"...Microsoft wished to promote SCO and its pending lawsuit against IBM and the Linux operating system. But Microsoft did not want to be seen as attacking IBM or Linux."

--Larry Goldfarb, Baystar, key investor in SCO

Summary: A detailed analysis of the pseudo-firm (Elliott) that wants to buy Novell and how the bid came about

OVER the past couple of days we have written three posts about the bid to buy Novell, namely:

1. Novell May be Going Private, Hedge Fund Has Cash
2. Analyst Expects Microsoft Bid to Buy Novell
3. Ron Hovsepian Receives Another Large Lump of Cash as Novell Sale Looms

Few people appear to have actually paid attention to the source of the funds. We had a long discussion about this in IRC last night and we append the logs at the bottom (the relevant parts). While Novell's whitepapers against Red Hat are being bumped up (we mentioned this twice last week and it still happens), there is also a great deal of distraction away from Novell's trial against SCO. It is almost as though the bid came at a very strategic time, as we shall explain a little later.

Some Background

First of all, where did the bid come from? It's a man called Paul E. Singer, who has a shady past; he also engages in some outrageous activities, which in some countries might actually land him in jail. Singer is the man behind Elliott and here is the type of things he is doing:

His other activities do not strike me as exactly praiseworthy, either. Buying up debt from poor countries and forcing repayment may make him rich, but it does not help out the masses in those places, people who are hardly to blame for the fecklessness of their leaders.

Men like Singer, operating under the radar, have distorted our national life and international reputation to such a degree that we are really having trouble figuring out what's causing our current malaise. They simply do what they please and make the rest of us stick it. It seems like the NYT has finally done its job here of informing the public.

To put a long story short (in a nutshell), this guy probably belongs in prison. He is a parasite to entire nations. In the New York Times, Singer's firm is described as a "vulture fund". Here is another item about him, titled "Vulture Economics"

Elliott has done this in strapped developing countries such as Peru, Argentina, and the Republic of Congo where local press reports have labeled the company a “vulture investor.”

Peru, Argentina, and the Republic of Congo are all the countries we were able to identify as victims of Singer's infinite greed. The word "vulture" in the name fits well also with Intellectual Vultures (another common nym for Intellectual Ventures, which we covered in the previous post). Intellectual Ventures is picking up patents from dead/dying companies, whereas Singer does that with national debt. He also preys on dying companies as we will show in a moment.

Novell's Stake

Groklaw cites an article that says "Linux finally breaks even" [at Novell] and then it says: "So is that indicating that Elliott Management has it exactly backwards?"

“So... would that mean all the dirt on Microsoft or whoever else is behind the SCO attack on Linux that likely surfaced in discovery in SCO v. Novell would disappear from the planet?”
      --Pamela Jones, GroklawNot really. We'll get to that later. Linking to this article from a Microsoft booster, Groklaw speculates: "Taking profits... is that all this was about, maybe?"

Groklaw explored the background of Singer and his pseudo-firm (they contribute nothing). It links to many reports about Novell's results and then comes to the realisation that Singer wants to take Novell private. "Private," asks Groklaw, "They want to take it private? So... would that mean all the dirt on Microsoft or whoever else is behind the SCO attack on Linux that likely surfaced in discovery in SCO v. Novell would disappear from the planet?"

Nice timing, eh?

Here is the press release, which had Groklaw say: "What a coincidence. Just on the eve of trial in SCO v. Novell. Elliott says they own 8.5% of Novell's common stock."

The Inquirer links this disruptive news to the SCO trial as well:

JUST BEFORE the trial opens in the SCO v. Novell lawsuit, investment fund Elliott Associates has offered to buy Novell for $2 billion.

[...]

While Novell seems fairly likely to win, SCO seems to have a sympathetic federal judge on its side and will certainly try to sway the jury. Since the issue is over whether Novell actually owns the Unix copyrights then it could get messy.

For Elliott to benefit from its offer to buy Novell, it might be gambling either that the share price might increase dramatically after the trial is over and the inevitable appeals are decided, or that the shares might take a real battering during the judicial process, making the company relatively cheap to acquire, or both, in which case it might stand to make a lot of money.

Regarding this coverage from Boston, Groklaw says: "If this is a Microsoft play, I would imagine the antitrust complaints will be filling the sky in no time."

Well, guess what? "Novell, Inc. Investor Alert: Offer under investigation," says this new press release.

An investigation on behalf of current long term shareholders in Novell, Inc. (Public, NASDAQ:NOVL) concerning shareholder claims over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover was announced.

It's not too crazy to assume or at least suspect that Microsoft is playing by proxy here. Microsoft did fund SCO in this way, in order to prolong the lawsuit against Linux. As we showed a few days ago, Microsoft is attacking Google by proxy and no longer hides this, either. "So Microsoft admits it is behind the investigations that have been initiated," wrote Groklaw. "They make it sound like they just answered some questions, but the truth is, I remember very well Microsoft predicting this was going to happen. It *could* be a coincidence, I suppose. Snort. Anyone can lodge a complaint, and when that happens, it has to be investigated to see if it's legitimate, I suppose, so anyone who wants to harass a competitor certainly can. By the way, would you like to know why more people use Google? I can tell you why I do. Because their algorithms work better and you can find what you are looking for reliably and quickly, and Google Search worked better FROM THE VERY FIRST DAY it was made available to the public, before there was any effect from any numbers of users."

Watch Steve Ballmer and his buddies being a bunch hypocrites, suggesting that Google did not play by the rules. Who on Earth do they think they are to make such allegations? Wow. Just wow.

Let's look at Singer again. Groklaw goes back to older articles from months ago. From December it pulls:

“Now the party is truly over,” Paul Singer, founder of the $16 billion hedge fund, wrote in a confidential letter to investors Oct. 15, obtained by MarketWatch. “The current economic and market environment resembles the one for which Elliott was formed.”

To do so, Mr. Singer is looking to to raise money from investors, the report said. Elliott could round up roughly $2 billion next year by inviting existing investors to commit more money, MarketWatch said, citing one investor who’s adding to positions and spoke on condition of anonymity.

Here is that magic number again:

Elliott, which Singer started in 1977, is looking to raise money to take advantage of the situation. The firm could take in about $2 billion next year by inviting existing investors to commit more money, according to one investor who's adding to positions and spoke on condition of anonymity.

[...]

Most investment firms shun large, complicated bankruptcies and other complex situations, but Elliott actively seeks them out. As a former corporate-finance attorney and Harvard Law School graduate, Singer seems to relish the chance to control the outcome of investments through litigation.

The current bankruptcy wave should provide lots of complex situations for Elliott to delve into. Moody's Investors Service counted 250 defaults by companies it rates, through the end of November. That's already higher than any previous year.

$2 billion? What an interesting number. Coincidence? It was less than a month later (just after calling for raising of money) that Singer put money in Novell.

Elliott began acquiring Novell stock on Jan. 4 and controls about 8.5 percent of the company.

Almost exactly 2 month later he sent a letter offering to buy the whole of Novell, via someone called Cohn (see details in the log below). From late January we have this:

Hedge Funds Sue Porsche for Billion Lost on VW

A group of hedge funds filed a lawsuit on Monday against Porsche SE and two former executives, accusing the German sports car company of lying and illegally manipulating shares of Volkswagen A.G., thus costing the funds more than $1 billion in trading losses.

