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. Microsoft Essentially Sends Malware to Windows and Bricks It

    Microsoft is once again bricking Vista 7, demonstrating lack of reliability or very low quality programming



  2. Microsoft Lays Off Staff, Cheapens Labour as More Companies Are Dumping Microsoft's Lock-in, NSA-Friendly Services, and Windows

    A look at some of Microsoft's latest woes, including an appeal for cheaper labour amid decrease in business



  3. Links 19/12/2014: Robolinux 7.7.1 LXDE, Red Hat Thriving

    Links for the day



  4. Another Microsoft Partner Markets Linux FUD Using Logo, Name, and Lies

    Microsoft's partner Alert Logic is trying to label a feature of Linux a security flaw and even makes marketing buzz for it



  5. Redmonk is Spreading Black Duck's Anti-GPL Talking Points After Payments From Black Duck, Microsoft

    CBS' ZDNet spreads the GNU-hostile narrative which comes from Redmonk, funded by Microsoft and Black Duck, citing Black Duck, which also comes from Microsoft and is a partner of Microsoft



  6. 'Good' Software Patents From EA Show Cases Where DRM is a Patent Infringement

    Where two evils collide the public benefits, or how some software patents discourage the use of DRM



  7. Richard Stallman: What Does It Mean for Your Computer to Be Loyal?

    New article from Richard Stallman



  8. Links 18/12/2014: LinuxQuestions.org Polls, Fedora for POWER

    Links for the day



  9. Links 16/12/2014: Google and ODF, Civilization: Beyond Earth Comes to GNU/Linux

    Links for the day



  10. Bill Gates' Pet Troll Intellectual Ventures is Collapsing as Founder Quits

    Intellectual Ventures founder leaves after an exceptionally large round of layoffs, despite [cref 77299 recent subsidies from Sony and Microsoft]



  11. Keeping Software Patents Out of Europe Following the Demise of Software Patents in the US

    Instability in the EPO seemingly prevents further expansion of patent scope, which is the subject of scrutiny of EPO staff



  12. Links 15/12/2014: OSI 2014 Annual Report, GPLv2 Court Test

    Links for the day



  13. Links 14/12/2014: Calligra 2.9 Beta, Krita 2.9 Beta

    Links for the day



  14. Software Patents Are Dying in the US, But Patent Lawyers Refuse to Admit It

    Patent lawyers continue to distort the reality of software patents' demise in the United States



  15. Links 13/12/2014: Android Wear “Lollipop”, European Commission and FOSS

    Links for the day



  16. Time to Take Microsoft Out of British Aviation Before Planes Crash Into Buildings

    London's mighty Heathrow Airport among those affected by a Microsoft-reliant air traffic control system which is not being able to properly recover from an outage, and not for the first time either



  17. News From France and Germany: Battistelli Under Fire, But Not Fired Yet, Just Firing His Opposition

    The régime headed by Benoît Battistelli and his criminal deputy continues to overthrow or pressure out everyone who is not 'loyal' to the régime



  18. Links 12/12/2014: Linux++, KDE Frameworks 5.5.0, Calligra 2.8.7

    Links for the day



  19. The USPTO is Broken: New Evidence Presented

    The scope of patents, as evidenced by some statistical figures and individual patents, shows that the USPTO is broken and must be reformed or dismantled



  20. US Patent Reform (on Trolls Only) More or Less Buried or Ineffective

    An update on efforts to reform the patent system in the United States, including the possibly imminent appointment of Michelle Lee to USPTO leadership role



  21. Software Patents in Canada Not Dead Yet

    Canada's patent status quo increasingly like that of the United States and Canadian giants like BlackBerry now pose a threat to software developers



  22. Dreaming of a Just Christmas: When a Third of EPO Walks Out to Revolt and European Judges Attack the EPO Over Abuses

    Information about the abuses of Battistelli et al. at the EPO are finally receiving wider coverage and increasing the strain on Battistelli's authoritarian reign



  23. Links 11/12/2014: Red Hat Enterprise Linux 7.1 Beta, Firefox 35 Plans

    Links for the day



  24. Ubuntu Core Announcement is Not About Microsoft and Hosting Ubuntu on Azure is Worse Than Stupid

    The power of media spin makes the idea of hosting Free software under the control of an NSA PRISM and back doors partner seem alluring



  25. France Gets Involved in Battistelli's Abuses in the EPO - Part XII (Updated)

    The EPO scandal has officially spilled over to France, where a French Senator got involved and starts asking serious questions



  26. Rolling of Heads Likely Imminent at EPO

    The European patent system is shaking as management breaks the rules, staff is protesting against the management every week, and charges of corruption resurface



  27. Links 11/12/2014: systemd 218, Empire Total War

    Links for the day



  28. Links 10/12/2014: Fedora 21, Ubuntu Core

    Links for the day



  29. Links 9/12/2014: Fedora 21 and Torture Report Are Out

    Links for the day



  30. Exclusive: The Enlarged Board of Appeal Complains About Battistelli's Corrupt Management to the Administrative Council (Updated)

    Text of the complaint from the Enlarged Board of Appeal (EBoA) reaches Techrights, demonstrating just how rampant the abuse in Battistelli's EPO has become


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