Jefferies has an interesting note on Novell (NASDAQ:NOVL) saying that as the company attempts to breathe life into its software business, they believe a re-positioning of the company as a Windows complement is probable. Recent SLES coupon activations are a beginning, and m&a could play a significant role.
Firm's checks indicate a tightening relationship between Novell and Microsoft, both technologically and strategically.
Even financial types are having trouble seeing any distinction between Microsoft and Novell any longer. ;^ )