EditorsAbout the SiteComes vs. MicrosoftUsing This Web SiteSite ArchivesCredibility IndexOOXMLOpenDocumentPatentsNovellNews DigestSite NewsRSS

05.19.10

Novell Might be Sold This Month

Posted in Finance, Novell at 4:57 pm by Dr. Roy Schestowitz

Summary: Novell is looking for buyers and takeover bids may be imminent

WE are only days away from this Web site’s 10,000th blog post and we are also days away from Novell’s latest results, which would make or break the company.

An immoral hedge fund tried buying Novell just days after the company’s previous results came out, having previously bought the minimum stake that’s required from any company/shareholder in this position. We wrote about how the hedge fund had prepared the bid for Novell in the earlier posts among the following bunch:

Reuters says that Novell is up for sale and several days ago we noticed that Paulson’s Paulson & Co (a hedge fund) bought a lot of Novell shares.

# New 25 million share stake in Novell Inc. (Nasdaq: NOVL)

This was also covered here:

Paulson has also bought 4 million shares in Boyd Gaming Corp. (BYD), 3.67 million shares of Dex One Corp. (DEXO), 3.30 million shares in Devon Energy Corp. (DVN), 6 million shares in Family Dollar Stores Inc. (FDO), 40 million shares of MGM Mirage (MGM), 11.37 million shares in Mylan, Inc. (MYL), 25 million shares in Novell Inc. (NOVL) during the March quarter.

Later on this was mentioned very briefly [1, 2] and then we found an article from the Wall Street Journal (WSJ), whose headline says “Bids for Novell Expected This Week”:

Novell Inc., which has put itself on the block, plans to accept bids from potential acquirers this week, people familiar with the matter say, kicking off a process that will likely result in a sale of the software company.

This article was co-written by Ben Worthen, a longtime Microsoft booster whom we named some years ago for his ardent, one-sided positions. Novell’s stock is very active right now (people buy and sell in preparation for the results) and the New York Times stated shortly after the WSJ that “Novell Set to Consider Takeover Bids From Suitors”

Novell’s shares rose on Wednesday on hopes that a deal for the company might be near.

So Novell is not so passive anymore. It seems to be open for bidding. “Novell Set For Higher Buyout Price,” says one investments site.

Novell Inc. (NASDAQ: NOVL) is trading higher today on hopes that a higher buyout offer will be heading its way. There is at least some caution despite the notion that the company is and has been a niche play that would be an interesting fit for many companies, but almost all indicators signal that a higher price may be headed the way of Novell.

The Register cites the Wall Street Journal and New York Times when it claims that “Novell seeks rich suitors”

It looks like Novell has formally put itself up for sale after rejecting the entreaties of a hedge fund two months ago.

According to a report in the Wall Street Journal and confirmed by a separate report from the New York Times, Novell had asked for suitors looking to eat the company to put in initial bids by the end of this week. The Journal report says that Novell’s board would then play The Dating Game, selecting some of the bidders and asking them to give their final offers at some future date.

Last week we argued that Novell had struck no major deals or contracts, so its results won’t be amazing enough to convince shareholders that there is light at the end of the tunnel. It seems highly likely that Novell will be sold soon. What would happen to SUSE, the SCO case, and UNIX ownership if Novell got sold (as a whole or in pieces)?

Share this post: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Reddit
  • co.mments
  • DZone
  • email
  • Google Bookmarks
  • LinkedIn
  • NewsVine
  • Print
  • Technorati
  • TwitThis
  • Facebook

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. Links 1/10/2014: OPNFV Goes Public, PDF Reader Pullout

    Links for the day



  2. Links 29/9/2014: OpenDaylight Helium Release

    Links for the day



  3. European Patent Office Disorganisation: Problems With the Audit Mechanisms - Part IV

    A prelude to a long article about a thug called Topić, his controversial Battistelli-sponsored appointment, and the removal of auditory functions by Battistelli



  4. More Good News About Demise of Software Patents and Along With Them, Consequently, Patent Trolls

    A weekly roundup of news about patents in the United States and elsewhere, with special focus on software patents



