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

05.21.10

Novell is Surrounded by Potential Buyers of the Company

Posted in Finance, Mandriva, Microsoft, Novell at 12:41 pm by Dr. Roy Schestowitz

Summary: Novell’s end as a publicly-traded company seems inevitable based on the plan to have an auction

VERY recently (earlier this week in fact) we wrote about a takeover of Novell.

Shareholders pay attention to the news and the stock is moving a lot [1, 2, 3]. This volatility is ending with Novell being down today (along with the rest of the market), having gained a little when takeover news come in and share price fluctuated.

The latest news about Novell is important enough an event to be ranked high inside the digests, especially at Reuters where the latest turn in this story seems to have begun.

As many as 20 bidders are interested in buying U.S. software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported. [ID:nN19268405]

Here are a couple more digests [1, 2].

Up to 20 bidders interested in Novell
As many as 20 bidders are interested in buying software company Novell Inc, which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported.

The original report is here and it says:

As many as 20 bidders are interested in buying software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported on Wednesday.

Resultant coverage includes:

Calls Sold on Novell Inc.

Novell Accepting Acquisition Bids: Report

As many as 20 companies are interested in acquiring software vendor Novell, and this week marks the deadline for potential buyers to submit bids, according to a published report.

Novell seeks new suitors

Novell, which put itself on the block some months ago, has sought expressions of interest from suitors by the end of the week, according to a report in the Wall Street Journal.

Report: Novell to accept bids this week for sale

Citing “people familiar with the matter,” the newspaper said a group of finalists probably will be picked from bidders whose proposals are due this week.

Novell to solicit buyout offers this week, report says

Novell Draws 20 Bidders

Novell Accepting Bids This Week: Report

Suitors Line Up For Novell

Twenty interested parties likely to bid for US software maker Novell

Novell Acquisition Bids Going Public

Up to 20 firms, mostly hedge funds, are considering trying to take over the software company.

Report: Novell accepting bids from up to 20 companies

Novell are expected to select a number of bidders as “finalists” and then hold an auction amongst that group. Novell declined to comment to the Wall Street Journal on the matter.

Based on that paragraph/sentence, it seems like a sale is inevitable.

An ex employee of Novell, Matt Asay, spins it a little with the headline “Novell: 20 chances to reinvent itself” (idioms side, hedge funds cannot invent much, except structure or liquidation).

Regardless, Novell needs to go private so that it can make the hard decisions it has been wanting to make since at least 2002, when I was there. Novell’s pressure to grow while under the fierce spotlight of Wall Street prompted its ill-fated engagement with Microsoft, which has delivered short-term revenue while destroying long-term value and goodwill within the open-source community.

The VAR Guy too defends Novell, which is expected given his relationship with the company.

Novell expects to evaluate initial takeover bids for the company this week, according to The Wall Street Journal. As many as 20 companies have expressed interest in Novell, the Journal said. Of course, The VAR guy has his own opinion of the situation. Here it is…

According to this article in French, Novell was seen as a candidate to buy Mandriva too. From the automated translation we have Novell’s CMO John Dragoon saying: “Some aspects of the company Mandriva are interesting, for sure. We have great respect for its technology, but this is not what might interest us.” The last thing Mandriva needs right now is Novell and its patent relationship with Microsoft.

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. The World is Changing and Patent Law Can Change Either for Better or for Worse

    Recent secret dealings (which are being exposed to the public owing to whistle-blowers) show the degree of coordination and collusion against public interests; it's up to us, the majority, to fight back and tackle this injustice



  2. The Latest on Patent 'Reform' in the US: GOP Media Deception, Healthwashing Patents, and SIIA Lobbying

    Techrights looks at the more prominent actors driving patent policy in the US, with budget to absorb and agenda to lobby for



  3. Newegg Uses Its Fight Against Patent Trolls for Marketing

    Comments on Newegg's fight against patent trolls in court, setting an example for other companies



  4. Microsoft Lies, Propaganda, Embedded 'Journalism' and Other Dirty Tricks to Promote Vista 10

    The Vista 10 entrapment is being sold to the public using bogus/unverified figures, Microsoft propagandists pretending to be journalists, and some gullible people who actually believe them



  5. Microsoft -- Like Bill Gates -- Bribes PBS for Propaganda to be Presented as 'TV Programme'

    Microsoft pays the supposedly 'public' network to act as courier of Microsoft marketing, shrewdly disguised as 'information'



