BayStar invests in publicly traded companies with a mechanism called a PIPE--private investment in public equity. While Microsoft has used PIPEs in the past, a BayStar representative said Microsoft apparently hasn't ever participated in a BayStar PIPE and certainly didn't participate in the SCO investment.
BayStar Capital entered the open-source spotlight last week with its $50 million investment in the SCO Group, which is embroiled in legal wrangling over Linux and Unix with IBM and Red Hat. What the companies didn't say so loudly, though, is that $30 million of BayStar's investment in SCO was from the Royal Bank of Canada, according to a Thursday regulatory filing with the U.S. Securities and Exchange Commission. BayStar itself invested the remaining $20 million.
SponsoredWhite Papers, Webcasts, and Downloads
- The Impact of Virtualization Software on Operating Environments VMware Today's use of virtualization technology allows IT professionals to ... Download Now
- The True Costs of Virtual Server Solutions VMware In an economic environment that is repeatedly heralding the message "do ... Download Now
- Three Steps You Need to Know to Stop Data Loss Varonis Sensitive data exposed to misuse or loss... it is the stuff of nightmares ... Download Now
- Talkback
- Most Recent of 6 Talkback(s)
- Thread View
- Flat View
- Royal Bank of Canada invests in SCO
- I think we are witnessing another form of capitalism, which may be perceived as a strategy to support Microsoft. Microsoft is a key business partner for banks.
No different than Royal Bank (or any other firm) outsourcing their IT development to India as opposed to hiring local talent.... (Read the rest) - Posted by: datasmith Posted on: 11/19/03 You are currently: a Guest | Log in | Terms of Use
the Canadians should mind their business!
screaming silence | 10/21/03
|
Canadians
Yabai | 10/21/03
|
Canadian Clarification
robocoder | 10/21/03
|
|
Business decision
Rich3800@... | 10/21/03
|
|
Linux users incensed over Royal Bank SCO investment
mgifford | 10/23/03
|
|
Royal Bank of Canada invests in SCO
datasmith | 11/19/03
|
What do you think?
Premier Vendor Content Whitepapers, webcasts & resources from our Power Center Sponsors
- Learn more about tools to grow your business
-
The Business Essentials Guide provides you useful tools and templates to help grow your business and save you time with automated shipping solutions.
- Save time with the UPS Business Essentials Guide
- New Online Dashboard for IT Leaders
-
Read about top issues IT decision-makers face every day, plus get cost-effective solutions to real-life IT problems.
- Learn more >>
- Microsoft Dynamics CRM Online - Free Six-Month Trial for Eligible Organizations
-
Microsoft Dynamics CRM Online provides fast online access, simple contact management and better sales performance for a low monthly cost - the best value on the market today.
- Learn more about the free, six-month trial offer>>
White Papers, Webcasts, and Downloads
- The Impact of Virtualization Software on Operating Environments VMware Today's use of virtualization technology allows IT professionals to ... Download Now
- The True Costs of Virtual Server Solutions VMware In an economic environment that is repeatedly heralding the message "do ... Download Now
- Three Steps You Need to Know to Stop Data Loss Varonis Sensitive data exposed to misuse or loss... it is the stuff of nightmares ... Download Now
Enterprise Applications
- Check out some of the easiest and most powerful ways to boost productivity while saving money on your application infrastructure. See ZDNet's comprehensive Enterprise Application resource center, now!
- New Online Dashboard
-
- Read about top issues IT decision-makers face every day, plus get cost effective solutions to real life IT problems. Oracle Topline
-
