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BayStar: SCO Needs New Management
Apr. 22, 2004
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Source: C|Net News
Story Link: http://news.com.com/2100-1014_3-5197398.html?tag=nefd.top
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From the 'no-kidding' dept, BayStar Capital, financial backers of the SCO Group, has come out criticizing SCO's management. "'We think they need to strengthen the senior team to get people with experience and background in the legal issues,' McGrath said. If SCO addresses BayStar's concerns, McGrath added, the investor is open to reversing its redemption request. After nearly a week of silence, BayStar Capital said Wednesday its move to retrieve a $20 million investment in SCO Group is part of an effort to induce major changes at the Linux litigator--including new senior management and a withdrawal from the Unix product business."

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