Bonum Certa Men Certa

Novell Results Are in: Net is Down Very Sharply (36%)

Sell Novell



FORECASTS [1] and waiting games [2] are both over. Novell's latest results are in and they are no better than the last quarter's (revealing that Novell operates at a considerable loss).

So first of all -- let's start with the good news. Novell employees needn't worry about Ron, who received a $6.9 million compensation plan for his 'wonderful' achievements. It was similar two years ago.



But what are these achievements? Driving the company to this?

Novell Inc.'s (NOVL) fiscal first-quarter net income fell 36% on sharply lower interest income as invoicing fell short of expectations.


Here are the earnings figures:

For the first quarter, the company reported earnings of $10.7 million, or 3 cents a share, compared with $16.8 million, or 5 cents a share, in the year-ago period.


Revenue is down too:

Novell reported net revenue of $215 million, compared to $231 million previous year. Ten Wall Street analysts expected revenues of $229.95 million.


This pretty much confirms what we already know about the layoff because the company must explain to investors what it will do next. Novell has already laid off at least 25 SUSE-focused employees. They would have cost about 25 x $70,000 = $1.75m to keep per year. So they could, in principle, work for 4 years with a good wage at the expense of that "compensation" for Ron Hovsepian. How does it feel to be shafted by the very same management that sold out to Steve Ballmer, who is already busy suing Linux [1, 2]?

“Did they learn nothing from those FAT patents?”Meanwhile, elsewhere inside the company, Novell is making .NET more popular. Did they learn nothing from those FAT patents? Is Novell just another Microsoft department now? One that's producing Windows software like NetWare and some Microsoft 'plugins' or Microsoft 'addons' for GNU/Linux (Mono, Moonlight)? For that task, Microsoft must be inside GNU/Linux, hence the alliance with Novell. They get to be inside SUSE, they have indirect membership in places like the Linux Foundation [1, 2, 3] and that's just the tip of the iceberg. They gag critics that way. Even Red Hat must keep polite now.

As a side note, since everyone is talking about TomTom at the moment, it's worth emphasising that this patent situation shows precisely what Microsoft might do with Mono and Moonlight and why it wants them inside GNU/Linux (Moonlight brings Mono with it to desktops like KDE). Novell increasingly focuses on Microsoft technologies. One of our readers said one hour ago that he tried "compiling mono from SVN on [his] gentoo box and it crashes with a sigsegv in the make process."

The reader claims: "I go ask at #mono (on the gnome irc network) and miguel says 'gentoo is eternally broken'."

That's nice. On the face of it, the only thing that's "eternally broken" is Novell. And to quote other people, “Novell Is bleeding to death.” ____

[1] The Outlook

Computer maker Dell Inc., retailer Kohl’s and software developer Novell Inc. of Waltham report quarterly financial results.


[2] Dell, Gap, Kohl's, Novell on earnings deck

Novell Inc., which provides open source software for businesses, is foreseen posting fiscal first-quarter earnings of 6 cents a share on revenue of $227.4 million. Its shares were up 1.2% at $3.34.

Comments

Recent Techrights' Posts

Saving the Planet With Honesty, Transparency, and Sharing (Not Only of Computer Code)
GAFAM is destroying the only habitat humans and other animals have and it'll only get worse
Disinformation About Election Outcomes Even Before Any Election Outcomes (or Election/Voting!)
seeding doubt about election outcomes
Against Outsourcing of Sites and E-mail
Software Freedom is great, but it is not enough if you let someone else do it 'for you'
Drew DeVault: People Talking About My Attack Site (Against the Founder of GNU/Linux) is "Spam"
"Spam on sr.ht mailing lists"
"Oppose the Fascist"
what the founder of GNU/Linux said
Halloween, All Saints Day & Swiss citizenship
Reprinted with permission from Daniel Pocock
 
