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Msg  107304 of 108225  at  7/28/2010 3:04:59 PM  by

backinfulldistrust

 In response to msg 107296 by  El Corton
ignore topicview thread ,  thread start

Re: Upcoming events

>> Due date for notice of agenda for next omnibus hearing. Currently there are no pending matters, so the hearing may be canceled unless Cahn thinks there's something he should tell the court. <<

There is no reason whatsoever for a hearing. Trustee Edward Cahn has successfully rebuilt the Unixware business into a going concern and is currently fielding multiple multi-billion dollar offers for its sale. As has been reported, the lawsuit against Novell ended in a $350 million award, which has resulted in an extra dividend for the SC0 stockholders, and the stock price is currently at $45/share, just as a certain analyst once predicted. The IBM settlement talks are proceeding on schedule, after Judge Cahn turned down the latest IBM offer of $1.5 billion as "grossly inadequate." None of these matters need to be brought to the attention of Judge Gross*, so there will be no hearing, and . . . let's get on with our lives, why don't we?

* Currently under consideration for the next vacant SCOTUS seat.




 
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