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

05.30.10

Ron Hovsepian’s Scorecard

Posted in Finance, Novell, Ron Hovsepian at 1:57 am by Dr. Roy Schestowitz

Auto katollaan

Summary: Now that Novell is a dead company walking it’s time to say something about the tens of millions of dollars Ron Hovsepian made for his failure and betrayal of his suppliers

LAST week we wrote about Novell’s results (more here), emphasising that Novell is on its route to being acquired almost for sure. Here are some more new articles that agree with it:

Novell’s Buyout Valuation Looks Promising – cbl

No room for another ‘other’ OS choice

The news that Novell has thrown in the towel and is seeking as immediate a trade buy as it can suggests that ultimately there can only be one Linux game in town – and it wears a rouge cap, shall we say.

Novell’s sales down as it prepares to sell up

The Wall Street Times newspaper reported earlier this month that Novell is in talks with as many as 20 potential acquirers, most of which are private equity firms. In March 2010, Novell rejected a bid from Elliott Associates, saying it undervalued the company.

Novell struggles through Q2

Novell has reported a $12m drop in net income for the second quarter of 2010 from the same period last year. Novell reported net revenue of $204m for the quarter, compared with net revenue of $216m for the second fiscal quarter of 2009.

Novell publishes second quarter figures

Novell’s CEO Ron Hovsepian has not an impressive scorecard. He should watch that someone who offered Ballmer "the egg treatment" for this type of failure [1, 2]. Hovsepian has earned a lot of money for himself (in excessive bonuses he did not deserve), but he is leaving Novell in the dust having sold GNU/Linux down the river. We are seeing Novell’s last months now and employees are probably brushing up their resumes.

Here is belated coverage of what was possibly Novell’s latest and very last public event where it pitched ‘clouds’ rather than “open source” or “Linux”.

Novell came back to Europe for the first time in five years to hold its BrainShare conference in Amsterdam last week. Besides the launch of the long-awaited version 4 of its Identity Manager (IM4) product line, Novell also clarified its approach to cloud computing.

Novell founder Drew Major moved on to other things (more here).

Move now lists its headquarters in Irvine, California, although it apparently still has operations in American Fork, Utah, where the firm has been based since its founding by Novell founder Drew Major.

What would he say about Novell today? Did Ron Hovsepian do his job well? the outcome suggests he didn’t. Hovsepian’s legacy is the destruction of Novell.

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

A Single Comment

  1. JohnD said,

    May 30, 2010 at 7:07 pm

    Gravatar

    Roy,
    You should probably remove your link to the computerweekly financial “analysis”. They are confusing numbers, while net revenue is down 12million from prior year, net income INCREASED by about 4 million. Also net income for the first half of 2010 is about 14 million higher than 2009. Say what you will about Ronnie’s business decisions, but Novell is actually in better financial shape than it was when he took over.

What Else is New


  1. Ruling Against 'Abstract' Software Patents is Already Derailing Patent Attacks on Linux and Free Software

    Patent litigation against Android/Linux impeded by the introduction of arguments that cite the Supreme Court



  2. Links 30/7/2014: Chris Beard as CEO of Mozilla

    Links for the day



  3. New Optimism in the Age of Doubt Over Software Patents

    As the tide turns against software patents, even in their country of origin, their opponents come out of the woodwork to celebrate



  4. Links 28/7/2014: New Linux RC, Plasma 5 Live in Kubuntu

    Links for the day



  5. Links 27/7/2014: KDE 4.14 Beta 3, KDE 4.14 Beta 3 Released

    Links for the day



  6. Apple and Microsoft Are Proprietary Software Companies and the Media Should Stop Openwashing Them

    New examples where proprietary software giants are characterised as FOSS-embracing and FOSS-friendly by gullible or dishonest 'journalists'



  7. Bloomberg's Microsoft Propaganda

    Bloomberg delivers 'damage control' and PR ahead of the layoffs announcement; Microsoft uses Nokia to hide it and Bloomberg helps Microsoft by radically modifying headlines



