SCO going Chapter 11

[Bob - BLU]

Just got this email from SCO...

-------- Original Message --------
Subject: 	Important Announcement from SCO
Date: 	Fri, 14 Sep 2007 13:50:55 -0600
From: 	The SCO Group <partners-O47CVlosszw at public.gmane.org>

Dear SCO Customers and Partners,

This afternoon we took the extraordinary step of filing for Chapter 11 
protection in U.S. Bankruptcy Court to protect assets for our creditors 
and stockholders and to ensure the continuation of our normal business 
operations. This decision was not taken without extensive consultation 
with the board of directors, and many outside experts and legal counsel.

SCO intends to maintain business as usual throughout the Chapter 11 
proceedings. Subject to court approval, SCO will use the cash flow from 
its operations to meet its capital needs throughout the reorganization 
process.

Other companies such as Delta Airlines, Texaco, Dow Corning, K-Mart, 
United Airlines, Toys R’ Us, Macy’s Department Stores and others have 
emerged from Chapter 11 protection after restructuring themselves for 
success. We intend to do the same.

We value our relationship with you and want to provide the assurance 
that you can continue to order product, and receive exemplary service 
and support from us during this restructuring period.

We invite you to consult with your SCO representative if you have any 
questions or concerns.

Sincerely,

Darl McBride
President & CEO
The SCO Group


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