http://ir.sco.com/releasedetail.cfm?ReleaseID=264124 "The SCO Group, Inc. ("SCO") (Nasdaq: SCOX), a leading provider of UNIX(R) software technology and mobile services, today announced that it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. SCO's subsidiary, SCO Operations, Inc., has also filed a petition for reorganization. The Board of Directors of The SCO Group have unanimously determined that Chapter 11 reorganization is in the best long-term interest of SCO and its subsidiaries, as well as its customers, shareholders, and employees." -- See my blog at http://snap-happy3216.blogspot.com

Do you suppose that SCO actually wanted to be driven to this situation all along? As in they saw the writing on the wall years ago and determined the fastest way to get some kind of legal protection to prolong the business was to enter this process? Maybe that's a bit cynical. They could have just been complete idiots.

You can look at it as a huge, prolonged pump-and-dump strategy on behalf of the directors, as shareholders... raise the stock price as much as possible with the threats of lawsuits, and then sell the stock, not caring what happens after that!