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[19 Oct 2009 | No Comment | 487 supporters]
The SCO Group Announces Strategic Plan and Management Change

The SCO Group, Inc., (Pink Sheets: SCOXQ) a leading provider of UNIX(R) software technology, today announced a restructuring plan following an analysis of the company’s operations and cost structure undertaken by Chapter 11 Trustee, Edward Cahn and his advisors.
The company expects to finalize details of the restructuring and to reach cash flow breakeven for core operations within the next month. The savings are a combination of non-workforce related changes and a modest reduction in SCO’s workforce. As part of the restructuring, the company has eliminated the Chief Executive Officer and …