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


Novell Kicked Out of the S&P 500 Index

Posted in Finance, Novell, SCO at 2:49 am by Dr. Roy Schestowitz

Stock trade graph

Summary: Victory declared by “Novell Boycott” now that Novell is officially off the market

ACCORDING to this press release, Standard & Poor’s is removing NOVL. Yes, just like SCO (SCOX) at the time, Novell is going off the face of the Earth (not even “The Pink Sheet”). And as noted at the time, it is not looking good for Novell, but it’s inevitable now that the company breaks apart and becomes just a set of patents and products for others to exploit. Here is some coverage [1, 2, 3] which says that “Chipotle is replacing meandering networking dinosaur Novell now that it’s being taken private.” There has also been a lot of coverage that mentioned this as a side issue [1, 2]. The original announcement says:

S&P MidCap 400 constituent Chipotle Mexican Grill Inc. (NYSE: CMG) will replace Novell Inc. (NASD:NOVL) in the S&P 500 index, and UTi Worldwide Inc. (NASD:UTIW) will replace Chipotle Mexican Grill in the S&P MidCap 400 index after the close of trading on a date to be announced. Novell is being acquired by a group of private equity firms in a transaction expected to be completed soon, pending final conditions.

An article titled “Time to Sell Novell?” was published and later removed by Motley Fool (just shortly before the sale) and Sam Varghese published a good article which started thusly: “Novell ceased to exist as a public entity at the end of trading in the US on Wednesday as the sale of the company to Attachmate Corporation was closed.”

Interestingly enough, the company which replaces NOVL at the S&P 500 is under investigation. Were they too corrupt (Novell has a history of fraud)?

While the world celebrates the death of Osama Bin Laden “Novell Boycott” celebrates the death of Novell. We shall address other aspects of this milestone in a later post.

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


  1. TemporalBeing said,

    May 2, 2011 at 12:56 pm


    This has hardly anything to do with Novell being ‘broken’ apart, and everything to do with the fact that it is not _privately_ owned. S&P, NYSE, etc are all concerned with only _publicly_ owned companies, so given the sale, this makes perfect sense. What may be surprising is S&P having to announce it, as opposed to the Novell/Attachmate announcing it as part of the sale – or may be Attachmate was a little delusional about trying to keep it on the S&P?

    In contract, SCOG was delisted because they couldn’t keep their share price above a certain minimum long enough, namely due to their bad business practices.

    Just saying, the two are hardly comparable.

    Dr. Roy Schestowitz Reply:

    Yes, I know. The comparison I was making was a comparison of neighbouring companies turning rogue and then losing their place in the public market, at least after a while. I should add that for Novell to stay in Wall Street has been a struggle for years and it was nearly delisted from NASDAQ several times over the past 5 years.

  2. twitter said,

    May 2, 2011 at 5:08 pm


    I’m not celebrating Microsoft’s victory. It’s good that Novell can no longer be used for free software community astroturf purposes and the mono plot will probably die. What’s not good is that Microsoft’s various plots have finally succeeded in “slaughtering” their competitor. Even when Novell won in court, the weight of Microsoft’s Word Perfect, SCO and other scams ruined Novell. Developers and users who cared was pushed aside and livelihoods were lost. Suse stands neglected and polluted. Hoverspan and others who helped Microsoft betray the free software community and Novell were enriched. I’ll be happy when more of these wrongs are righted.

    In the mean time, Novell and SCO stand as examples of that happens to tech companies that cooperate with Microsoft. There is a new skeleton laying at Microsoft’s feet.

What Else is New

  1. An FSF That Rejects Its Founder Would Not Remain FSF As We Once Knew It

    It's important to keep the FSF focused on its goals; that won't be achieved by expelling those who insist on these goals

  2. Links 24/2/2020: Linux 5.6 RC3, Netrunner 20.01, Google Summer of Code 2020 Mentoring Organisations Announced

    Links for the day

  3. Alexandre Oliva's New Article About a Coup

    Some people try to tell me that the criticism I've got, inside the FSF and outside, since the Free Software Sept 11, are not about my being supportive of RMS, but about my making public statements referencing him at all.

  4. Debian Leadership Should Not be 'Shy' of Politics (and It's OK to Admit Palestinians Are Human Beings Too)

    The contemporary tendency to limit people's freedom of speech (e.g. permission to express political views) means that while people may find software freedom they will lose other essential freedoms

  5. New Series: Inside the Free Software Foundation (FSF)

    In the interest and motivation of exposing the true nature of things, Techrights will turn its attention to internal affairs at the higher echelons of the FSF, founded more than three and a half decades ago in MIT (where Stallman launched the GNU Project, developed the GNU Compiler Collection and a lot more foundational Free software)

  6. IRC Proceedings: Sunday, February 23, 2020

    IRC logs for Sunday, February 23, 2020

  7. Links 23/2/2020: PipeWire 0.3 and Osu!

    Links for the day

  8. FSF's Interim Co-President Alexandre Oliva on Being Cancelled

    It was reading this that I realized I’d been cancelled myself. In my case, I was painted misogynist and transphobic, and for a post in which I supported women but denounced a crowd of men twisting the feminist cause, that I share, to attack rms, as if he wasn’t a feminist himself; and in which I express curiosity as to what pronoun to use to refer to zero women to paint me as someone who disregards gender identities and their pronouns.