The funds — Elliott Management, Glenview Capital Management, Glenhill Capital Management and Perry Partners — say Porsche schemed to secretly corner the market in VW’s stock beginning in early 2008 as part of calculated attempt to eventually take over the company.

"Hedge fund Elliott accuses rival of espionage," said Reuters on February 26^th (less than one week before the Novell bid):

Hedge fund Elliott Management Corp sued Cedar Hill Capital Partners LLC on Tuesday, alleging its rival engaged in corporate espionage by misappropriating its proprietary software used for trading.

In February we find this:

Greenlight and Elliott Said to Help Ross Raise $1.1 Billion

[...]

Ross and his partners in the real estate firm Related Companies, Jeff Blau and Bruce Beal Jr., got the funds in a private placement managed by Deutsche Bank, said the person, who declined to be identified because the talks are private.

Here is some more coverage about the bid which came less than a month later:

• Elliott Offers $2 Billion Buyout of Novell



• Hedge Fund Offers $2 Billion For Novell



• Elliott Offers to Acquire Novell



• Update: Hedge fund offers $2B for Novell



• Hedge Fund Offers to Buy Novell



• Elliott Offers $2bn To Buy Novell



• Hedge fund makes bid for Novell



• Elliott Associates Offers to Buy Novell

Elliott said it would pay $5.75 a share in cash for Novell, a price that is 21 percent higher than Novell’s closing stock price on Tuesday. Wall Street’s initial response to the bid, announced after the stock market closed, was to anticipate the possibility of a higher offer

It's unsolicited, so it's somewhat hostile. In the logs below we show the connections between Singer and Icahn, who helped Microsoft take over Yahoo! without paying much at all. "Elliott Associates makes $2 billion unsolicited bid for Novell," says this article.

New York based Elliott Associates manages more than $16 billion of capital for large institutional investors and wealthy individuals, and already holds 8.5 per cent stake in Waltham, Massachusetts-based Novell and has offered to acquire the remaining 91.5 per cent at a premium of 21 per cent over Novell's Tuesday closing price.

It's important to remember that Singer only put his tokens in Novell two month ago. The takeover is a recent idea, which dates back to the latest round of SCO-Novell litigation. Here is an interesting new post from Reuters. It's saying that "Elliot’s Novell buyout [has] approach to making money".

In fact, Elliott is no stranger to this type of deal, having made similar offers to a handful of small tech companies in the past. Typically, it owns large stakes in the companies it goes after. Last year, it was part of a private equity team that acquired MSC Software for about $360 million.

Elliott also offered to buy Packeteer, another small Nasdaq-listed tech company it owned a large stake in, but it was eventually acquired by Blue Coat Systems in 2008. Another company Elliott went after was Epicor Software, but that bid was unsuccessful.

In 2006, Elliott was part of a group led by tech-focused private equity firm Francisco Partners that took bar-code scanner maker Metrologic private. Two years later, Honeywell acquired Metrologic for $720 million.

Novell and SCO

There is something similar happening in SCO at the moment, amid seemingly-endless litigation. Groklaw has some new articles that include Novell's objection to Yarro's proposed loan to SCO. We wrote about it last week. Former SCO executives offer to rescue SCO financially while the company sells whatever it has left, except the lawsuit against Linux. "SCO Proposes Selling its Mobility 'Business'... to Darl McBride," reports Groklaw. This is pretty major because SCO fired Darl McBride a while back. Had he not been fired, nothing would be sold to him for a cash infusion to enter SCO's coffers.

SCO's Chapter 11 Trustee Edward Cahn not only proposes to let Ralph Yarro "loan" some money to the company at what Novell calls egregiously inequitable terms -- inequitable to everyone but Ralph Yarro and the gang, that is -- but now he proposes to sell SCO's "mobility business", which not long ago SCO said was worth millions, if I recall correctly, to another SCO insider, Darl McBride, for $35,000.

[...]

Update 2: Get a load of the assets going for $35,000. Not only do the copyrights and the source code go to the buyer, but there are 12 servers in the deal, 13 domain names, and 10 developer smartphonees. You find the list in Exhibit C Part 6, which begins with a list of the source code products involved in this transaction, but I notice something else.

This has been covered by the British press [1, 2, 3] and by Slashdot. They all cite Groklaw.

BLUSTERING BAD-BOY SCO is the zombie of the IT industry. The outfit keeps getting pummelled in court but it keeps on coming.

For ages SCO and its lawsuits should have died, serveral times. The company has run out of cash and its claims looks deader than Ramesses III without the bandages.

However, according to Groklaw the outfit's Chapter 11 Trustee, former federal Judge Edward Cahn, has asked the bankruptcy court to let SCO sell off its "mobility business" for just $35,000.

Groklaw then wrote about "Petrofsky's objection to SCO's Yarro 'loan' motion"

Novell objected vigorously to SCO's Motion for PostPetition Financing, the proposed Ralph Yarro "loan" to SCO which also involves granting "security interests and superpriority administrative expense status", and now there's a second objection, from Al Petrofsky. This will not surprise us. What would surprise us would be the court granting the motion. To give you a taste of the flavor of this filing, here's the first paragraph of the introduction:

SCO is running out of money (no money to even pay lawyers) and Novell is blocking a cash infusion to SCO. How timely is that takeover attempt by Singer and his new, unspecified funds that he rallied for?

Novell's Finances

For completeness, we also wish to remind readers that Novell's financial results actually disappointed investors (Groklaw apparently gets it wrong). Here is a report titled "Novell Sales Fall 6% and Disappoint Investors (NOVL)" (also in Fox and in Trading Markets).

Novell (NASDAQ: NOVL) reported fiscal Q1 EPS of $0.07, inline with consensus estimates.

Sales in the quarter fell 6% year-over-year to $202.6 million, and came in short of consensus estimates of $207.6 million.

Here is a video from a financial Web site that covers this and here is the discussion at LWN.

Other coverage of interest:

● Trading Update for Novell Inc

● Stocks Levitating Above Unchanged Mark In Mid-Afternoon Trading - U.S. Commentary

After the markets closed for trading on Thursday, software solutions provider Novell Inc. (NOVL) reported a higher profit in its first quarter, helped by lower operating expenses. Earnings for the quarter were in line with estimates, but revenues fell short. Looking ahead to the second quarter, Novell expects revenues to be flat sequentially.

● Novell Q1 Profit Rises - Quick Facts

Novell, Inc. (NOVL: News ) Thursday reported first quarter GAAP net income of $20 million or $0.06 per share, compared to $11 million or $0.03 per share in the prior year period. Non-GAAP net income for the quarter was $25 million or $0.07 per share, compared to $24 million or $0.07 per share in last year quarter.

● Novell Bids Farewell to NetWare

Novell NOVL reported mixed first-quarter results and our fair value estimate is unchanged. Total revenue fell 6% over the prior-year quarter, as a steady stream of maintenance revenue offset a 25% decline in software licenses.

● Novell says Linux now breaking even

● Novell profits increase in 2010's first quarter

● Novell reports increase in profit despite sales decline

● Options Activity for Novell Inc

● Novell Q1 net revenues down 6% to $202m

A lot of people mention Novell's cash reserves but rarely do they mention Novell's huge debt

Here is Novell India's Country Head speaking about stimulus:

Sandeep Menon. Country Head, Novell India, said the budget reflects the governments confidence in the Indian economy. “I am particularly please to note that there has been no knee jerk reaction to withdrawing the fiscal stimulus, as I don’t think the time is right yet,” he said.

