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. 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



  2. 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



  3. 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



  4. 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



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

    Links for the day



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

    Links for the day



  7. 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



  8. 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



  9. 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



  10. More Microsoft Layoffs

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



  11. ODF on the Rise

    Milestones for OpenDocument Format (ODF) and the launch of FixMyDocuments



  12. Links 17/9/2014: CoreOS, ChromeOS, and systemd

    Links for the day



  13. Italy is Cracking Down on Microsoft's Monopoly Abuse While Gradually Moving to GNU/Linux

    Italy is not only moving to Free/Open Source software but also to GNU/Linux while at the same time barring Microsoft from forcibly tying Windows to new PCs



  14. OpenSUSE's 'Assurances' Are Classic MBA School Hogwash

    OpenSUSE is not part of any commitment, except for SUSE's; the impact of the Novell/SUSE acquisition casts uncertainty on the project's future



  15. Links 16/9/2014: Firefox OS Smartphones in Bangladesh, “Treasure Map” of the Internet

    Links for the day



  16. The United Kingdom Should Dump Microsoft For the Sake of National Security

    The UK has issues of Microsoft dependency and Windows viruses; its migration to Free software and GNU/Linux is not fast enough to guard its autonomy in the age of digital imperialism



  17. CBS Hires Even More Microsoft Staff to Cover Microsoft Matters

    CBS continues to be infested with Microsoft staff past and present (this time Dave Johnson) and the bias in output is quite revealing



  18. Microsoft Has Just Killed Minecraft for GNU/Linux and the Possibility of Free/Open Source Releases

    Persson sells out to Microsoft and lets the abusive monopolist destroy the popular cross-platform game that a community has been built around



  19. Another Reason to Boycott Intel UEFI

    More anti-competitive aspects are revealed inside UEFI, which helps merginalise GNU/Linux



  20. Quick Mention: Novell and SUSE Passed to Microsoft's 'Partner of the Year', Microsoft Focus

    Novell is changing hands again, and falling into the hands of even more Microsoft-friendly actors



  21. Links 16/9/2014: Linux 3.17 RC5, KDE Frameworks 5.2.0

    Links for the day



  22. Željko Topić, Benoît Battistelli, and the European Patent Office (EPO): Part II

    Part II of our look into the EPO appointment of Željko Topić and other matters showing the dubious integrity of the EPO



  23. Links 14/9/2014: Android-based Watches Earn Optimism

    Links for the day



  24. Links 14/9/2014: Eucalyptus Devoured

    Links for the day



  25. Links 11/9/2014: Linux Toilet Project, Linux-Based Wheelchair Project

    Links for the day



  26. Links 10/9/2014: Brian Stevens in Google, Ubuntu 14.10 Expectations

    Links for the day



  27. Links 9/9/2014: Hating/Loving Linux, Android Aplenty

    Links for the day



  28. Links 8/9/2014: Linux 3.17 RC 4, Switzerland Welcoming Snowden

    Links for the day



  29. Suspicion of High-Level Corruption at the European Patent Office (EPO): Part I

    The European Patent Office (EPO) Vice-President has a background of corruption and his appointment to the EPO too is believed to be reliant on systemic corruption



  30. Links 6/9/2014: Core OS at DigitalOcean, Women in Xorg

    Links for the day


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