Profile

unixronin: Galen the technomage, from Babylon 5: Crusade (Default)
Unixronin

December 2012

S M T W T F S
      1
2345678
9101112131415
16171819202122
23242526272829
3031     

Most Popular Tags

Expand Cut Tags

No cut tags
Tuesday, March 30th, 2010 09:27 pm

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

Wednesday, March 31st, 2010 02:25 am (UTC)

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. :)

Wednesday, March 31st, 2010 01:44 am (UTC)
Tarantella stock owners at last get their schadenfreude!
Wednesday, March 31st, 2010 01:55 am (UTC)
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.
Wednesday, March 31st, 2010 02:02 am (UTC)
SCO's arrangement with their attorneys has essentially pre-paid the appeal. I suspect that they will appeal because the LHC went online. :)
Wednesday, March 31st, 2010 02:20 am (UTC)
And didn't destroy SCO. Dang. I KNEW there was a bug somewhere in that geotargeted strangelet generation code...
Wednesday, March 31st, 2010 01:18 pm (UTC)
I'm lost. What does the LHC have to do with this stock?
Wednesday, March 31st, 2010 01:25 pm (UTC)
The LHC is as relevant to their stock and case as anything ELSE they've brought up in court.
Wednesday, March 31st, 2010 02:18 am (UTC)
quick, buy them for a dollar and fire everyone ;)

#
Wednesday, March 31st, 2010 09:18 am (UTC)
Their stock has been under $1 since August 2007. Why haven't they been de-listed yet?
Wednesday, March 31st, 2010 12:09 pm (UTC)
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.
Wednesday, March 31st, 2010 01:58 pm (UTC)
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.
Wednesday, March 31st, 2010 04:16 pm (UTC)
Thankee for the explanation.