Last year we wrote about the rumour that Novell was selling at least parts of the company, but Novell probably didn't see the Singer bid coming. Where did the money come from? To summarise the above, Singer sought $2 billion from investors back in December, then he bought part of Novell's shares in January. He made the bid ($2 billion) just days before the SCO trial was supposed to resume; the funds he received remain secret because it's a private firm and if he takes over Novell, then Novell's secrets (including discovery in the SCO case) will also remain secret, unless they choose another route (which Singer et al can veto). ⬆

---

IRC: #boycottnovell @ FreeNode: March 4th, 2010

Chips_B_Malroy	Hello, some background on Eliot the hedge fund.  Its run by Paul E. Singer    http://www.nytimes.com/2007/11/22/us/politics/22singer.html?_r=2&oref=slogin	Mar 04 00:21
phIRCe-BNc	Title: The New York Times > Log In .::. Size~: 9.61 KB	Mar 04 00:21
MinceR	schestowitz: the Free State of Indiana? :>	Mar 04 00:21
DaemonFC	if some drunk breaks in, I'd want her to be able to shoot them before they did who knows what	Mar 04 00:21
DaemonFC	MinceR, I'm not going to start something, but you better believe that I'll end it	Mar 04 00:22
DaemonFC	you better have a death wish if you break into my home	Mar 04 00:22
*vermilionnnn has quit (Quit: Leaving.)		Mar 04 00:22
Chips_B_Malroy	Elliott Associates, L P is a "private" company, meaning I cannot find out who deposits money there	Mar 04 00:23
DaemonFC	Chips_B_Malroy, I think that's the point	Mar 04 00:23
Chips_B_Malroy	But that in itself should be a problem for the Fund trying to try over Novell, shouldn't it?	Mar 04 00:23
Chips_B_Malroy	anti-trust	Mar 04 00:24
DaemonFC	MinceR, If they fire the police and there's nobody to "protect" me, I'm going to assume that leaves me to protect myself	Mar 04 00:24
DaemonFC	and will do so	Mar 04 00:24
DaemonFC	that's what they're saying	Mar 04 00:24
DaemonFC	everyone for themselves	Mar 04 00:24
Chips_B_Malroy	Icahn and Elliot both conspired on one takeover	Mar 04 00:24
Chips_B_Malroy	or should I say agreed	Mar 04 00:25
DaemonFC	Chips_B_Malroy, I'd just sit back and see how this pans out	Mar 04 00:25
DaemonFC	it's a novel concept that Microsoft would like to buy Novell to make it Microsoft Suse	Mar 04 00:25
DaemonFC	;)	Mar 04 00:25
Chips_B_Malroy	also in that link, there is more on just the vulture stuff on the Congo, Singer hit Peru as well	Mar 04 00:25
DaemonFC	Chips_B_Malroy, This is Ballmer drive-by bidding, like when he offered to buy Yahoo just to make their stock go down	Mar 04 00:26
DaemonFC	make them weaker and more pliable	Mar 04 00:26
DaemonFC	now he basically owns Yahoo and it cost nothing	Mar 04 00:26
Chips_B_Malroy	I would bet money, that Gates, MS, the Gates Foundation, Ballmer, Allen, have money behind this fund	Mar 04 00:27
DaemonFC	that's what I think	Mar 04 00:27
DaemonFC	drive by Ballmer bidding by proxy	Mar 04 00:27
DaemonFC	to soften Novell up	Mar 04 00:27
DaemonFC	I think he's behind the offer	Mar 04 00:27
Chips_B_Malroy	you maybe right	Mar 04 00:27
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DaemonFC	he chose an offshore private company so he wouldn't call attention to himself	Mar 04 00:28
DaemonFC	or have regulators blocking the bid	Mar 04 00:28
Chips_B_Malroy	what is funny, is tht hedge funds have been shrinking the last couple of years, and only Elliot and a very few others grew, Elliot grew by quite a bit actually	Mar 04 00:29
Chips_B_Malroy	Elliot is actually two funds, one is international	Mar 04 00:30
Chips_B_Malroy	but both founded and  controlled by Paul E. Singer, who started out as a lawyer	Mar 04 00:30
Chips_B_Malroy	Harvard lawyer I think	Mar 04 00:30
-BNtwitter/#boycottnovell-[schestowitz] These guys use an ancient #KDE for their "new" OS. http://rt.com/Top_News/2010-03-01/north-korea-cyber-weapon.html		Mar 04 00:30
phIRCe-BNc	Title: North Korea’s “secret cyber-weapon”: brand new Red Star OS - RT Top Stories .::. Size~: 59.62 KB	Mar 04 00:30
Chips_B_Malroy	There is a lot of dirt on Singer in that NY Times article	Mar 04 00:31
Chips_B_Malroy	he is a big republican	Mar 04 00:31
Chips_B_Malroy	not that this is bad by itself	Mar 04 00:31
schestowitz	Any more info?	Mar 04 00:33
Chips_B_Malroy	If Novell still has 1 billion dollar cash reserveres (what I seen in a link) and the offer was for $2 billion, its really only an 1 billion offer, isn't it?	Mar 04 00:34
Chips_B_Malroy	There is lots, actually	Mar 04 00:34
Chips_B_Malroy	but mostly only a small fact here and there	Mar 04 00:34
Chips_B_Malroy	What I really was searching for was a link between Singer and MS/Gates	Mar 04 00:35
schestowitz	What does Groklaw say?	Mar 04 00:35
schestowitz	It put many links there, I haven't checked those yet	Mar 04 00:35
Chips_B_Malroy	not sure	Mar 04 00:37
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schestowitz	Let me check now...	Mar 04 00:38
Chips_B_Malroy	I will keep looking for a link online	Mar 04 00:39
Chips_B_Malroy	http://www.sourcewatch.org/index.php?title=Paul_E._Singer	Mar 04 00:39
phIRCe-BNc	Title: Paul E. Singer - SourceWatch .::. Size~: 29.87 KB	Mar 04 00:39
schestowitz	Interesting	Mar 04 00:42
schestowitz	It seems like SCO suitors	Mar 04 00:42
schestowitz	Who were close to gates	Mar 04 00:42
schestowitz	Norris, York, etc.	Mar 04 00:42
schestowitz	Bunch of private shells	Mar 04 00:42
DaemonFC	Chuck Norris Venture Capital	Mar 04 00:43
DaemonFC	ahhh, yes	Mar 04 00:43
*Ender2070 (~Ender2070@bas1-toronto12-1128666738.dsl.bell.ca) has joined #boycottnovell		Mar 04 00:43
DaemonFC	I hear they negotiate with roundhouse kicks	Mar 04 00:43
DaemonFC	:P	Mar 04 00:43
schestowitz	SHut yo mouth or Norris will shoot ya!	Mar 04 00:44
DaemonFC	he doesn't do that	Mar 04 00:44
DaemonFC	he roundhouse kicks	Mar 04 00:44
DaemonFC	my gun is useless in that situation	Mar 04 00:44
Chips_B_Malroy	I say it might fail anti-trust in EU	Mar 04 00:45
Chips_B_Malroy	but its a rubber stamp here in USA	Mar 04 00:45