  9. Good People Need to Run for Free Software Foundation (FSF) Board Positions After an FSF Coup Threw in the Towel, Pushing Out the Founder

    "I have been hit, but not knocked out, and my campaign for free software is not over." --Richard Stallman, October 2019

  10. IRC Proceedings: Saturday, February 22, 2020

    IRC logs for Saturday, February 22, 2020

  11. Alexandre Oliva's Message About Cancel Culture at the FSF

    Being cancelled is no fun. In my case, it was for standing for a friend who got canceled for defending someone else from an accusation that was later proven false.

  12. Links 22/2/2020: Polish Government Increases GNU/Linux Use, Samza 1.3.1

    Links for the day

  13. Being Rich Does Not Imply Being Smart (Especially When One is Born Into Wealth)

    Presenting the 'genius' (college dropout, but that does not matter when the yardstick of wisdom is wealth alone), with his own predictions overlaid on top of his photo from the show of Bloomberg (another 'genius' whose supposed brilliance is measured using money alone)

  14. The Rise and Fall of Free Software

    "We simply need to make the movement less corporate, and more grassroots."

  15. Why You Should Adopt Debian 10, Not Vista 10 (Windows Vista With Microsoft's Latest Surveillance Add-ons)

    A little personal story and recommendation of Debian "Buster" (10) or Devuan (whose developers persist)

  16. Ethics by Exclusion

    It's the same old philosophical question; can excluding those who are perceived to be intolerant be seen as an act of tolerance?

  17. Even Worse Than Microsoft Inside the Board of the OSI

    The OSI has accepted people from companies that actively attack Software Freedom and there may be more on their way

  18. ZDNet Continues to Stuff Its 'Linux' Section With Proprietary Software of Microsoft

    The above is what the "Linux" section of ZDNet is going to look like throughout the weekend (and this is hardly unusual, either)

  19. IRC Proceedings: Friday, February 21, 2020

    IRC logs for Friday, February 21, 2020

  20. Links 21/2/2020: EasyOS 2.2.11 Released, Microsoft's Control of the Linux Foundation Increases and More Binary Blobs Arrive

    Links for the day

  21. IRC Proceedings: Thursday, February 20, 2020

    IRC logs for Thursday, February 20, 2020

  22. Video: LinuxWorld 1999, Torvalds and Stallman

    LinuxWorld 1999, Torvalds and Stallman

  23. GNU World Order is a Personal Sacrifice, LinuxWorld Just Business

    As the Linux Foundation shows, Linux is just business (and proprietary software) as usual, software patents included, whereas it’s GNU that continues the Free Software Movement’s battles

  24. Links 20/2/2020: Oracle Solaris 11.4 SRU18, Mesa 20, VirtualBox 6.1.4

    Links for the day

  25. Open Source Did Not Win, It Was Assimilated to and by Proprietary Software

    Don’t fall for the whole “Open Source has won!” spiel; You know we’ve lost the battle (and were in effect gradually conquered) at OSI and elsewhere when those who speak for the OSI are Michael Cheng (Facebook), Max Sills (Google), and Chris Aniszczyk (Linux Foundation); they say “Open Source Under Attack” (FOSDEM talk) but their employers are the ones attacking and they downplay openwashing

  26. Former Microsoft Employees Don't Like Talking About Past and Present Microsoft Back Doors (Designed for Spy Agencies)

    In a typical Microsoftian fashion, once they cannot defend the illusion/delusion that Microsoft values security the 'Softers' run away and block any further debate

  27. Techrights Warns Against Impending Extradition Efforts (Passage of Julian Assange to His Death in the United States)

    Imprisonment of journalists who are effective at exposing crimes (of the powerful, not petty crimes) must never be condoned

  28. Team UPC: Many Mouths and No Ears

    The mental condition of Team UPC gets more worrisome by the week

  29. Team UPC Insults Judges Because the UPC is Dead and UPC Lobbyists Have Nothing Left to Lose

    More judge-shaming tactics are in the mix; Team UPC seems to feel like there's nothing left to lose as the UPC is already dead (hope itself is next to die)

  30. IRC Proceedings: Wednesday, February 19, 2020

    IRC logs for Wednesday, February 19, 2020

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

Recent Posts