April 22, 2004

BayStar: SCO needs new management

After nearly a week of silence, BayStar Capital said Wednesday its move to retrieve a $20 million investment in SCO Group is part of an effort to
induce major changes at the Linux litigator--including new senior management and a withdrawal from the Unix product business.

BayStar, whose funding in October was paired with another $30 million from the Royal Bank of Canada, said it hasn't been happy with SCO's response to
requests it has made in recent months. BayStar has invested in about 400 companies over the years, but only with SCO has it resorted to a request to
have its shares redeemed.

Link: news.com


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