*bruce89 (~bruce89@78.33.73.43) has joined #boycottnovell		Mar 04 00:45
schestowitz	How so?	Mar 04 00:46
Chips_B_Malroy	picture, if you need one:  http://hattie.typepad.com/hatties_web/2007/11/paul-e-singer.html	Mar 04 00:47
phIRCe-BNc	Title: Hattie's Web: Paul E. Singer .::. Size~: 44.09 KB	Mar 04 00:47
schestowitz	Chips_B_Malroy: http://boycottnovell.com/2010/02/21/sco-infighting-and-infiltrations/	Mar 04 00:48
phIRCe-BNc	Title: Just in Time: SCO Finds Another Cash Injection Proposal& from Former SCO Chairman | Boycott Novell .::. Size~: 108.35 KB	Mar 04 00:48
Chips_B_Malroy	http://dailynews1001.blogspot.com/2010/03/elliott-offers-2-billion-buyout-of.html   "In a letter to Novell's board, Elliott portfolio manager Jesse Cohn said the offer, net of about $1 billion in cash in the company, implies a $1 billion enterprise value, a 49 percent premium to the company's current enterprise value."	Mar 04 00:50
phIRCe-BNc	Title: DailyNews1001.Blogspot.Com: Elliott Offers $2 Billion Buyout of Novell .::. Size~: 154.83 KB	Mar 04 00:50
Chips_B_Malroy	so Novell still has 1 billion in cash, if I read this right, and the offer really is only for another billion	Mar 04 00:51
schestowitz	Yes	Mar 04 00:51
schestowitz	But Novell also has debt	Mar 04 00:51
schestowitz	About half a billion	Mar 04 00:51
schestowitz	http://www.theregister.co.uk/2010/03/01/sco_mcbride_to_buy_mobile_assets/	Mar 04 00:51
phIRCe-BNc	Title: SCO's Linux litigation architect angles for SCO's mobile biz ● The Register .::. Size~: 24.51 KB	Mar 04 00:51
Chips_B_Malroy	So maybe Novell only has enough cash to last a couple of quarters then, without going into debt?	Mar 04 00:54
Chips_B_Malroy	Horseplan has not been good for Novell	Mar 04 00:54
schestowitz	Horseplan?	Mar 04 00:54
schestowitz	Trojan?	Mar 04 00:55
MinceR	hovsepian	Mar 04 00:55
Chips_B_Malroy	should have been shown the door long ago	Mar 04 00:55
schestowitz	Yes	Mar 04 00:55
Chips_B_Malroy	I like the Horseplan name better	Mar 04 00:56
-BNtwitter/#boycottnovell-[schestowitz] #Dell #Fail http://www.ubergizmo.com/15/archives/2010/03/dell_mistakenly_charges_100k_for_linux_netbook.html		Mar 04 00:56
phIRCe-BNc	Title: Dell Mistakenly Charges $100k For Linux Netbook .::. Size~: 30.68 KB	Mar 04 00:56
DaemonFC	well, they have a lot of patents	Mar 04 00:57
DaemonFC	putting their future in question means "Who gets the patents?"	Mar 04 00:58
DaemonFC	someone will get them, even in a bankruptcy sale	Mar 04 00:58
Chips_B_Malroy	check out this site Roy, its a resource:  http://www.nndb.com/org/774/000167273/	Mar 04 00:59
phIRCe-BNc	Title: Bluegrass Committee .::. Size~: 14.23 KB	Mar 04 00:59
schestowitz	I sometimes think of these people in Peru	Mar 04 01:01
schestowitz	Some are not literate	Mar 04 01:01
schestowitz	And some jerk in New York and ripping them off even more	Mar 04 01:01
schestowitz	Pretending to help	Mar 04 01:01
schestowitz	If only they knew how it works	Mar 04 01:01
Chips_B_Malroy	they exploit the poor	Mar 04 01:01
schestowitz	This Singer guy belongs in prison	Mar 04 01:01
schestowitz	He seems to use proxies	Mar 04 01:01
schestowitz	Like the one in an Island for a Congo loan	Mar 04 01:01
schestowitz	Chips_B_Malroy: yes, exploit the poor to get even more rich from millions of farmers	Mar 04 01:02
schestowitz	Icahn seems like peanuts next to this person	Mar 04 01:02
schestowitz	No wonder he's keeping so discreet	Mar 04 01:02
schestowitz	Voting Republicans	Mar 04 01:02
Chips_B_Malroy	not all republicans are bad	Mar 04 01:02
schestowitz	To turn a blind eye with "free market" BS while he commit white-collar crimes	Mar 04 01:03
schestowitz	Chips_B_Malroy: neo-cons	Mar 04 01:03
schestowitz		Mar 04 01:03
schestowitz	[00:56] <Chips_B_Malroy> I like the Horseplan name better	Mar 04 01:03
Chips_B_Malroy	they use the law, to their own means	Mar 04 01:03
schestowitz	He's from IBM	Mar 04 01:03
schestowitz	Like Jaffe	Mar 04 01:03
schestowitz	But Jaffe left	Mar 04 01:03
schestowitz	Levy too	Mar 04 01:03
schestowitz	Before the bid	Mar 04 01:03
schestowitz	JIT	Mar 04 01:03
schestowitz	Also Zonker and Friedman	Mar 04 01:03
schestowitz	Chips_B_Malroy: yes, he's a lawyer	Mar 04 01:03
Chips_B_Malroy	Eric Scmidt, who runs Google, used to run Novell?	Mar 04 01:03
schestowitz	Yes	Mar 04 01:04
Chips_B_Malroy	wonder if the link I should be using for Singer, since he went to Harvard, is Gates Senior instead?	Mar 04 01:04
Chips_B_Malroy	They probably smart enough so no real link can be established	Mar 04 01:05
schestowitz	Check their ages	Mar 04 01:06
schestowitz	I think Gates Sr. is older	Mar 04 01:06
Chips_B_Malroy	63 I think	Mar 04 01:06
Chips_B_Malroy	more Bill age	Mar 04 01:06
schestowitz	Maybe they went to the same class or something	Mar 04 01:06
Chips_B_Malroy	could be	Mar 04 01:06
schestowitz	But Microsoft has other execs	Mar 04 01:06
schestowitz	No Harvard grads I can think of	Mar 04 01:06
schestowitz	Not even BillG	Mar 04 01:07
schestowitz	He dropped out	Mar 04 01:07
tessier	http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2010/03/04/201003040036.asp	Mar 04 01:07
Chips_B_Malroy	Billy G, wasn't it Harvard he dropped out?  and later got an honorary?	Mar 04 01:07
phIRCe-BNc	Title: The Korea Herald : The Nation's No.1 English Newspaper .::. Size~: 6.37 KB	Mar 04 01:07
DaemonFC	schestowitz, he has an honorary degree from Harvard	Mar 04 01:07
MinceR	so harvard sucks up to criminals too	Mar 04 01:09
DaemonFC	http://www.networkworld.com/news/2007/032207-bill-gates-to-finally-receive.html	Mar 04 01:09
phIRCe-BNc	Title: Bill Gates to finally receive his Harvard degree .::. Size~: 85.17 KB	Mar 04 01:09
Chips_B_Malroy	DaemonFC, you see some of the candidates that Singer gave money to?	Mar 04 01:09
schestowitz	MinceR: well, duh. I've fallen behind in Linux news	Mar 04 01:09
schestowitz	brb	Mar 04 01:09
schestowitz	DaemonFC: I knew that	Mar 04 01:09
schestowitz	It doesn't count	Mar 04 01:09
Chips_B_Malroy	sorry, I distract with this	Mar 04 01:09
MinceR	not just corvinus university of budapest does	Mar 04 01:09
schestowitz	Maybe he committed crimes for a few decades, so he got the diploma	Mar 04 01:10
