Re: Wish
From: J. L. Schilling (jlselsewhere_at_my-deja.com)
Date: 10/07/03
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Date: 7 Oct 2003 14:53:33 -0700
joe@blahblah.invalid (Joe Dunning) wrote in message news:<d%Bgb.57997$%h1.42825@sccrnsc02>...
> On 7 Oct 2003 08:30:14 -0700, J. L. Schilling <jlselsewhere@my-deja.com> wrote:
> >
> >The rise in SCO's stock price is due to the actions of capitalism in the
> >marketplace. If investors believed that SCO's case was only FUD and without
> >merit (and they've certainly heard enough opinions to this effect),
> >the stock wouldn't have stayed up.
>
> If SCO's statements turn out to be without merit then that is likely not
> capitalism at work but fraud!
No, fraud in this context would be something like a knowing
misrepresentation of earnings. Filing a lawsuit that later loses
in court would not be fraud -- by definition, any lawsuit has the
distinct possibility of losing. Investors are free to judge for
themselves whether or not the suit has merit.
> >And no matter what the reason for the rise, you can't blame SCO employees
> >for it. Do you blame Linux or people in the Linux world for the fact that
> >Red Hat and VA Linux once had astronomical prices and valuations?
>
> Their stock price rises are not comparable, because they were not a result of
> attacks on other people's intellectual property.
I wasn't saying they were comparable in that sense. I'm just saying that
employees of a company aren't responsible for irrational behavior on the
part of the market (which is not to say that the SCO rise is or isn't
rational :-).
Jonathan Schilling
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