Groklaw recently posted a wonderful article about the negative press that SCO is getting from their recent mishaps, including Darl McBride's truly ignorant open letter on copyright law and their recent loss in court. In the article, the point is made that Wall Street is "just beginning to get it" in regards to SCO, based on the recent reaction by various analysts and the drop in SCO's stock price.
I would argue, on the basis of this data, that the market indicates the Wall Street, in the person of the investors, understood the futility and risks of SCO's ploy a long while back. The more SCO postured, the more people bet against them in the form of selling the stock short. As of November 14th, the short interest is over 4 times the daily trading volume, which represents a huge risk for those people in (uncovered) short positions. What this means is that a lot of people with long positions in SCO are beginning to hedge their bets and that speculators are betting heavily against SCO, and that from the increase in short interest over the past 6 months, they've figured SCO was a bad bet for long term since well before the "analysts" figured out how full of crap McBride and Co. are.
Posted by brent at 10:10