schestowitz	It shows he managed to hack the system	Mar 04 01:10
schestowitz	That grants him good honours	Mar 04 01:10
DaemonFC	it's a harvard degree	Mar 04 01:10
MinceR	this is a new sense of "honor" to me	Mar 04 01:10
schestowitz	Some lawyers become patent trolls	Mar 04 01:10
schestowitz	Like Ray iNiro	Mar 04 01:10
Chips_B_Malroy	its all about money	Mar 04 01:10
schestowitz	*Niro	Mar 04 01:10
MinceR	i thought harvard was a reputable university	Mar 04 01:10
schestowitz	Chips_B_Malroy: at someone's expense	Mar 04 01:10
schestowitz	MinceR: so was Stalin	Mar 04 01:11
schestowitz	Reputable	Mar 04 01:11
schestowitz	He had statues	Mar 04 01:11
MinceR	lol	Mar 04 01:11
Chips_B_Malroy	its seems Harvard is in busness of turning out some real heartless lawyers	Mar 04 01:11
MinceR	if only they were heartless.	Mar 04 01:12
MinceR	then their cells would quickly die of hypoxia.	Mar 04 01:12
DaemonFC	schestowitz, Just ask MinceR what the Hungarians did to his statues	Mar 04 01:13
DaemonFC	hint "He's a little shorter than he used to be"	Mar 04 01:13
MinceR	:>	Mar 04 01:13
DaemonFC	http://en.wikipedia.org/wiki/File:Stalin%27s_Boots.jpg	Mar 04 01:13
phIRCe-BNc	Title: File:Stalin's Boots.jpg - Wikipedia, the free encyclopedia .::. Size~: 37.95 KB	Mar 04 01:14
MinceR	sadly they didn't do that to the soviet monument on Kossuth square	Mar 04 01:14
DaemonFC	MinceR, is it still there?	Mar 04 01:14
MinceR	and our corrupt russianophile government insists on protecting it	Mar 04 01:14
DaemonFC	surely not	Mar 04 01:14
MinceR	it's still there	Mar 04 01:14
MinceR	they say it's protected by an agreement with the russians	Mar 04 01:14
DaemonFC	defaced at least?	Mar 04 01:14
MinceR	i say fuck the russians	Mar 04 01:14
MinceR	there were defacements, but it was restored	Mar 04 01:14
DaemonFC	no.....	Mar 04 01:14
DaemonFC	damn	Mar 04 01:14
DaemonFC	blow it up?	Mar 04 01:15
MinceR	these spineless criminals don't mind at all that we have a memorial that mentions the occupation by russians as "liberation"	Mar 04 01:15
*qu1j0t3 (~FurnaceBo@BAS1-TORONTO10-1279748949.dsl.bell.ca) has joined #boycottnovell		Mar 04 01:15
MinceR	it should be blown up	Mar 04 01:15
MinceR	preferably with our politicians neatly tied to it	Mar 04 01:15
Chips_B_Malroy	so here is a lawyer trying to buy Novell with the hedge fund that he controls, which the investors are private.  Should the question be, what does Novell have, or could have after the SCO trial, that certain companies, or patent trolls, would want?	Mar 04 01:15
DaemonFC	MinceR, That's a crime against the citizens that suffered under that regime and died trying to free themselves of it.	Mar 04 01:16
DaemonFC	It should be bulldozed	Mar 04 01:16
MinceR	it is	Mar 04 01:16
MinceR	but you can see their agenda pretty clearly	Mar 04 01:16
DaemonFC	preserving it should not be tolerated	Mar 04 01:16
DaemonFC	storm the fucking thing and tear it apart before they can disperse you	Mar 04 01:17
DaemonFC	don't give them a choice	Mar 04 01:17
sebsebseb	DaemonFC: jono  By the way here's an interview with one of the Ubuntu ops http://fridge.ubuntu.com/node/1988	Mar 04 01:17
phIRCe-BNc	Title: Interview With Melissa | The Fridge .::. Size~: 12.48 KB	Mar 04 01:17
MinceR	they effect censorship on talk about the holocaust but protect a monument that calls the russian occupation "liberation"	Mar 04 01:17
MinceR	and they go around calling themselves democrats	Mar 04 01:17
DaemonFC	MinceR, I noticed the Communists anywhere never invade or mass murder	Mar 04 01:18
DaemonFC	it's always "liberate"	Mar 04 01:18
DaemonFC	liberate them from the way of life they previously enjoyed?	Mar 04 01:18
DaemonFC	liberate them from their life?	Mar 04 01:18
sebsebseb	bruce89: oh you are in here, go on the above link I guess	Mar 04 01:18
MinceR	liberate them from the previous oppressors... only to take over	Mar 04 01:18
schestowitz	MinceR: the Democrats liberate them from the Democrats	Mar 04 01:19
schestowitz	MinceR: the Democrats liberate them from the Democrats	Mar 04 01:19
DaemonFC	jono, That's terribly unprofessional and unsporting	Mar 04 01:19
MinceR	they say the Democrats liberated us from the Nazis	Mar 04 01:19
schestowitz	MinceR: the Democrats liberate them from the Rpublicans	Mar 04 01:19
DaemonFC	you do know that?	Mar 04 01:19
jono	DaemonFC, what is?	Mar 04 01:19
schestowitz	MinceR: the Republicans liberate them from the  Democrats	Mar 04 01:19
schestowitz	Love choice	Mar 04 01:19
DaemonFC	jono, http://fridge.ubuntu.com/node/1988	Mar 04 01:19
phIRCe-BNc	Title: Interview With Melissa | The Fridge .::. Size~: 12.48 KB	Mar 04 01:20
MinceR	one dictatorship after the other, with different logos	Mar 04 01:20
jono	DaemonFC, what about it	Mar 04 01:20
MinceR	and different affiliations	Mar 04 01:20
schestowitz	Blackwater liberated Iraq from Saddam	Mar 04 01:20
DaemonFC	jono, Just poor taste is all. Those CDs could have helped people.	Mar 04 01:20
jono	DaemonFC, lol, I didnt do it	Mar 04 01:21
jono	:)	Mar 04 01:21
schestowitz	It looks like they are eaten, DaemonFC	Mar 04 01:21
sebsebseb	DaemonFC: CD's????	Mar 04 01:21
bruce89	I think it's called sarcasm	Mar 04 01:21
DaemonFC	friendly competition, jono	Mar 04 01:21
DaemonFC	:)	Mar 04 01:21
jono	:)	Mar 04 01:21
DaemonFC	FRIENDLY	Mar 04 01:21
bruce89	or something along those lines	Mar 04 01:21
DaemonFC	means don't steal :P	Mar 04 01:21
jono	DaemonFC, appreciate the advice	Mar 04 01:21
DaemonFC	ceiling cat is watching you	Mar 04 01:21
jono	lol	Mar 04 01:21
schestowitz	"Ubuntu" means "CD-ROMs for others"	Mar 04 01:22
MinceR	what's with the stealing CDs?	Mar 04 01:22
sebsebseb	bruce89: remember that roved guy?	Mar 04 01:22
bruce89	no	Mar 04 01:22
MinceR	the article doesn't say anything about it	Mar 04 01:22
sebsebseb	bruce89: well anyway he has meet elky/melissa at the Sydney Lug a few times, and he said he took the photo in  the thing I linked to	Mar 04 01:22
bruce89	I see	Mar 04 01:23
DaemonFC	schestowitz, Have you read that lolcat bible?	Mar 04 01:23
DaemonFC	It's actually kind of funny	Mar 04 01:23
