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Special Forums News, Links, Events and Announcements UNIX and Linux RSS News Novell Objects to Yarro's Proposed Loan to SCO Post 302399288 by Linux Bot on Saturday 27th of February 2010 02:15:09 AM
Old 02-27-2010
Novell Objects to Yarro's Proposed Loan to SCO

I'm sure this was expected. Novell opposes SCO's Trustee's Motion for PostPetition Financing to essentially have Ralph Yarro and unnamed others provide SCO a loan to keep the corpse breathing long enough to make it through trial, I suppose, and I expect we may see more oppositions filed:
02/26/2010 - 1065 - Objection Novell's Opposition to the Trustee's Motion for PostPetition Financing (related document(s) 1051 ) Filed by Novell, Inc., SUSE Linux GmbH (Greecher, Sean) (Entered: 02/26/2010)

We're working on a chart, showing the new plan compared to the York plan that was not accepted earlier. We should have it by later tonight or early tomorrow, and I'll comment more fully then. Meanwhile, I know you want to read the latest.
Update: Are they kidding with this plan? They are putting all SCO's hopes on the litigation, with the loan apparently to fund SCO until it can get there, but look at the results:
9. The real beneficiaries of the risk are the holders of the Debtors' equity, including Mr. Yarro, who Novell believes is a major shareholder. Both the Debtors and now the Trustee have been willing to risk the creditors' recovery essentially for the benefit of equity. If the litigation thrives, equity stands to profit. If the case miscarries (or even enjoys only limited success), however, equity largely is no worse off than it was before the chapter 11 cases were filed.
Look at footnote 5, where Novell explains just one aspect of the proposal:

5 For sake of example, if the Debtors were to win the $5 billion judgment from IBM that they have demanded, and if SNCP actually lent $2 million to the Debtors, SNCP's Loan Fee would be $330 million for making this $2 million loan. Even assuming a judgment against IBM much more consonant with the boundaries of possibility, let alone reality, say, $50 million, SNCP would get, in addition to its interest, a "loan fee" of $3 million for its $2 million loan, plus all fees and expenses of SNCP (with any fees and expenses in excess of $50,000 further diluting the Litigation Proceeds).
Loan up to $2 million, get back $330 million? Are they kidding? Who *are* these people that they even dare to make such an offer in public?

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uname(1)							   User Commands							  uname(1)

NAME
uname - print name of current system SYNOPSIS
uname [-aimnprsvX] uname [-S system_name] DESCRIPTION
The uname utility prints information about the current system on the standard output. When options are specified, symbols representing one or more system characteristics will be written to the standard output. If no options are specified, uname prints the current operating sys- tem's name. The options print selected information returned by uname(2), sysinfo(2), or both. OPTIONS
The following options are supported: -a Prints basic information currently available from the system. -i Prints the name of the platform. -m Prints the machine hardware name (class). Use of this option is discouraged. Use uname -p instead. See NOTES section below. -n Prints the nodename (the nodename is the name by which the system is known to a communications network). -p Prints the current host's ISA or processor type. -r Prints the operating system release level. -s Prints the name of the operating system. This is the default. -S system_name The nodename may be changed by specifying a system name argument. The system name argument is restricted to SYS_NMLN characters. SYS_NMLN is an implementation specific value defined in <sys/utsname.h>. Only the super-user is allowed this capability. This change does not persist across reboots of the system. Use sys-unconfig(1M) to change a host's name per- manently. -v Prints the operating system version. -X Prints expanded system information, one information element per line, as expected by SCO UNIX. The displayed information includes: o system name, node, release, version, machine, and number of CPUs. o BusType, Serial, and Users (set to "unknown" in Solaris) o OEM# and Origin# (set to 0 and 1, respectively) EXAMPLES
Example 1 Printing the OS name and release level The following command: example% uname -sr prints the operating system name and release level, separated by one SPACE character. ENVIRONMENT VARIABLES
See environ(5) for descriptions of the following environment variables that affect the execution of uname: LANG, LC_ALL, LC_CTYPE, LC_MES- SAGES, and NLSPATH. SYSV3 This variable is used to override the default behavior of uname. This is necessary to make it possible for some INTERACTIVE UNIX Systems and SCO UNIX programs and scripts to work properly. Many scripts use uname to determine the SYSV3 type or the version of the OS to ensure software is compatible with that OS. Setting SYSV3 to an empty string will make uname print the following default values: nodename nodename 3.2 2 i386 The individual elements that uname displays can also be modified by setting SYSV3 in the following format: os,sysname,node,rel,ver,mach os Operating system (IUS or SCO). sysname System name. node Nodename as displayed by the -n option. rel Release level as displayed by the -r option. ver Version number as displayed by the -v option. mach Machine name as displayed by -m option. Do not put spaces between the elements. If an element is omitted, the current system value will be used. EXIT STATUS
The following exit values are returned: 0 Successful completion. >0 An error occurred. ATTRIBUTES
See attributes(5) for descriptions of the following attributes: +-----------------------------+-----------------------------+ | ATTRIBUTE TYPE | ATTRIBUTE VALUE | +-----------------------------+-----------------------------+ |Availability |SUNWcsu | +-----------------------------+-----------------------------+ |Interface Stability |Standard | +-----------------------------+-----------------------------+ SEE ALSO
arch(1), isalist(1), sys-unconfig(1M), sysinfo(2), uname(2), nodename(4), attributes(5), environ(5), standards(5) NOTES
Independent software vendors (ISVs) and others who need to determine detailed characteristics of the platform on which their software is either being installed or executed should use the uname command. To determine the operating system name and release level, use uname -sr. To determine only the operating system release level, use uname -r. Notice that operating system release levels are not guaranteed to be in x.y format (such as 5.3, 5.4, 5.5, and so forth); future releases could be in the x.y.z format (such as 5.3.1, 5.3.2, 5.4.1, and so forth). In SunOS 4.x releases, the arch(1) command was often used to obtain information similar to that obtained by using the uname command. The arch(1) command output "sun4" was often incorrectly interpreted to signify a SunOS SPARC system. If hardware platform information is desired, use uname -sp. The arch -k and uname -m commands return equivalent values; however, the use of either of these commands by third party programs is dis- couraged, as is the use of the arch command in general. To determine the machine's Instruction Set Architecture (ISA or processor type), use uname with the -p option. SunOS 5.11 17 Sep 2003 uname(1)
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