How Voting Does Not Work
You cannot vote from an "app"
Links 05/11/2024: Bluesky and Enshittification, Pugad Baboy, and Lots of Disinformation Flooding the Web
Links for the day
[Meme] Sweaty Under the Belly
"OK, my critics are 'spam'"
Microsoft Bribing Canonical (to Stop Competing) and Bribing Users to Shun the Competition
Canonical is worth shunning
[Meme] The 2024 'Info Bros'
And prehistoric googling
Computers Getting Worse (for the User) Over Time
This is like Windows-ism coming to "Linux" through the hardware
[Meme] How NOT to Vote
Another form of (mostly-unspoken-of) election interference
An LLM Inside a 'Search' Engine Means That Companies Tell You What They Want, Not What Web Pages to Visit
The future of 'googling' things might be as unreliable as using Social Control Media as a source of information
Google's Debt Has Increased and 'Cash on Hand' Fell by 22.27% This Past Year
These are the numbers that the corporate media intentionally leaves out
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, November 04, 2024
IRC logs for Monday, November 04, 2024
There's a Reason Why Techrights is Turning 18 and Tux Machines Will Turn 20.5 Next Month
I started advocating GNU/Linux when I was a teenager
Techrights Has a Long History of Fighting to Expose 'Team Mono' or Microsofters Inside GNOME
Never downplay the malice of Microsoft and its operatives
Gemini Links 05/11/2024: Halloween Over, Intention and Implementation, Bookmark Syncing
Links for the day
Microsoft Lost Nearly Half of Its 'Cash Reserves' This Past Year
Is Microsoft (MSFT) the next Intel (INTC)?
The Year Isn't Over Yet, There Will be More Waves of Microsoft Layoffs
Nowadays Microsoft just tries to conflate/equate its energy waste with "value"
The Corporate Media Blasted Bitcoin for Destroying the Planet and Must Do the Same to Incite the Public Against the 'Great Rigging of Wall Street' (Under the Guise of "AI", the Latest Gold Rush)
"AI" is the next "metaverse" (trailing by a few months)
[Video] Richard Stallman is Back to Halo and Gown (in Peru) With 2+ Hours of a Public Talk
The globetrotting Richard Stallman gave many talks at the end of last month
Going Strong Against the Wind
the abuse serves to emphasise or affirm the importance of what we do
Links 04/11/2024: Squashing More Software Patents and Taiwan at Risk
Links for the day
Gemini Links 04/11/2024: Typing vs Writing and a Smol (Net) Pub
Links for the day
Links 04/11/2024: LibreOffice Had Adopted PeerTube, "Hey Hi" Hype is a Threat to the Energy Grids (Worse Than Fake-Coins)
Links for the day
[Meme] Social Control Telescreens With Microphone
Nineteen Eighty-Four
Shout-out to Christine From FOSSForce
Who noticed our short story
Not Boycotting Apple (Yet)?
"Apple Forces The Signing Of Applications In MacOS Sequoia 15.1"
statCounter This Month: Android Has Nearly Become Twice as Big as Windows
If it happened, it would be an unprecedented milestone
Why Technical Sites Need Not Make Political Recommendations or Endorsements
Except perhaps when it's for some purely technical role, e.g. FCC chief
[Meme] Apple Freedom
Freedom is... the ability to purchase as many 'i' things as you want
Apple's MacOS Shows Us the Vision of Computing That GAFAM Has for Us (Digital Prisons)
Freedom means "we the people" should be in control, not people being controlled by corporations (contemporary slaveowners)
"Active" as in One URL, One Emoji, and 4 Words in One Week
Diversity community in Fedora
Apple Vision Pro Has Failed, Just Like "Metaverse"
Vision Pro lacks software
Things That Can Improve Election Integrity
the first two relate to "tech"
Rigging Elections is Difficult, Cheating a Little is Not
Avoid social control media, it is the biggest rigger of all
"People who live in glass houses shouldn't throw stones"
On throwing stones in a glass house
Our Stance on Electronic (or Digital) Voting Machines
The simple activity of voting and counting ballots does not require thousands of complex machines with hundreds of millions of transistors and hundreds of millions of lines of code
Microsoft and "Retrospective Re-writing of History..."
in YouTube anyone can make stuff up (as one goes along)
This Coming Week
Go exercise your right to vote
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Sunday, November 03, 2024
IRC logs for Sunday, November 03, 2024
Reddit is (Still) Lying and Faking
Don't fall for this phony idea that the above sites are grassroots or edgy; they're not
GNU/Linux Users Are Not Cheaters
The bottom line is, most cheaters use Windows
Links 04/11/2024: FCC, Broadband Industry Spar Over Net Neutrality; Software Patent Squashed
Links for the day
Gemini Links 03/11/2024: Official MyGemini.Space Announcement
Links for the day
Gemini Links 03/11/2024: Election Thoughts, Plagiarism, and LLM Slop
Links for the day
Links 03/11/2024: Deere 'Right to Repair' (RoR) and "Threads Bans Anyone For Mentioning Hitler"
Links for the day
[Video] "El Movimiento del Software Libre y el Sistema Operativo GNU" by Richard M. Stallman
The footage is a bit jittery (taken with a phone apparently, and there's no tripod available), but the sound is OK and the words (in Spanish) are comprehensible
Android at New Highs (47%), Windows at New Lows (24%), Suggests Latest Data From statCounter
So the market share of Android is about double that of Windows
[Video] Richard Stallman's Talk in Spanish (in Peru Last Week)
Alternative URLs too
The Media Focuses on the Wrong Scandal
The real scandal at MIT was Gates
Gemini Links 03/11/2024: Fantasy Life Day and Worship
Links for the day
[Meme] Write Us Drivers and GTFO!
When you realise sanctioning BRICS devs goes against the community
Decommissioning Copper Lines Makes Us Less Safe
We've essentially degraded the robustness or reliability of critical systems
Life of an Addicted Lolicon Who Can Also Code
Personal blog as an open diary
[Meme] Reporting Crime is Not a Crime
Obviously!
Manchester Party for Techrights
If you choose to come, of course we'll cover the cost of the food and treats (but not travel)
Privacy is Not a Crime (in Places Where It is a Crime the Regime is Typically Very Rogue)
Also, criminals lack "privacy rights" to hide their crimes from the public
GNU/Linux "Market Share" in Lebanon More Than Doubled in a Few Months
Maybe it's a reaction to something? Assassination in Haret Hreik was in July.
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Saturday, November 02, 2024
IRC logs for Saturday, November 02, 2024
Nearly 40 Years Without Security Incidents
People who use Windows have come to sort of "accept" that security incidents are part of life or "normal"
[Meme] The Streisand Effect
Simon says, don't bother trying to suppress facts
Streisand Effect at IBM?
Trying to silence your workers isn't the best approach. It only makes colleagues even more curious.
Microsoft is a Gift That Keeps Giving (Future Stories to Techrights)
Microsoft has been trying to silence me using dirty tricks for nearly 20 years
Elon Musk Has Trashed Twitter for Ideological Reasons (and Propping Up Trump in Exchange for Financial and Political Favours Once in Public Office)
In case you didn't leave Twitter already, consider the fact that Twitter's (or "X"... whatever!) future is uncertain
Wall Street Has Demoted Intel, Seeing There May be No Future to Intel
Intel's loss isn't a loss to us
Free Software Licence Compliance is About Security Too
Linux as de facto proprietary off-the-shelf platform