sebsebseb	bruce89: so I guess he has mett her more than a few times	Mar 04 01:24
bruce89	DaemonFC: "At start, no has lyte. An Ceiling Cat sayz, i can haz lite? An lite wuz. (Genesis 1, 3)" and so on?	Mar 04 01:24
schestowitz	DaemonFC: no	Mar 04 01:24
DaemonFC	bruce89, Leviticus chapter 18	Mar 04 01:24
sebsebseb	DaemonFC: so I wasn't following, why exactly don't you like that link	Mar 04 01:25
sebsebseb	?	Mar 04 01:25
DaemonFC	read that and lol	Mar 04 01:25
DaemonFC	sebsebseb, Snatching Fedora CDs	Mar 04 01:25
schestowitz	take your lol and shove it up your cat	Mar 04 01:25
*jono has quit (Quit: Ex-Chat)		Mar 04 01:25
DaemonFC	sebsebseb, http://www.lolcatbible.com/index.php?title=Leviticus_18	Mar 04 01:25
phIRCe-BNc	Title: Leviticus 18 - LOLCat Bible Translation Project .::. Size~: 21.74 KB	Mar 04 01:25
sebsebseb	DaemonFC: snatching Fedora CD's what? also now your linking to some  sort of werid page or something, why?	Mar 04 01:26
DaemonFC	Leviticus 18	Mar 04 01:26
MinceR	lol, "beej"	Mar 04 01:26
DaemonFC	hilarious either way, but moreso in lolcat	Mar 04 01:26
DaemonFC	MinceR agrees I think :)	Mar 04 01:27
DaemonFC	16 No can has teh secks wif ur broes hoes. Dats ur bro d00d!	Mar 04 01:27
DaemonFC	:D	Mar 04 01:27
MinceR	yhwh seemed to be kind of obsessed with repeating his title	Mar 04 01:27
MinceR	even in the original	Mar 04 01:27
MinceR	confidence issues?	Mar 04 01:28
DaemonFC	huh?	Mar 04 01:28
MinceR	"i am the lord" over and over	Mar 04 01:28
DaemonFC	oh right	Mar 04 01:28
DaemonFC	all throughout the bible	Mar 04 01:28
DaemonFC	17 No can has gangbang wif grandma and granddawter. Has to big age difrns. Srsly.	Mar 04 01:28
MinceR	lol	Mar 04 01:28
DaemonFC	19 No can get ur harbl wetted when ur hoes has teh bluds in hur harbl.	Mar 04 01:29
DaemonFC	funniest chapter in the lolcat bible	Mar 04 01:29
MinceR	:D	Mar 04 01:29
DaemonFC	22 No can has ghey... srsly. srry, but no.	Mar 04 01:30
DaemonFC	oh noez!	Mar 04 01:30
MinceR	pwnt	Mar 04 01:30
Chips_B_Malroy	http://www.thealphaninja.com/2010/03/novell-up-30-after-hours-on-buyout.html	Mar 04 01:30
phIRCe-BNc	Title: AlphaNinja: Novell up 30% after hours, on buyout offer from Elliott International (NOVL) .::. Size~: 84.63 KB	Mar 04 01:30
DaemonFC	don't get why that makes them more valuable?	Mar 04 01:31
DaemonFC	hmmmm	Mar 04 01:31
MinceR	because they expect Elliott to pay more than novell is worth	Mar 04 01:31
schestowitz	http://mac.blorge.com/2010/03/02/the-main-thing-is-not-to-install-flash-says-hacker-miller/	Mar 04 01:31
phIRCe-BNc	Title: The main thing is not to install Flash, says hacker Miller - MAC.BLORGE .::. Size~: 39.29 KB	Mar 04 01:31
schestowitz	MinceR: Ellio^H^H^H^H^H^HSinger	Mar 04 01:31
Chips_B_Malroy	Since Elliot already owns 8.5% of Novell, a 30% increase is almost insider trading	Mar 04 01:32
schestowitz	You mean if they fake desire?	Mar 04 01:32
MinceR	do you want to keep your mac secure? upgrade to gnu/linux.	Mar 04 01:32
schestowitz	They could have a mate do that	Mar 04 01:32
schestowitz	That's how it's done, Chips_B_Malroy	Mar 04 01:32
schestowitz	They put a mate in to reduce suspicion	Mar 04 01:32
Chips_B_Malroy	quote from that link:  "  Shares of enterprise software concern Novell (NOVL) are trading up sharply after hours, after multi-strategy Elliott International put out an offer to acquire the entire company for $5.75 per share. Elliott will now reap an instant windfall from the shares they've recently purchased between 4.30 and 4.75 in recent months."	Mar 04 01:32
Chips_B_Malroy	yes	Mar 04 01:32
schestowitz	Then they make the announcement and have the friend dump	Mar 04 01:33
bruce89	one good thing to come of the whole iPhone thing is flash being not liked so much	Mar 04 01:33
schestowitz	The stock market is more corrupt than casinos	Mar 04 01:33
schestowitz	Some people had to wait till the mltdown to realise	Mar 04 01:33
schestowitz	They put their whole savings/pensions/cash in there	Mar 04 01:33
schestowitz	And got robbed	Mar 04 01:33
schestowitz	Banks then looted what's left in the form of deficit	Mar 04 01:33
schestowitz	I.e. the kids and grandkids will pat bankers tomorrow for what they pocket _today_	Mar 04 01:34
Chips_B_Malroy	yes	Mar 04 01:34
schestowitz	Bonuses. Yay !! :-)	Mar 04 01:34
MinceR	bruce89: isn't it balanced by lock-in and DRM being liked more?	Mar 04 01:34
schestowitz	GS - 23 billion on bonuses this year	Mar 04 01:34
schestowitz	Reward for bankrupting Greece? :-)	Mar 04 01:34
Chips_B_Malroy	Will Greece drag down the whole EU?	Mar 04 01:35
schestowitz	It's sad that the world's biggest criminals walk away free	Mar 04 01:35
schestowitz	Some are even admired as national heroes	Mar 04 01:35
schestowitz	Like Trump	Mar 04 01:35
bruce89	MinceR: of course	Mar 04 01:35
Chips_B_Malroy	Then there's Spain and Britian, neither one of them is in great shape either	Mar 04 01:35
schestowitz	Chips_B_Malroy: well, we have to bail them out	Mar 04 01:35
schestowitz	Some say that GS may have 'pulled a Greece'  in the UK	Mar 04 01:35
schestowitz	But I never saw much evidence, yet	Mar 04 01:36
bruce89	Britain's currency doesn't help	Mar 04 01:36
schestowitz	http://www.hpcwire.com/features/Fixstars-Launches-Linux-for-CUDA-86044987.html	Mar 04 01:36
phIRCe-BNc	Title: HPCwire: Fixstars Launches Linux for CUDA .::. Size~: 97.91 KB	Mar 04 01:36
schestowitz	I have a quick question	Mar 04 01:37
Chips_B_Malroy	what is happening in Britian, is starting to happen here in the USA.  In that the second round of layoffs are now starting to happen at the State level,  California is of course first.	Mar 04 01:37
schestowitz	Now that Singer wants to conquer Novell...	Mar 04 01:37
schestowitz	Should we call for Singer's imprisonment?	Mar 04 01:37
schestowitz	And at least exposed his crimes against socity?	Mar 04 01:37
schestowitz	Like we did Monsanto?	Mar 04 01:37
schestowitz	Or would that be a distraction?	Mar 04 01:38
cubezzz	what bad stuff did Trump do?	Mar 04 01:38
schestowitz	Google it	Mar 04 01:38
MinceR	gn	Mar 04 01:38
schestowitz	Also Buffet	Mar 04 01:38
