02.28.07

Gemini version available ♊︎

Novell Distributes Wealth of Job Cuts

Posted in Finance, Novell at 10:46 pm by Dr. Roy Schestowitz

Novell is expecting quite a large sum of money from last year’s jobs cuts.

Business software maker Novell Inc. said on Wednesday it expects charges of $35 million to $45 million for job cuts and facility closures that began in last year’s fourth quarter.

[...]

Novell has already taken some $150 million in restructuring charges over the past five years, but Chief Executive Ron Hovsepian has said restructuring efforts have failed to realize their full potential in boosting profitability.

So, Ron Hovsepian thought that ‘protection money’ from Microsoft would help, all the expense of the Free Software community. It may be too late to act naive. Novell swallowed a bug in order to give its stock a little boost. As a result, companies became Microsoft’s victims of extortion, although it happens behind the scenes.

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

2 Comments

  1. Stephen said,

    March 1, 2007 at 5:33 am

    Gravatar

    Novell’s malaise extends far beyond their entry into the opensource foray. Now really, everyone should recognise that. To put the MS/Novell deal as a root cause of that is naive in the extreme. If you look at the balance sheets of late you’ll see nothing but a series of reported numbers showing the growth of Linux-based products, though clearly not enough to keep the shareholders happy – that’s a different matter.

    This news has NOTHING to do with the Microsoft deal – the impact of that won’t be seen for months to come, perhaps not even until the end of this year.

  2. Roy Schestowitz said,

    March 1, 2007 at 4:49 pm

    Gravatar

    Well, the transition from a sales-based model to a subscription/support model tends to change the rules. Novell can only hope to catch up with Red Hat, which has reputation on the servers.

    Meanwhile I notice that Novell has struck a deal…

    Microsoft Windows ousted at California school district

    By this summer, all 5,000 students and 250 teachers will be working off of a Linux-based thin client running OpenOffice.org, and the majority of the district’s servers will be running Novell SUSE Linux Enterprise Server.

    http://searchopensource.techtarget.com/originalContent/0,289142,sid39_gci1245710,00.html

DecorWhat Else is New


  1. Visual Proof That Twitter Very Likely Faked Its Magnitude the Moment Musk et al (KSA, Ellison and so on) Wanted to Buy

    There's a very compelling case for the allegation that Twitter is defrauding shareholders and participants in the platform; Twitter is a lot smaller than it used to be (fewer people are actively involved), it is losing money, and it is so desperate to be acquired that it's shamelessly faking traffic



  2. Links 27/05/2022: Wayland 1.21 Alpha, KDE Adds Flatpak and Snap Permissions to Discover

    Links for the day



  3. IRC Proceedings: Thursday, May 26, 2022

    IRC logs for Thursday, May 26, 2022



  4. Links 27/05/2022: Many More Microsoft Security Failures (and Spin/Lies)

    Links for the day



  5. Links 26/05/2022: KStars 3.5.9 and Chrome 103 Beta

    Links for the day



  6. Links 26/05/2022: AlmaLinux OS 9.0, MooseX::Extended for Perl Introduced

    Links for the day



  7. Links 26/05/2022: Kernel Events and Systemd-Free GNU/Linux Distributions

    Links for the day



  8. Links 26/05/2022: DuckDuckGo Increasingly Exposed as Microsoft Proxy

    Links for the day



  9. EPO Celebrates Software Patents Again, Dubbing Them 'Hey Hi' (AI) and '4IR'

    The ludicrous state of the EPO is demonstrated by yesterday’s puff piece about “four million” (merely requests for monopoly in Europe; most come from outside Europe) and L’Oréal, which claims to have “invented” something that was already done in the 1990s if not the 1980s



  10. [Meme] EPO's Monkey Business: Lowering the Patent Examination Bar

    As we shall show in a moment, EPO President António Campinos has lowered the quality of patents and applications; sooner or later he might outsource the job to ‘livestock’



