Jefferies downgraded Novell, Inc (NASDAQ: NOVL) to Hold from Buy on valuation after yesterday's "April Fool's-inspired" rally as the firm believes upside from the initial Microsoft-(MSFT) driven SLES deals and restructuring are priced in.
The biggest danger here is that when there's very little press or no "opposition media" left it becomes even easier to crush critics because there aren't many people left to speak about the matter
Comments
Shane Coyle
2007-04-04 09:36:16
Apparently, the suse-irc.org entry on April 1st about the "leaked" information that Microsoft was already in the process of aquiring Novell was picked up by some of the financial news aggregators, and resulted in a small rally early in the day Monday.