10.24.08

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Novell’s Stock Falls Below $4

Posted in Finance, Novell at 1:39 pm by Dr. Roy Schestowitz

Novell shares fell below $4 some weeks ago and the stock has not done particularly well since then. It’s happening again today. The image below shows Novell descending below $4 in today’s trading session. Should Novell go private? █

Novell's stock falls below $4

Novell is losing

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Do-No-Evil Saturday – Part III: Novell Products with Focus on Governance

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15 Comments

Josh Bell said,

October 24, 2008 at 2:49 pm

Again this is one moment in time and it is now above $4. Why not mention that world markets are in a horrible position right now? Why not mention other public tech companies that support OSS that have done poorly as well.

Roy you may not like Novell but to continue to harp on the fact they dropped to something like 3.98 for all of 15 minutes is truly shameful.
twitter said,

October 24, 2008 at 3:15 pm

Shameful is having a share price close to what it was 11 years ago when you clearly had the staff to exploit new markets. Google, Red Hat, IBM and Apple have all been better investments despite the recent downturn. They all have business models that work and products and services people want. Every piece of M$ direction Novell follows is self destructive. M$ is big but they are obsolete and alone in a world they loath.
Gentoo User said,

October 24, 2008 at 3:30 pm

Are you the same twitter from Slashdot?

Note: comment arrived from a witch hunter that does not even use GNU/Linux.
twitter said,

October 24, 2008 at 4:59 pm

yes, come lurk with me in IRC.
Gentoo User said,

October 24, 2008 at 7:36 pm

I guess you’re everybody here as well, right?

Note: comment arrived from a witch hunter that does not even use GNU/Linux.
Anonymous said,

October 25, 2008 at 9:01 am

Look at the numbers of last 1, 2 or 6 months, Novell is doing equally well or even slightly better than Nasdaq and Dow Jones.
Roy Schestowitz said,

October 25, 2008 at 9:27 am

True. Nevertheless, it may force it to rethink its status as a public company. Bear in mind that Novell is buying back its own stock. Had it not, the stock would be worth a lot less right now (the same goes for MSFT). The NASDAQ and Dow Jones have no mechanisms like buybacks, obviously.
Needs Sunlight said,

October 25, 2008 at 10:07 am

The stock buy backs could be examined more closely. There have been several looks published suggesting that M$ makes more buying and selling its own stock than it does with Windoze and Orifice. How long ago did M$ cross over the bright line demarcating fraud from business?

M$ on its own, and via Novell, seem more a protection racket than anything else. As such, R.I.C.O. should be applicable.
Roy Schestowitz said,

October 25, 2008 at 10:22 am

There were allegations of fraud before. Microsoft squashed them by settling (twice).
Roy Schestowitz said,

October 25, 2008 at 10:23 am

Quite timely from today’s news (IDG):

http://www.pcworld.com/article/152830/.html?tk=rss_news

“Greenspan, Cox tell Congress that bad data hurt Wall Street’s computer models: Insufficient and faulty data used in risk management models contributed to the financial mess embroiling the U.S. and rippling across the globe, said former U.S. Federal Reserve Chairman Alan Greenspan.”

If the government can botch it, why not corporations?
Duke said,

October 25, 2008 at 10:21 pm

Twitter while you and Roy bicker, I’ll continue to use Novell products to protect my Windows Infrastructure, because after 8 years MS still hasn’t gotten securing a network OS right. Remember when Netware had an A2 rating from the DOD (the hightest rating available) Windows has a C2 raiting (the lowest)…what to know why? CUZ Windows and IP suck…Windows is an Application OS…not a networking OS. There is a big difference …kiddies today with no networking experience don’t realize how secure things use to be.
Anonymous said,

October 26, 2008 at 3:24 am

> Bear in mind that Novell is buying back its own stock. Had it not, the stock would be worth a lot less right now

I don’t agree, stock buybacks have only a short-term effect on the stock prizes.
Roy Schestowitz said,

October 26, 2008 at 3:45 am

Buybacks do not occur overnight. They are spread over periods of time and as far I know, Novell is still buying up its stock.

http://en.wikipedia.org/wiki/Buyback

“Another motive for stock repurchase is to protect the company against a takeover threat.“
PeterKraus said,

October 26, 2008 at 7:52 am

Duke:
I guess the point is to not use Windows at all Yes, you can no longer bypass log-in prompt by pressing escape key (Win 95,98).
aa aaada said,

November 20, 2008 at 11:01 am

“Google, Red Hat, IBM and Apple have all been better investments despite the recent downturn.”

Have you looked at their stock prices? They’ve all crashed significantly too. Take a look at the numbers and tell me which one is the best investment.

Apple:
3 months ago, ~$120
Now, ~$90

IBM:
3 months ago, ~$125
Now, ~$75

Red Hat:
3 months ago, ~$22
Now, ~$9

Novell:
3 months ago, ~$6
Now, ~$4

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