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04.03.09

Novell Downgraded

Posted in Finance, Novell at 1:12 pm by Dr. Roy Schestowitz

Graph down

Summary: Amtech downgrades Novell (NOVL)

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 (NOVL) is being downgraded right now. From Microsoft’s news:

Novell downgraded to Hold at AmTech Research . AmTech Research downgrades NOVL to Hold from Buy as shares approach the firm’s tgt price of $4.50.

One of Microsoft’s long-time fans wrote about this too.

Amtech analyst Brad Whitt this morning cut his rating on Novell (NOVL) to Neutral from Buy.

SLE* 11 has been released, but there is no reason or indication that this can turn things around.

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