October 22, 2003

Linux users incensed over Royal Bank SCO investment

RBC has contributed towards a US$50-million fund for the company that is suing IBM and threatening to invoice Linux users.
Some of the bank's "horrified" customers speak out

Canada's open source community is outraged over a decision by the Royal Bank of Canada to contribute towards a US$50-million investment in SCO Group.

BayStar Capital, based in San Francisco, said last Friday it has closed a private placement of non-voting Series A Convertible Preferred Shares in
SCO, with a large portion of the funds coming from RBC Capital Markets. SCO said it would use the money towards the development of software and to
help pay its legal and licensing costs.

Link: itbusiness.ca

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