SCO offers to buy employee stock

The company, best known for its legal dispute with IBM over Linux, is addressing regulatory compliance problems.

Stephen Shankland principal writer
Stephen Shankland has been a reporter at CNET since 1998 and writes about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
Expertise processors, semiconductors, web browsers, quantum computing, supercomputers, AI, 3D printing, drones, computer science, physics, programming, materials science, USB, UWB, Android, digital photography, science Credentials
  • I've been covering the technology industry for 24 years and was a science writer for five years before that. I've got deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and other dee
Stephen Shankland

The SCO Group has taken a step to address previously disclosed regulatory compliance problems by offering to buy back 312,806 shares that employees had bought from 2003 through 2005. The Lindon, Utah-based company, best known for its high-profile legal attack against IBM and others involving Linux and Unix intellectual property, disclosed the offer Thursday in a filing with the Securities and Exchange Commission.

Because it offered the shares through its employee stock purchase program without fully complying with regulations, SCO offered to buy back the stock for the original price plus interest.