[CLUE-Talk] FW: [NBLUG/talk] Microsoft agreed to buy rights to Unix technology

[G. Richard Raab]

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On Monday 19 May 2003 10:43 am, Kirk Rafferty wrote:
> On Mon, May 19, 2003 at 08:45:57AM -0600, David Willson wrote:
> > What I don't get is this: SCO's stock was $1.50 three months ago, and
> > now it's $7.50.  Isn't that rewarding bad behavior?  Don't investors
> > realize that by doing this, they are ~encouraging~ dis-honorable
> > business strategies?
>
> Sadly, no.  We live in an economy where you are only as good as your next
> quarterly predictions.  Whereas stockholders used to understand that
> earnings are a long-term prospect, and that a solid business plan was the
> important thing.  The dot-com boom conditioned modern investors (read:
> Etrade jockeys) into wanting instant gratification and quick bucks.
>
> Investors no longer care about SCO's viability as a company.  They're
> gambling that SCO's tactics work, and that they'll soon be IBM
> shareholders.  It doesn't matter to them that the fundamentals of SCO's
> "business plan" are a house of cards, it only matters that there's a chance
> of making money.  This is what's driving SCO's stock price.  If the '80s
> were the "Greed is Good" era, this must be the "Get rick quick" era.  And
> we all know how "Greed is Good" turned out.

I suspect that the stock owned by Norda and the other board members is being 
sold quietly, at this high price. I find it hard to believe that they think 
that they have a real case.

- -- 
cheers
g.r.r.
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