Novell Vanishes from Article on Financial Depression
- Dr. Roy Schestowitz
- 2008-09-18 23:59:21 UTC
- Modified: 2008-09-18 23:59:21 UTC
Information about Novell's
financial problems,
potential fraud,
round of buybacks and
sinking market value need not be repeated, but
the following new story raises a brow. It seems like Novell was removed from a Bloomberg article (it contained something about Novell, but updated twice since).
According to
this digest, Novell may have been part of the headline that said:
● GM, Domino's, Novell Say Wall Street Woes May Ripple Through U.S. Economy– Bloomberg
After the latest
cash infusion from Microsoft, one really has to wonder.
Remaining from this article is the following
short report, which is probably based on Bloomberg:
Among those who have expressed concern over the negative effect of the Wall Street troubles on the already tight credit crunch in the U.S. were executives of General Motors, Domino's Pizza and Novell.
A couple of weeks ago Groklaw showed that Novell may be fooling its investors. We will probably find out the truth one day, knowing that Novell is
already cooking its books. Someone (or many someones) is
not telling the whole story.
⬆
"Microsoft, the world’s most valuable company, declared a profit of $4.5 billion in 1998; when the cost of options awarded that year, plus the change in the value of outstanding options, is deducted, the firm made a loss of $18 billion, according to Smithers."
--The Economist