In Short: Full story in link above (S.C) pity SCO was a very Good Xenix Company in the 80's I sold some of there products then. Long Before Linux.
SCO Thursday lost its bid to get the jury verdict awarding Novell the Unix copyrights overturned along with its bid to get the copyrights despite the jury decision. It also lost its right to sue IBM for copying Unix code into Linux.
Unless it decides to appeal, it's all over for SCO and it's not clear SCO has the financial staying power to last through an appeal. The legal bill for another appeal is already paid; it's SCO basic viability that's in question.
A call to SCO's general counsel went unanswered. The decision ultimately rests with the bankruptcy trustee in charge of SCO.