  11. IRC Proceedings: Wednesday, May 25, 2022

    IRC logs for Wednesday, May 25, 2022



  12. Heads of Patent Offices Are Immune to Coronavirus

    The overconfident chiefs of the U.S. Patent and Trademark Office (USPTO) and EPO might love speaking about COVID-19 (in relation to patents), but they do not take it seriously themselves



  13. Links 26/05/2022: Plex Finally on GNU/Linux

    Links for the day



  14. The General Consultative Committee of the EPO Exposes a Disaster and a Lack of Genuine Dialogue

    The General Consultative Committee (GCC) at the EPO deals with unlawful proposals from António Campinos (he’s happy to violate laws, constitutions, protocols, conventions, just like Benoît Battistelli did) and once again the abuses by managers is covered up; it’s as if the Office is run by unaccountable gangsters who arrogantly curse at everyone whilst insisting they’re the nicest people ever



  15. The Latest Letter to Josef Kratochvìl and the Heads of Delegation of the Administrative Council of the European Patent Organisation

    A week-old letter from the Central Staff Committee (CSC) to the Administrative Council of the European Patent Organisation highlights the nature of a crisis; there's no genuine dialogue and staff of the EPO (i.e. the scientists who do all the actual work) is constantly under attack



  16. [Meme] The Recordings Must Have Accidentally Been Lost While Breaking the Rules

    The EPO‘s “nicest” chief, Monopoly Tony, won’t even mention the recordings…



  17. Links 25/05/2022: ‘V Rising’ on GNU/Linux and Pearl Linux OS 11

    Links for the day



  18. Links 25/05/2022: Librem Tries Another Approach

    Links for the day



  19. IRC Proceedings: Tuesday, May 24, 2022

    IRC logs for Tuesday, May 24, 2022



  20. Links 24/05/2022: nginx-1.22.0 and WordPress 6.0

    Links for the day



  21. [Meme] Divine Protection

    You won’t find Monopoly Tony (António Campinos) wearing a mask at the EPO because the rules of the Office do not apply to him



  22. António Campinos and the Alicante Clique (EPO Management, Appointed Based on Nepotism Despite Lack of Qualifications) Nowadays Exploiting Kids for PR Charades

    The sick old habit of exploiting kids for Public Relations (PR) and marketing purposes is all too common at the EPO (they’re constantly exploiting “the children” to associate criticism of the EPO with demeaning the young and innocent), but the management — which enjoys nepotism and immunity rather than relevant skills — carries on today and it’s being called “inaugural”



  23. [Meme] Snake on a Plane

    The EPO‘s President ‘Monopoly Tony’ (António Campinos), whom you never see wearing a mask (none of the photo ops; he does not even socially distance himself from peers, he wears sneakers instead of masks) during the height of a pandemic, is the "f***ing president"; don’t tell him to wear one…



  24. Microsoft GitHub Exposé — Part XX — Entering Phase II

    We're about to resume the long-running series about the sick clique which ran GitHub until the assault on women became too much of a liability (among other wrongdoings and PR blunders)



  25. Links 24/05/2022: Fedora 37 Test Days and Tor Browser 11.0.13

    Links for the day



  26. Microsoft Vidal, as USPTO Director, Already Plays 'Political Cards' to Disguise and Deflect Away From the Corporate Agenda

    Microsoft Vidal, another corporate pawn in charge of the world’s most dangerous patent system, is using soft-spoken defle



  27. Links 24/05/2022: WAL-G 2.0

    Links for the day



  28. IRC Proceedings: Monday, May 23, 2022

    IRC logs for Monday, May 23, 2022



  29. Unethical Advertising, Published as So-called 'Articles', in CNX Software

    As we noted earlier this year, the CNX team is looking for money in the wrong places



  30. Links 23/05/2022: Broadcom to Buy VMware?

    Links for the day


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts