Bonum Certa Men Certa

How Big is Novell's Debt?

Peanuts



Summary: A call for joint research on an important subject

Novell's little helpers have been particularly noisy recently (mostly libel and person attacks), which means that we are getting close to something which they are trying to hide by smears and intimidation. A couple of days ago we wrote about Novell and debt, so the question we ask today is, "how big is Novell's debt?"



Comments that are personal attacks would be less than welcome. We never censored comments.

For background, here is an article about Novell (published just before the defeatist deal with Microsoft):

Novell Inc has denied that it is in default over the terms of a $600m debt offering following the delay in filing its financial reports for its third quarter, which has also prompted the threat of delisting from the Nasdaq.


For context, see this post from 2007.

According to Wikipedia, "In finance, default occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan. Default may occur if the debtor is either unwilling or unable to pay their debt. This can occur with all debt obligations including bonds, mortgages, loans, and promissory notes."

We tried to find out how big Novell's debt actually is, but we were not able to find an answer. We invite readers to politely help us find out the truth.

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