  5. IRC Proceedings: June 22nd, 2014 – September 13th, 2014

    Many IRC logs



  6. Links 28/9/2014: Moto X, End of OpenSUSE 11.4

    Links for the day



  7. CBS Continues to Get Heavily Occupied by Microsoft Staff to Spread Microsoft Propaganda

    The CBS-owned ZDNet continues to hire people who have worked or are currently working for Microsoft and unsurprisingly enough they use their newly-acquired positions to praise Microsoft and bash Microsoft's competition, usually with no disclosure of their conflict of interest



  8. Links 27/9/2014: Linux (Almost) Everywhere, Features Of Linux 3.17

    Links for the day



  9. Microsoft Fakes 'Charity' and Uses Religious Groups to Acquire Lock-in in the Public Sector

    Microsoft's involvements with NGOs and with governments lead to more distrust, more surveillance, less freedom, and ultimately systemic corruption



  10. Bill Gates' Privatisation Crusade

    Mr. Gates, seeking to increase his huge profits and political power, reaches out to Catholic leaders and David Christian



  11. Tux Machines Under DDOS Attack

    Most of Tux Machines continues to work as usual, but some parts are temporarily restricted to keep the server running



  12. Links 26/9/2014: LibreOffice Celebrations, Betas of *buntu

    Links for the day



  13. Links 25/9/2014: KDE Roadmap, Bash Bug, GNOME 3.14 in Next Fedora

    Links for the day



  14. Links 24/9/2014: GNOME 3.14 Released, Bash Has a Bug

    Links for the day



  15. Links 21/9/2014: Fedora 21 Alpha

    Links for the day



  16. More of Bill Gates' Investments in GMO and Mass Indoctrination Under the Disguise of 'Donations'

    Microsoft's arrogant and famously corrupt co-founder is taken to task by those whom he is trying to bamboozle for monopoly, unlimited cross-generational power, and never-ending profit without risk



  17. Home Depot Confirmed a Victim of Microsoft's Bad Security, Microsoft Lays Off Security-Related Staff

    News reports circulate showing that Home Depot was knowingly careless with its Windows dependency while Microsoft lays off staff focused on security



  18. European Patent Office/Organisation - Suspicion of Improper Collusion Between EPO President and Chairman of the Administrative Council: Part III

    A preliminary look at Battistelli's reign and how regulatory powers got abolished, leaving the EPO reckless and largely unaccountable



  19. Links 21/9/2014: xorg-server 1.16.1, Linux Kernel 3.16.3

    Links for the day



  20. Links 20/9/2014: GNOME 3.13.92, Android L

    Links for the day



  21. Scanning Patent Troll Implodes; Is the Podcasting Patent Troll Next?

    MPHJ loses and Personal Audio LLC perhaps wins for the last time since software patents are quickly losing legitimacy in the United States



  22. If CAFC is Not Above the Law, Then it Should be Shut Down Now

    A long series of abuses in CAFC may as well suggest that this court has become broken beyond repair



  23. The Latest From Microsoft Patent Trolls and Patent Partners

    Microsoft-linked and Linux-hostile trolls continue their relentless attacks (albeit with little or no success) while patents as a weapon lose their teeth owing to a Supreme Court ruling



  24. Microsoft Proves That Its Massive Layoffs Are Not About Nokia

    Microsoft is laying off a lot of employees who have nothing at all to do with Nokia



  25. Links 19/9/2014: Another Red Hat Acquisition, Netflix Dumps Microsoft Silverlight and Brings DRM to WWW

    Links for the day



  26. Links 18/9/2014: Windows Copying GNU/Linux, Germany Moves to Security

    Links for the day



  27. Web Site 'Patent Progress' Now Officially 'Powered by CCIA' (FRAND Proponent, Microsoft Front)

    After talking a job at CCIA, "Patent Progress" and its chief author should be treated as dubious on real patent progress



  28. Articles About the Death of Software Patents in the United States

    Recent coverage of software patents and their demise in their country of origin, where even proponents of software patents are giving up



  29. The Death of Software Patents is Already Killing Some Major Patent Trolls

    VirnetX seems to be the latest victim of the demise of software patents in the United States



  30. More Microsoft Layoffs

    More Microsoft layoffs go ahead as the company is unable to compete


CoPilotCo

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

CoPilotCo

Recent Posts