  8. Frequency of Browser Back Doors in Microsoft Windows is Doubling

    The vulnerabilities which Microsoft tells the NSA about (before these are patched) are significantly growing in terms of their numbers



  9. FUD Entities Entering the FOSS World

    Symantec enters the AllSeen Alliance and Sonatype is once again trying to claim great insecurity in FOSS due to software licensing



  10. Groklaw Back in the Wake of ODF in the UK?





  11. Links 26/7/2014: New Wine, Chromebooks Strong Sales

    Links for the day



  12. Links 25/7/2014: GOG With GNU/Linux, Ubuntu 14.04.1 LTS

    Links for the day



  13. Links 24/7/2014: Oracle Linux 7; Fedora Delays

    Links for the day



  14. Valerie Strauss Explains Why Gates Foundation's Lobbying for 'Common Core' (Privatisation) is a Swindle That Makes Microsoft Richer

    Continued criticism of the Gates Foundation's lobbying and masquerading, with more journalists brave enough to highlight the corruption



  15. USPTO Officially Sets New Guidelines to Limit Scope of Software Patents in the United States

    Even patent lawyers finally acknowledge that the incentive to file software patent applications has been reduced, as the scope of patents on software has been noticeably narrowed and they are harder to acquire, let alone enforce in a courtroom



  16. UK Government Adopts OpenDocument Format (ODF) and Microsoft Already Attacks the Government Over It, Showing Absolutely No Commitment to Open Standards

    Only "Microsoft as the standard" is the 'standard' Microsoft is willing to accept, as its response to the Cabinet Office's judgment reveals



  17. Microsoft Layoffs of 2014

    Another quick look at Microsoft's horrible state of affairs and why it has virtually nothing to do with Nokia



  18. Links 22/7/2014: Linux 3.16 RC 6, New UberStudent

    Links for the day



  19. Links 20/7/2014: Jolla in India, Mega Censored in Italy

    Links for the day



  20. Longtime Mono Booster Joins Microsoft-linked Xamarin

    Jo Shields almost joins Microsoft, settling instead for its proxy, Xamarin



  21. Linux Foundation Welcomes Patent Aggressor Red Bend Software

    The Linux Foundation's AllSeen Alliance welcomes as a member a company that uses software patents to sue Free/Open Source software



  22. Matt Levy From Patent Progress (and CCIA) Does Not Really Want Patent Progress

    Matthew ('Matt') Levy moved into a foe of patent progress last year, but he still runs a site calls Patent Progress, in which he diverts all attention to patent trolls (as large corporations such as Microsoft like to do)



  23. Attacking FOSS by Ignoring/Overlooking Issues With Proprietary Software

    The biasing strategy which continues to be used to demonise Free/Open Source software (FOSS) along with some new examples



  24. Links 19/7/2014: CRUX 3.1 is Out, CyanogenMod Competes With Google Now

    Links for the day



  25. Microsoft's Massive Layoffs Go Far Beyond Nokia; Nokia's Android Phones Axed by Microsoft's Elop

    Microsoft's rapid demise and permanent exit from Nokia's last remaining Linux platform (after Microsoft had killed two more)



  26. Patents on Software Already Being Invalidated in Courts Owing to SCOTUS Ruling on 'Abstract' Patents

    The Federal Circuit Appeals Court has just "invalidated a software patent for being overly abstract," says a patents expert



  27. OpenSUSE 'Community' is Crumbling, AttachMSFT Killed SUSE's Potential (Except as Microsoft Tax)

    Not much too see in the land of SUSE and Attachmate, or formerly the company known as Novell



  28. Links 18/7/2014: Slackware Turns 21, Spotify Switches to Ubuntu

    Links for the day



  29. Links 16/7/2014: Manjaro 0.8.10 Third Update, SIA Migrates to Red Hat

    Links for the day



  30. Microsoft's Latest Round of Massive/Bulk/Large-scale Layoffs

    Microsoft boosters are preparing 'damage control' pieces ahead of massive layoffs at Microsoft


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