Novell Starts Buying Its Own Stock (Sign of Weakness)
- Dr. Roy Schestowitz
- 2008-05-14 08:57:24 UTC
- Modified: 2008-05-14 08:57:24 UTC
If the investors go away, then someone needs to fill the void
Novell has just earned itself a very low position (48
th) in the
"most influential tech vendors" ladder, which seems very gut feeling-driven. Almost on the very same day came
this press release from Novell:
Novell, Inc. (Nasdaq: NOVL) today announced that its Board of Directors has authorized the repurchase of up to $100 million of the Company's outstanding shares of common stock.
Associated Press (at Forbes) had
this to add about the buyback program:
There is no fixed expiration date for the program.
It was
almost a year ago that Ron Hovsepian told Reuters about the possibility of buybacks, or at least responded to a question about it. We wrote about Novell buybacks in [
1,
2] and some more related posts include [
1,
2,
3,
4,
5].
We also discussed Novell's
massaging of its financial figures, which may be similar to Microsoft's [
1,
2,
3]. Novell
expects layoffs, not just
off-shoring that
Bill Gates promotes. Both companies share a
similar dilemma which is tied to legacy. Microsoft is by all means on a
similar boat, with buybacks that left it
without so much cash in the bank (far less than ever before).
⬆
Google Trends: search volume for "Novell"
Comments
Niklas (sic!) Koswinkle
2008-05-14 09:27:20
Aren't you educated enough to understand that the latter hasn't got anything to do with the former? Are you really expecting a financial backlash due to a politically incorrect decision?
You don't know anything about the real word; but we already knew that...
For the record: Novell is doing much better than Sun which you - in spite of evidence to the contrary - tout as defender of freedom.
Note: comment has been flagged for arriving from a possible incarnation of a known (eet), pseudonymous, forever-nymshifting, abusive Internet troll that posts from open proxies and relays around the world.
Paulo
2008-05-14 11:45:16
ZiggyFish
2008-05-15 04:40:32
Roy Schestowitz
2008-05-15 04:46:25
Niklas (sic!) Koswinkle
2008-05-15 08:49:37
Try 'Sun Java'. Yep, it's going downwards.
Now for the funny part: Search 'Red Hat'. Wow. That's a sharp decline.
What does this tell us? Are all values in the world rapidly falling? No, it's only Google Trends which exaggerates the developments. Google Trends is NOT a serious source of information. Tell me you haven't even realized that they don't indicate any units on the y-axis? Yeah, that's right; you can't tell whether it indicates cents or millions...
Note: comment has been flagged for arriving from a possible incarnation of a known (eet), pseudonymous, forever-nymshifting, abusive Internet troll that posts from open proxies and relays around the world.
ZiggyFish
2008-05-15 09:29:20
Niklas (sic!) Koswinkle
2008-05-15 09:35:38
One thing is for sure: Google Trends is NO source for reliable info on stocks.
Note: comment has been flagged for arriving from a possible incarnation of a known (eet), pseudonymous, forever-nymshifting, abusive Internet troll that posts from open proxies and relays around the world.
Shane Coyle
2008-05-15 09:49:31
A bit about buybacks for those of us who are finance-impaired (me): FWIW
ZiggyFish
2008-05-15 10:12:37
your the one that is 'desperately searching' to prove Roy wrong. And you haven't found any evidence to prove him wrong.
Roy Schestowitz
2008-05-15 10:25:40
Niklas (sic!) Koswinkle
2008-05-15 10:53:36
Note: comment has been flagged for arriving from a possible incarnation of a known (eet), pseudonymous, forever-nymshifting, abusive Internet troll that posts from open proxies and relays around the world.
ZiggyFish
2008-05-15 11:00:20
I would agree with you if you had something back up your position. All I've heard from you is either FUD for personal attacks.