DaemonFC	Chips_B_Malroy, Califnoria is a bunch of money wasting uber-liberals	Mar 04 01:38
schestowitz	The rich people have a great crime behind their great wealth	Mar 04 01:38
schestowitz	Otherwise they don't get their	Mar 04 01:38
schestowitz	*there	Mar 04 01:38
DaemonFC	they could tax 100% and not balance the budget	Mar 04 01:38
schestowitz	*Buffett	Mar 04 01:38
Chips_B_Malroy	Its obvious that Icahn was a Ballmer/Gates puppet.  Question is, is Singer?	Mar 04 01:39
schestowitz	http://www.financierworldwide.com/article.php?id=6286	Mar 04 01:39
phIRCe-BNc	Title: Elliott offers $2bn to buy Novell .::. Size~: 21.77 KB	Mar 04 01:39
schestowitz	Check out publication name	Mar 04 01:39
schestowitz	That word make me hurl	Mar 04 01:39
schestowitz	Chips_B_Malroy: Icahn spoke to them	Mar 04 01:40
schestowitz	CNET reported it	Mar 04 01:40
schestowitz	Leaves little room for questions	Mar 04 01:40
schestowitz	BN has an overview for the whole thing	Mar 04 01:40
Chips_B_Malroy	Singer would not have a problem using Novell to sue others, like SCO is doing.  But then, it could be he just will cut it back, and run the profitable part.	Mar 04 01:40
schestowitz	But for the media, it's a quiet coup and story they won't tell	Mar 04 01:40
schestowitz	Crime makes IT too go round sometimes	Mar 04 01:40
schestowitz	See SCO case foir details	Mar 04 01:40
schestowitz	Almost 7 years now	Mar 04 01:40
Chips_B_Malroy	obsence amount of time for a bankrupcy, 7 years SCO	Mar 04 01:41
schestowitz	"New York based Elliott Associates manages more than $16 billion of capital for large institutional investors and wealthy individuals, and already holds 8.5 per cent stake in Waltham, Massachusetts-based Novell and has offered to acquire the remaining 91.5 per cent at a premium of 21 per cent over Novell's Tuesday closing price."	Mar 04 01:42
schestowitz	http://www.domain-b.com/infotech/itnews/20100303_elliott_associates.html	Mar 04 01:42
phIRCe-BNc	Title: domain-b.com : Elliott Associates makes $2 billion unsolicited bid for Novell .::. Size~: 11.2 KB	Mar 04 01:42
schestowitz	It used to have about $5 a few years ago	Mar 04 01:42
schestowitz	It sure attracts a lot of interest	Mar 04 01:42
schestowitz	Like another IV	Mar 04 01:42
Chips_B_Malroy	Horseplan ran it into the ground	Mar 04 01:42
schestowitz	http://techdirt.com/articles/20100301/0202228334.shtml http://www.law.com/jsp/PubArticle.jsp?id=1202444627585	Mar 04 01:43
phIRCe-BNc	Title: Intellectual Ventures Lending Its Patents To Members To Sue Others | Techdirt .::. Size~: 54.83 KB	Mar 04 01:43
phIRCe-BNc	Title: Law.com - Verizon Case Marks a First for Patent Holder .::. Size~: 14.29 KB	Mar 04 01:43
Chips_B_Malroy	Again a quote from the last link I posted:  " It will be interesting to see what happens here. Elliott International has been a shareholder for literally days, something that won't exactly win them favor with management. The letter they shared today does not cite a commitment to finance this deal, and they are quite clear about this being a very "casual" buyout offer. I'm left to wonder if they're actually serious ab	Mar 04 01:47
Chips_B_Malroy	ampaign to draw attention to management's under-utilization of this company's profit potential. The best outcome for Elliott - in my view - is interest from other parties or a big new cost-cutting commitment from management."	Mar 04 01:48
Chips_B_Malroy	Maybe Miguel needs to look eslewhere for a job	Mar 04 01:50
Chips_B_Malroy	cost cutting	Mar 04 01:51
schestowitz	http://www.theinquirer.net/inquirer/news/1594527/staff-cuts-ibm-alarm-union	Mar 04 02:00
phIRCe-BNc	Title:                     Staff cuts at ibm alarm union - The Inquirer          .::. Size~: 57.45 KB	Mar 04 02:00
schestowitz	http://www.scotusblog.com/2010/03/analysis-problems-with-enron-jury/	Mar 04 02:05
phIRCe-BNc	Title: SCOTUSblog €» Analysis: Problems with Enron jury       .::. Size~: 36.59 KB	Mar 04 02:05
schestowitz	Chips_B_Malroy: I'm checking what PJ makes of it...	Mar 04 02:06
schestowitz	In any case, I'll post tomorrow	Mar 04 02:07
sebsebseb	Spanish police arrest masterminds of 'massive' botnet http://news.bbc.co.uk/1/hi/technology/8547453.stm	Mar 04 02:07
phIRCe-BNc	Title: BBC NEWS | News Front Page .::. Size~: 86.94 KB	Mar 04 02:07
schestowitz	I've asked another person who's close to NOVL	Mar 04 02:07
schestowitz	sebsebseb: they arrested Ballmer??	Mar 04 02:07
schestowitz	They need to get to the root of the problem	Mar 04 02:07
schestowitz	"[PJ: What a coincidence. Just on the eve of trial in SCO v. Novell. Elliott says they own 8.5% of Novell's common stock.]"	Mar 04 02:09
schestowitz	Same in the INQ	Mar 04 02:09
schestowitz	http://www.theinquirer.net/inquirer/news/1594559/elliott-novell-private	Mar 04 02:10
phIRCe-BNc	Title:                     Elliott wants to take novell private  - The Inquirer          .::. Size~: 54.98 KB	Mar 04 02:10
schestowitz	"JUST BEFORE the trial opens in the SCO v. Novell lawsuit, investment fund Elliott Associates has offered to buy Novell for $2 billion."	Mar 04 02:10
Chips_B_Malroy	yes, the timing is perfect	Mar 04 02:11
sebsebseb	schestowitz: that article doesn't mention that it's Windows computers that get taken over, also the image they used, I think I seen that before in some other BBC botnet article	Mar 04 02:11
schestowitz	'To do so, Mr. Singer is looking to to raise money from investors, the report said. Elliott could round up roughly $2 billion next year by inviting existing investors to commit more money, MarketWatch said, citing one investor who’s adding to positions and spoke on condition of anonymity.'	Mar 04 02:11
schestowitz	http://dealbook.blogs.nytimes.com/2009/12/14/elliott-eyes-assets-in-distress-report-says/	Mar 04 02:12
phIRCe-BNc	Title: Error processing the URL:  .::. Size~: 0 KB	Mar 04 02:12
sebsebseb	schestowitz: however it seems that important companies as well as banks, have computers that have come part of the botnet, or did I read that wrong?	Mar 04 02:12
