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Whatever drama is going on at Novell in the boardroom — where the company is apparently soliciting takeover offers from up to 20 different prospective buyers — it has spilled over into the company's financial results.
Novell’s latest quarterly financial results, revealed today, were a mixed bag for the SUSE Linux provider. Novell made progress in some areas. But didn’t really thrive in others. Where does the company go from here? The answers will likely surface at the Novell BrainShare. Here are the details.
Novell’s board of directors is facing a pair of symbolic deadlines: The VAR Guy thinks Novell will need to somehow address the pending private equity takeover bid by Elliott Associates before the BrainShare conference starts March 21 in Salt Lake City, Utah and before Red Hat announces quarterly results on March 24.
WITH abysmal results and no major deal since the last quarterly report, Novell is clearly headed nowhere, whereas Red Hat - by contrast - carries on growing, so it's a Novell issue, not a GNU/Linux issue.
Novell expects to evaluate initial takeover bids for the company this week, according to The Wall Street Journal. As many as 20 companies have expressed interest in Novell, the Journal said. Of course, The VAR guy has his own opinion of the situation. Here it is.
While Novell's report yesterday that its quarterly Linux revenue soared 22 percent year-over-year was a positive note, and one that was expected, the real upshot of the company's earnings report was that every other part of its business sank.