SCO Group files for Chapter 11

Linux watchers take note, The SCO Group, a Unix shop known for its Linux litigation, filed for Chapter 11 bankruptcy on Friday. SCO plans to maintain all normal business operations throughout the bankruptcy proceedings and plans to use the cash flow from their consolidated operations to meet capital needs during the reorganization process. The company has suffered some major setbacks in the courts lately. The U.S. District Court recently ruled that Novell, not SCO, owned Unix's intellectual property.

For all the details on the SCO Group bankruptcy:
- read the article in eWeek