

[Transam]

On Tue, Aug 05, 2003 at 03:22:09PM -0400, John Marasco wrote:
> Transam wrote:

> >This URL is of Red Hat's filed lawsuit against SCO for fraud, unfair
> >business practices, etc. and asserts that SCO has knowingly falsely
> >claimed that Linux contains trade secrets (proprietary Unix code
> >owned by SCO).

> >Red Hat is asking for a jury trial and treble damages.  I read the
> >suit and it has satisfied me that SCO has absolutely no claim and
> >that nobody should be concerned about using Linux code.  Further,
> >that Red Hat will pursue this and obtain a court decision that will
> >forever put this question to rest.

> >    http://lwn.net/images/ns/rh-complaint.pdf


> >Best regards,

> >Bob Toxen

> ....some thoughts....

> The best way to make companies pay for blatent valuation manipulation is 
> to short their stock...pass the word...

I disagree.  The best way to make companies (and execs) pay for fraud,
illegal stock manipulation, etc., is with criminal and civil action
against them.  Assuming they have any assets and the case is strong,
there is a high probability of success and they are publicly punished.

The stock market right now is far too volatile and the investment
cash far too high for shorting the stock to be valuable.  Further, it
would not put to rest the issue of whether SCO can harm Linux users.

> If the Red Hat claim has merit then Red Hat would have done better 
> shorting $1,000,000 in SCO stock to cover their damages.  The lawsuit 
> will reap little as SCO is basically broke...

> This is a good time to make some money yourself if you feel so certain 
> that SCO is manipulating their stock...

Interesting idea.  Still, I cannot see buying stock in such a sleazy
(in my opinion) company.

> If you don't have the money to open a brokerage account then get 
> together a group of friends and do so...if you can't trust people in the 
> open source community then who can you trust?

> Any "profits" can always be donated back to the OSF...if you are just 
> too liberal to stomach the idea of capital gains.  After all, you are 
> only taking money from people betting against Linux, right?

> In any case, to kick things off I'm in at 12.61.  Wish me luck...

I think that you are missing the point that SCO appears to be slandering
Red Hat and Linux and Red Hat is -- quite rightly -- seeking a legal remedy.
I've already had a question from one of my large clients asking if they
are at risk from a suit from SCO using Linux.

Bob
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