  6. Links 2/8/2015: KDE Applications 15.08 Beta, Zorin OS 10

    Links for the day



  7. Links 1/8/2015: Steam Sale, blackPanther OS 14.1

    Links for the day



  8. Vista 10 Inherently Criminal: Vandalising the Competition (Dual Boot, Rival Web Browsers, Online Services)

    Vista 10, the latest incarnation of Windows, takes its anticompetitive aspects to a whole new level, betraying even so-called 'partners' in the process



  9. As Microsoft AstroTurfing/PR Budget Runs Dry, Vista 10 Truths Come Out

    The media manipulation by Microsoft (to the tune of hundreds of millions of dollars spent on 'marketing') grows thin as a growing number of growingly angry early adopters of Vista 10 publicly rant



  10. Links 31/7/2015: Lennart Poettering as 'Linux Hero' and systemd Conference Coming

    Links for the day



  11. Links 30/7/2015: Apache Spark on Z System, Elive 2.6.8 Beta

    Links for the day



  12. Microsoft's Mouthpiece Mary Branscombe Tries to Shoot Down Free Software, But Fails Miserably

    At the CBS-owned ZDNet, which is Free/Open Source software-hostile, new FUD surfaces, but the FUD is so flawed that a full rebuttal is easy and almost imperative



  13. People of New Zealand Must Rise Up to Defend Sovereignty and Stop Software Patents

    The TPPA serves to override (launder) the law of New Zealand, allegedly legalising patents on software in the process



  14. Microsoft Illegally Evades Billions of Dollars in Tax, Says IRS

    The criminal enterprise known as Microsoft finds itself embarrassingly exposed in the courtroom, for the IRS belatedly (decades too late) targets the company in an effort to tackle massive tax evasions



  15. Vista 10 Very Buggy Upon Release, Just as We Have Repeatedly Warned for Weeks

    Vista 10 is prematurely pushed out the door (to meet a deadline) way ahead of it being stable, even remotely polished, and supported by hardware companies (there is a serious drivers issue)



  16. Surveillance Machine With a Keylogger: Vista 10 Will Spy on the User (Over the Internet) Even While Playing Games

    Microsoft is making it clear that even playing a simple game like Solitaire on Vista 10 will make one subjected to spying (for targeted ads); other serious violations of privacy revealed upon release



  17. Links 29/7/2015: Akademy 2015 Ends, NetBSD 7.0 RC

    Links for the day



  18. MPEG-LA is Preparing New Patent Obstruction (Called DASH) Against Free Software, OIN Grows

    A new conspiracy against free multimedia software, set up by the MPEG cartel, is called DASH



  19. New Zealand's Media Gets History Wrong on Software Patents

    Setting the record straight on the fight against software patents in New Zealand



  20. Not Only Vista 10 Crashes a Lot, Any .NET Application Does Too (Updated)

    Microsoft software is quickly becoming synonymous with crashes as any piece of software developed with Microsoft's tools, not just the underlying platform, crashes chronically



  21. The Government of Bulgaria Sells Out to Microsoft, Again

    Despite some promises and reassurances that Bulgaria will consider Free/libre software, the Bulgarian government hands out a lot more of taxpayers' money to the Mafia



  22. Corporate Media Finally Finds Out That Vista 10 Crashes a Lot

    Stability issues of Vista 10 are belatedly reported to be a major catastrophe, leaving it unusable for many early adopters



  23. Links 28/7/2015: Linux 4.2 RC4, New Logos and Bug 'Branding' for FUD

    Links for the day



  24. Patents Roundup: Technicolor, Alice, Voip-Pal, Fitbit, Marijuana Patents, and JDate

    A look at some of last week's patent news, with imperative responses that criticise corporate exploitation of patents for protectionism (excluding and/or driving away the competition using legal threats)



  25. Corporate Lobbyists Including Koch-Connected Front Groups Attack Real and Perceived Patent Reform in the United States

    Looking at some of the latest propaganda for and against a bill which is already too watered-down to actually fix the US patent system



  26. Patents in the Android World Further Complicate Freedom in This Linux-Powered Platform

    A survey of last week's news with special focus on Google and Android, which are trying to coexist and thrive in a world full of patent maximalists



  27. The 'Unitary' Patent Trojan Horse Rammed Down the Throat of Europe

    Under the guise of 'unification' or 'unity', existing patent systems are being abandoned and more power gets passed to corrupt EPO officials



  28. HEVC Cartel is Not News, Only the Names of Backers and the Costs Are New

    A few remarks on and a roundup of recent articles about HEVC, which we first wrote about in spring



  29. IRC Proceedings: July 12th, 2015 – July 25th, 2015

    Many IRC logs



  30. Links 26/7/2015: Purism Librem and Freedom, Akademy Updates

    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