this group's reactions to scox news surprises me

August 7, 2006

walterbyrd

I have followed other stocks besides scox. In the case of just about any other stock, if the share price went up 30% in under an hour, the board would be going nuts about it.

With scox, it's hardly even worth discussing. Ho-hum, they must be manipulating the price again. Even the trolls don't get excited.

10:09:01 PM


Re: this group's reactions to scox news surprises me

ruidh

August 7, 2006

>> I have followed other stocks besides scox. In the case of just about any other stock, if the share price went up 30% in under an hour, the board would be going nuts about it. <<

It's not like there are any longs here. We all know the real value of SCOX. Any day's closing price above zero is just a random number.

>> With scox, it's hardly even worth discussing. Ho-hum, they must be manipulating the price again. Even the trolls don't get excited. <<

Someone bought in today, probably on a bet. Manipulation is when the price moves on tiny trades. Volume means someone is buying or selling. Today someone was buying.

10:17:59 PM


Re: this group's reactions to scox news surprises me

hamjudo2000

August 7, 2006

I've been fooled so many times before, that I'm waiting for the 8K before I start seriously analyzing today's news.  We don't even know which way the cash is flowing here yet.

It could be that today's announcement is so immaterial, that SCOX doesn't need to file an 8K.  They need to file an 8K to talk about Negris's departure. They'll probably lump it all together to obscure the details.

Strange coincidence that they did all this stuff in the first week of the 4th quarter.  That means they won't need to file detailed information about these transactions until the 10-K is released at the end of January 2007.  If these transactions took place 7 days ago, they'd have to be reported in the 10-Q that is due in mid-september 2006.  They get 45 days to prepare a 10-Q after the end of Q1, 2 and 3 and 90 days to prepare the 10-K for the end of the fiscal year.  What could be so embarrassing that they would want to delay reporting the details for nearly 6 months?

10:25:17 PM 


Re: this group's reactions to scox news surprises me

walterbyrd

August 8, 2006

>>
Someone bought in today, probably on a bet. Manipulation is when the price moves on tiny trades. Volume means someone is buying or selling. Today someone was buying.
<<

Good point. I suppose it could also have to do with shorts covering due to limit orders being met. I suspect that scox, and certain funds, have planned this for weeks. The market makers who work for the funds know where the limit orders are placed.

I am still not ruling out manipulation. Massive manipulation is often accompanied by hype press releases. Before this, scox had not had any press releases since July 17th. Then about six press releases and the big spike.

7:28:26 AM


If EdgeClick and ME were not scox, would they have a chance?

walterbyrd

August 8, 2006

I don't care much for a technology meant to spam everybody with voicemail. But, frankly, I don't know if EdgeClick is a bad idea. A framework to develop mobile apps could be useful. Mobile devices are becoming more prevalent.

I can't imagine anybody doing significant business with scox. Unless you have legacy SCO apps, or you are trying to FUD Linux with a scam lawsuit. Other than that, who wants to do business with a litigation machine that's dedicated to suing their own customers for no good reason? Also, a company that is dedicated to going bankrupt?

7:39:03 AM


Re: If EdgeClick and ME were not scox, would they have a chance?

MathFox

August 8, 2006

"I don't know if EdgeClick is a bad idea. A framework to develop mobile apps could be useful."

It's not a bad idea, there are several companies that make a good living from similar offerings. Sending text and/or voice messages automaticly is established technology. I am not excited by the technology and SCOX would have a chance to make some money out of it over a 3-4 year period. The best thing that could happen to this platform is a spin-off to an innovative small company after SCOX bankruptcy.

7:47:32 AM


Re: If EdgeClick and ME were not scox, would they have a chance?

crunchie812

August 8, 2006

<< The best thing that could happen to this platform is a spin-off to an innovative small company after SCOX bankruptcy. >>

More likely they plan to spin it off before then,  to give a nice payday to Yarro and Pals, and perhaps to stave off bankruptcy and prolong the life of the lawsuit/FUD machine.  Just a variation on the PIPE Fairy routine.

Where did ME and EdgeClick come from? They seem to have come out of nowhere. I strongly doubt that they were concieved and developed at tSCOG, which has been laying off developers regularly, had  to merge Openserver with Unixware to cut support costs, and can barely maintain the pretense of supporting their Unix business.

tSCOG has shown zero prior interest, let alone expertise, in mobile computing and the hardware/software architectures that support it. Santa Cruz was an x86 shop for all of its existence, and Caldera's Linux business was almost all x86 as well.

EdgeClick/ME sound like the type of thing the old Canopy might have invested in as a tech incubator. Perhaps it was something that Canopy was looking at prior to the purging of Yarro.

My guess is that the developers were shopping this stuff around, and could find no takers, other than tSCOG.  I just can't picture someone with a viable, attractive technology taking it to tSCOG by choice.

10:44:10 AM


Re: If EdgeClick and ME were not scox, would they have a chance?

MathFox

August 8, 2006

"The best thing that could happen to this platform is a spin-off to an innovative small company after SCOX bankruptcy. "

"More likely they plan to spin it off before then,  to give a nice payday to Yarro and Pals, and perhaps to stave off bankruptcy and prolong the life of the lawsuit/FUD machine.  Just a variation on the PIPE Fairy routine."

The bankruptcy administrator will take a look at the transactions SCOX did in the years leading to the bankruptcy, a close look at the bigger transactions. If he feels that SCOX sold for less than a fair price, he'll undo the transaction. MAD could be sold for more than it's worth, but then the administrator will object to BoD windfalls. (And we'll have another lead to the PIPE fairy.)

It would be interesting to see the web of contacts behing SCOX, I hope that the bankruptcy case will shine some light there.

11:11:25 AM


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