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imothy Prickett Morgan is reputable writer from IT Jungle. He has recently been writing for The Register and his latest analysis says -- in the form of a modest proposal -- that Novell should consider leaving The Street and operate as a humble private company.

For the most part, the downturn on the global stock markets is bad news for IT vendors and the institutional investors and individuals that invest in them. But for some, it might be good news.

Even with the rally yesterday on Wall Street, which ricocheted around the world to other markets, there is still a chance for some financially challenged IT players to make a move that could save their futures: Take themselves private.

As we go to press with this story, an early 400 point rally in the Dow Jones Industrials has petered out and tech stocks are taking a slide, pushing down the NASDAQ by 2.5 per cent. It is still a buyer's market unless Wall Street puts something like 4,500 points on the board, which would be a 50 per cent increase to get the Dow Jones back to its 14,000 peak level from a little more than a year ago. Don't hold your breath waiting for that to happen - unless you are sharing some DNA with a whale.

As stocks continue to decline (after yesterday's global decline), Novell is down another 3.26%. ⬆