Karma

[unixronin]

The judge ruled today that Novell, not SCO, owns the Unix copyrights.  SCO stock tanked almost 80% in about fifteen minutes.

Comments

[robhansen]

Of course, for them a near-80% stock slide amounts to thirty-six cents.

The more I read about economics, the more I think the Efficient Markets hypothesis is a pretty good approximation of reality. As new information enters the market, the market adjusts at its maximum possible rate.

In the information age, the adjustment rate is measured in a significant fraction of c. :)

[unixronin]

Heh :)

[docstrange.livejournal.com]

Tarantella stock owners at last get their schadenfreude!

[unixronin.livejournal.com]

Actual exchange, long ago on bitmines, right after the first seriously-bad-for-SCO ruling:

<Alaric> Is it still schädenfreude if it's SCO's misery that you're reveling in?
<ang> Yes, but it's the *good* kind.

[mrakg.livejournal.com]

SCO's arrangement with their attorneys has essentially pre-paid the appeal. I suspect that they will appeal because the LHC went online. :)

[unixronin.livejournal.com]

And didn't destroy SCO. Dang. I KNEW there was a bug somewhere in that geotargeted strangelet generation code...

[lebo-superman.livejournal.com]

I'm lost. What does the LHC have to do with this stock?

[mrakg.livejournal.com]

The LHC is as relevant to their stock and case as anything ELSE they've brought up in court.

[perspicuity.livejournal.com]

quick, buy them for a dollar and fire everyone ;)

#

[attutle.livejournal.com]

Their stock has been under $1 since August 2007. Why haven't they been de-listed yet?

[unixronin.livejournal.com]

Damned if I know. The antics of the stock market would almost be more comprehensible to me if it operated by witch-doctors dancing around a stock ticker sprinkling chicken blood on stock portfolios with a feather.

[guppiecat]

They are de-listed.

When they were listed, their ticker used to SCOX. They changed to SCOXQ when they went into bankruptcy. Then, when they got delisted, it went to SCOXQ.PK, meaning that they've been Pink Listed. So they're not really on the exchange, but since they're still technically a public company and people can still technically trade them, their values are tracked on sites like Yahoo Finance. It's not the same as being on the NYSE, though.

[unixronin.livejournal.com]

Thankee for the explanation.