SCO and BayStar - Again, For Real This Time, SCO Says It's a Done Deal

Wednesday, August 25 2004 @ 01:08 PM EDT

Contributed by: PJ

Once again, SCO says the BayStar deal has closed. I seriously doubt they would put out this notice if BayStar had not agreed this time.

I did ask the SEC, but they refused to comment. How, then, I asked, are investors supposed to evaluate? It is clearly relevant to a decision they might make as to whether to invest. Ask your broker, I was told. But he won't know either, I pointed out. Read the filings, she said. "All we care about is whether they make the appropriate filings." Well. That explains a lot, huh?

No doubt we'll find out more about this at SCO's next teleconference, now scheduled for August 31. They will discuss 3rd-quarter results, and add:

"In conjunction with the release, the company will also host a conference call that same day at 5:00 p.m. (EDT) or 3:00 p.m. (MDT) to discuss the Company's results as well as update the investment community on several important corporate developments."

Here is the press release about BayStar.


The SCO Group Reconfirms Closing of Repurchase Transaction Between SCO and BayStar Capital

Wednesday August 25, 11:51 am ET

LINDON, Utah, Aug. 25 /PRNewswire-FirstCall/ -- The SCO Group, Inc. (Nasdaq: SCOX - News) confirmed again today that the repurchase transaction between SCO and BayStar Capital closed on July 21, 2004 as previously announced on July 23, 2004. BayStar requested and has now received its stock certificate for 2,105,263 shares of SCO common stock and $13 million in cash in accordance with the terms of the Stock Repurchase Agreement between SCO and BayStar dated May 31, 2004. Effective as of the closing, all of BayStar's 40,000 shares of Series A-1 Convertible Preferred Stock were cancelled and are no longer issued and outstanding.

For more information on the original press announcement, see

About SCO

The SCO Group (Nasdaq: SCOX - News) helps millions of customers in more than 82 countries to grow their businesses everyday. Headquartered in Lindon, Utah, SCO has a worldwide network of more than 11,000 resellers and 4,000 developers. SCO Global Services provides reliable localized support and services to partners and customers. For more information on SCO products and services, visit

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