SCO is planning a public auction of its mobile business
and Unix OpenServer business line to help finance ongoing legal
battles with the likes of Novell.
Loss-making
SCO is currently in
Chapter 11 bankruptcy and has already
lost key judgements against Novell over who owns
Unix.
It is also still pursuing claims against various firms that its
code was wrongly used in the development of
Linux.
SCO
has
asked the bankruptcy court for permission to sell off assets to
pursue its legal battles, pay off creditors and protect the
interests of shareholders and employees.
SCO said, "As part of the proposed reorganisation plan, SCO
intends to conduct a public auction to secure additional operating
funds and investment in its
OpenServer
product line as well as its mobile business.
"The company believes that the auction will maximise the value
of an asset sale and will ensure the ongoing development of these
businesses. Several investment groups have expressed interest to
SCO in acquiring assets via the public auction."
It is not clear whether SCO intends to use a 99p opening offer
on eBay or a more professionally organised auction process for the
sale of its "assets".