"We have a firm belief in SCO's technology platform and its potential to be expanded especially outside of the United States," he said. "This plan provides the necessary direction and strategy to begin moving in a positive direction."

The court document notes that SCO focused on a plan "that could be confirmed and consummated regardless of any outcome in the Novell/IBM litigation." The document also says that if the plan is not approved, the only viable options are to dismiss the Chapter 11 matter or convert to Chapter 7 bankruptcy protection.

"Neither of these alternatives is preferable to confirmation of the plan," the filing states, saying that a Chapter 11 dismissal would cause creditors to "race to the courthouse." It also acknowledged that an alternative plan could be presented if the current one is not confirmed.

The bankruptcy court filing indicated that SCO and its foreign subsidiaries and affiliates had 71 full- and part-time-equivalent employees.

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Contributing: Bloomberg News
E-mail: bwallace@desnews.com