SCO Shares Fall 8% on Delay in IBM Case
Shares of SCO Group Inc., the software maker seeking royalties from Linux users, fell 8% after a federal court in Utah temporarily suspended the pretrial exchange of information in SCO’s lawsuit against IBM Corp.
Federal Magistrate Brooke Wells ruled that SCO Group hasn’t provided Armonk, N.Y.-based IBM with enough information about its copyright infringement claims. Wells ordered that the data-gathering process be halted for 30 days until the information was provided.
Shares of Lindon, Utah-based SCO fell $1.32 to $15.27 on Nasdaq. Shares of IBM, the world’s second-largest software maker, rose 56 cents to $91.20 on the NYSE.
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