08.26.10
Quick Mention: Novell Report Disappoints, CEO Blames Takeover Bid (Updated)
Summary: Very quick coverage about Novell results (more details shortly)
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Novell and J.Crew results slated for late-session release
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Novell profit, sales short of Wall Street views
The provider of software used by businesses said revenue for the period ended July 31 fell to $199 million from $216.1 million. Excluding special items, Novell said earnings for the period were 6 cents a share.
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Novell Reports Financial Results for Third Fiscal Quarter 2010 [Novell press release]
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Novell Q3 Profit Declines – Quick Facts
Non-GAAP net income fell to $22 million or $0.06 per share from $25 million or $0.07 per share in the year-ago quarter.
Third quarter net revenue declined to $199 million from $216 million in the previous year quarter.
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Novell FY Q3 Misses
CEO Ron Hovespian said in a statement that results missed initial expectations due to “customer uncertainty” related to the company’s March announcement that it is reviewing various alternatives to enhance shareholders value.
Update: Dana Russell speaks out as well. There is additional coverage and our reader gnufreex says: “I am interested to see how many people Novell fired. But they are not reporting that.”
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Novell, in midst of buyout speculation, posts sales decline
Novell Chief Executive Dana Russell declined to say where the company currently stands in terms of seeking a buyer or other related options.
“We’re in the middle of a process here, we’re impacted by it and feeling the effects, and that’s what you see there in the numbers,” Russell said. “There’s certainly a level of uncertainty with customers, partners and our employees.”
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Novell Fiscal 3Q Profit Down 5.9% On Lower Revenue, Margins
Novell Inc.’s (NOVL) fiscal third-quarter profit dropped 5.9% on lower revenue and margins as results were hurt by customer uncertainty about the software company’s future.
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Novell Reports Financial Results for Q3 2010
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Novell, J. Crew Group results on evening deck
