SCO Group Files For Bankruptcy; Delisted From Nasdaq
Published by Fred Soto • December 27th, 2007
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Wel, sort of.
The SCO group filed for Chapter 11 bankruptcy and will be delisted from Nasdaq and trading suspended as of this morning.
The SCO Group, Inc. (”SCO”) (Nasdaq: SCOX - News), a leading provider of UNIX® software technology and mobile services, today announced that it received a Nasdaq Staff Determination letter on December 21, 2007 indicating that as a result of having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Nasdaq Listing Qualifications Panel has determined to delist the company’s securities from the Nasdaq Stock Market and will suspend trading of the securities effective at the open of business on Thursday, December 27, 2007.
Fred Soto is an Attorney and Entrepreneur from the Silicon Valley.
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