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

08.25.10

Novell is Up for Sale, Not Red Hat

Posted in Finance, Novell, Red Hat at 1:02 pm by Dr. Roy Schestowitz

NYSE for sale

Summary: The likelihood of Novell revealing something about a takeover increases because the financial crossroad (quarterly report) arrives within a day

NOVELL has just been upgraded for some reason, maybe in anticipation of a takeover (Novell is up for sale). Novell recently warned that it would miss expectations, but it did turn out that Novell was still in the process of selling or going private (a similar thing).

As Motley Fool put it a couple of days ago, Singer's bid is something to remember.

For instance, Novell (Nasdaq: NOVL) received an unsolicited bid from hedge fund Elliott Associates back in March. Although the company rejected the bid, the stock has continued to trade near the bid price, which is much higher than where the stock traded before. Similarly, the fund owns shares of Qwest (NYSE: Q) in light of its being bought out by CenturyLink (NYSE: CTL) for $10.6 billion in stock.

Novell will probably report poor financial results at the end of Thursday. The presentation will depend on expectations, which Novell has already adjusted by lowering them (so there is no reason to be surprised if Novell beats its already-lowered expectations, which is a trick Microsoft always uses). This outlook which covers Novell is incorrect in the sense that it says: “Novell Inc., the Waltham-based open-source software developer, reports quarterly financial results.”

As noted and shown in the previous post, Novell is a proprietary software developer, not an “open-source software developer” (that’s just how Novell markets itself through endless repetition). Here are some more outlooks for Novell [1, 2, 3, 4, 5].

Novell (Nasdaq: NOVL) and A-Power (Nasdaq: APWR) check in Thursday. The two companies are in entirely different sectors — Novell is the former networking darling while A-Power’s specialty is wind turbines — but they have one thing in common. Both are projected to post flat earnings growth Thursday.

We shall write about these results tomorrow night.

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 18/4/2014: New KDE, Kubuntu, and More

    Links for the day



  2. Some Perspective on Heartbleed®

    Our views on the whole Heartbleed® bonanza, which seems like partly a PR stunt (for multiple stakeholders)



  3. Microsoft is Leaving Windows -- Including Vista 8.1 -- Vulnerable to Non-Government Crackers, Not Only to NSA

    Microsoft makes it ever more evident that securing users of Windows is not at all a priority, and perhaps not even a desire



  4. Links 17/4/2014: Android RDP, New Ubuntu, RHEL 7 Milestone

    Links for the day



  5. Racing to 1984: Mass Surveillance, Cracking, 'Targeted' Assassinations, and Illegal Torture

    Links for the day



  6. More Microsoft Subsidies to Patent Troll Intellectual Ventures

    Microsoft hands money to Bill Gates' close friend who is the world's largest patent troll



  7. Aiding Microsoft Under the Disguise of 'Pro-FOSS'

    Not everything which is FOSS necessary becomes, by virtue of existence, a positive contribution, as we are constantly reminded by projects that help proprietary software and/or restrictions get a strong grip on FOSS



  8. Links 16/4/2014: Red Hat PR, Ubuntu LTS Imminent

    Links for the day



  9. Links 15/4/2014: Lots of PCLinuxOS Releases, Ukraine Updates

    Links for the day



  10. Apple and Microsoft Actively Lobbying Against Patent Reform in the US

    Apple and Microsoft are reportedly intervening/interfering with US law in order to ensure that the law is Free/libre software-hostile



  11. Lawsuit by Microsoft Shareholder Targets Fine for Crimes Rather Than the Crimes Themselves

    A new lawsuit by a Microsoft shareholder shows everything that's wrong with today's model of accountability, where those who are responsible for crimes are accused of not avoiding fines rather than committing the crimes



  12. Public Institutions Must Dump PRISM-Associated Software

    Another reminder that taxpayers-subsidised services should refuse, as a matter of principle, to pay anything for -- let alone deploy -- proprietary software with back doors



  13. GNU/Linux News: The Opportunities Amid XP EOL

    Links for the day



  14. Microsoft Gets Its Money's Worth From Xamarin: PlayStation 4 Now Polluted by Microsoft

    The Trojan horse of Microsoft, Xamarin, is pushing .NET into Microsoft's console competitor



  15. After Brendan Eich Comes Chris Beard

    Having removed Brendan Eich using bullying and blackmail tactics, his foes inside Mozilla achieved too little as we have yet another man (coming from inside Mozilla) acting as CEO



  16. Healthcare News: Free Software in Health, Humanitarian Causes

    Links for the day



  17. Links 14/4/2014: MakuluLinux, Many Games, More Privacy News and Pulitzer Prize for NSA Revelations

    Links for the day



  18. TechBytes Episode 87: Catching up With Surveillance (NSA, GCHQ et al.)

    The first audio episode in a very long time covers some of the latest happenings when it comes to privacy and, contrariwise, mass surveillance



  19. Server News: KVM, ElasticHosts, Other GNU/Linux Items, and Open Network Linux

    Links for the day



  20. Hardware News: Freedom, Modding, Hackability on the Rise

    Links for the day



  21. Distributions News: GNU/Linux Distros

    Links for the day



  22. GNOME News: Financial Issues, Mutter-Wayland, West Coast Summit, Community Participation

    Links for the day



  23. KDE News: Kubuntu at the Centre Again KDE Applications Updated

    Links for the day



  24. Techrights Rising

    Effective immediately, Techrights will do what it takes to bring back old volume and pace of publishing



  25. Links: Surveillance, Intervention, Torture and Drones

    Links for the day



  26. Mobile Linux Not Just Android: Jolla, WebOS, and Firefox OS News

    Links for the day



  27. Google's Linux Revolution: New Gains for Android, Chrome OS (GNU/Linux)

    Links for the day



  28. Free/Libre Databases News: MongoDB, NoSQL, and MySQL Branches/Forks

    Links for the day



  29. Open Access on the Rise: Textbooks, Journals, Etc.

    Links for the day



  30. Finance Watch (Watching What's Not Being Watched): Economic Warfare/Class Injustice

    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