schestowitz	'“Now the party is truly over,” Paul Singer, founder of the $16 billion hedge fund, wrote in a confidential letter to investors Oct. 15, obtained by MarketWatch. “The current economic and market environment resembles the one for which Elliott was formed.” '	Mar 04 02:12
sebsebseb	schestowitz: "It included PCs inside more than half of Fortune 1000 companies and more than 40 major banks, investigators said."	Mar 04 02:13
schestowitz	Hedge fund giant Elliott ramps up in wake of credit 'party'	Mar 04 02:13
schestowitz	http://www.marketwatch.com/story/hegde-fund-giant-elliott-ramps-up-after-credit-woe-2009-12-09?reflink=MW_news_stmp	Mar 04 02:13
phIRCe-BNc	Title: Giant Elliott ramps up after credit crisis - MarketWatch .::. Size~: 86.38 KB	Mar 04 02:13
Chips_B_Malroy	would those 8.5% of the stocks that Elliot has, be voting shares?	Mar 04 02:13
Chips_B_Malroy	would guess yes	Mar 04 02:13
cubezzz	found some not-so-good info on Trump	Mar 04 02:14
cubezzz	http://www.arystoteles.pl/nmf/acn-scam.php	Mar 04 02:14
sebsebseb	schestowitz: it's a joke really,  computers out there that are meant to be important/special  and since they run Windows,  and I guess have people who don't know how to keep it secure enough after all, well those computers become part of a botnet	Mar 04 02:14
Chips_B_Malroy	Trump is small change	Mar 04 02:14
cubezzz	he gets a lot of publicity though	Mar 04 02:15
sebsebseb	schestowitz: oh if only most computer users knew,  about botnets, and that they tend to be Windows computers the infected ones	Mar 04 02:15
bruce89	there would be lot more macs around in that case	Mar 04 02:16
sebsebseb	bruce89: Macs can become part of a botnet as well	Mar 04 02:16
sebsebseb	I think that's happended before even	Mar 04 02:16
bruce89	anything theoretically can	Mar 04 02:16
sebsebseb	bruce89: well yeah	Mar 04 02:16
sebsebseb	except for really really basic OS's for example I guess	Mar 04 02:16
bruce89	although Atari STs are probably safe	Mar 04 02:17
schestowitz	http://dealbook.blogs.nytimes.com/2010/01/25/hedge-funds-sue-porsche-for-1-billion-lost-on-vw/	Mar 04 02:17
phIRCe-BNc	Title: Error processing the URL:  .::. Size~: 0 KB	Mar 04 02:17
sebsebseb	bruce89: Atari STs ???	Mar 04 02:17
sebsebseb	bruce89: There would be much more Desktop Linux around, if all of a sudden most computer users,  stopped being so ignorant.	Mar 04 02:18
cubezzz	duh duh DUH	Mar 04 02:19
schestowitz	"[PJ: Private? They want to take it private? So... would that mean all the dirt on Microsoft or whoever else is behind the SCO attack on Linux that likely surfaced in discovery in  SCO v. Novell would disappear from the planet?] -"	Mar 04 02:20
schestowitz	This is like organised crime AFAICT	Mar 04 02:20
Chips_B_Malroy	or someone else could use the Unix copyrites to sue IBM and Linux	Mar 04 02:21
Chips_B_Malroy	if Novell wins	Mar 04 02:21
Chips_B_Malroy	or sue MS	Mar 04 02:21
Chips_B_Malroy	but mostly the money behind this is probably MS money	Mar 04 02:21
cubezzz	business isn't pretty	Mar 04 02:21
cubezzz	it would be nice if everyone played fair	Mar 04 02:22
Chips_B_Malroy	Sun/Oracle could also be in the crosshairs	Mar 04 02:22
Chips_B_Malroy	for open sourcing Solarous, and paying SCO to do it.	Mar 04 02:23
Chips_B_Malroy	Although, I think Sun would win that court case	Mar 04 02:23
schestowitz	"Elliott began acquiring Novell stock on Jan. 4 and controls about 8.5 percent of the company. -  AP on Google"	Mar 04 02:26
schestowitz	bingo	Mar 04 02:26
schestowitz	Cahn...	Mar 04 02:27
schestowitz	For SCO	Mar 04 02:27
schestowitz	Cohn for Elliot	Mar 04 02:27
Chips_B_Malroy	Suse needs to folk	Mar 04 02:28
schestowitz	http://www.businessweek.com/technology/content/feb2010/tc20100228_486251.htm?campaign_id=rss_topStories	Mar 04 02:31
phIRCe-BNc	Title: Fighting a Flood of Counterfeit Tech Products - BusinessWeek .::. Size~: 53.33 KB	Mar 04 02:31
schestowitz	Chips_B_Malroy: yes	Mar 04 02:31
schestowitz	Some read BN	Mar 04 02:31
schestowitz	They'll get the message about Novell one day	Mar 04 02:32
-BNi/#boycottnovell-[sagarun/@sagarun] Just checked my weight, it is 66.6 :D - beast of the evil		Mar 04 02:32
Chips_B_Malroy	Addresses for Elliot and Icahn are very close togeather on 5th Ave	Mar 04 02:33
Chips_B_Malroy	Elliot:  712 5th Ave Fl 36    Icahn Associates (Carl Icann):    767 Fifth Ave Suite 4700	Mar 04 02:35
sebsebseb	schestowitz: something about the buttons on the left in the new theme for 10.04	Mar 04 02:35
sebsebseb	schestowitz: yeah they are trying to copy OS X a bit here and there it seems	Mar 04 02:35
sebsebseb	DaemonFC  hi ^^^^^	Mar 04 02:35
Chips_B_Malroy	of course, that could just be coinincedence	Mar 04 02:35
sebsebseb	in another channel I got someone that wants me to give proper reasons for why the  buttons should be on the right	Mar 04 02:36
sebsebseb	telling them that it should be on the right since that's how Windows does it,  doesn't seem to be enough for this person	Mar 04 02:36
-BNtwitter/#boycottnovell-[qu1j0t3] My brother has been working on Linux/mac68k port. He just booted 2.6.31 on a IIfx - 20 year old machine. #linux #kernel #mac #m68k #geek		Mar 04 02:36
-BNtwitter/#boycottnovell-[qu1j0t3] Hm, why can't I block 'protected' ppl?		Mar 04 02:37
bruce89	both are equally valid, but right seems to be more normal	Mar 04 02:38
-BNtwitter/#boycottnovell-[qu1j0t3] RT @JesusChristHere @DesseMundo There's only 1 god Lord Jesus Christ He ws never caught lip-synching /gawd, what kind of twits have we here		Mar 04 02:41
-BNi/#boycottnovell-[sagarun/@sagarun] just checked my weight it is 66.6 - weight of the evil :D		Mar 04 02:42
-BNtwitter/#boycottnovell-[qu1j0t3] For those keeping score a #Mac IIfx does ~ 9.75 #BogoMips. An SE/030 does about 3.81 (friend tested in 2003). #linux #benchmarks		Mar 04 02:44
*jweyrich (~none@201-15-164-18.nhoce701.dsl.brasiltelecom.net.br) has joined #boycottnovell		Mar 04 02:45
schestowitz	http://www.prlog.org/10556630-novell-inc-investor-alert-offer-under-investigation.html	Mar 04 02:45
phIRCe-BNc	Title: Novell, Inc. Investor Alert: Offer under investigation .::. Size~: 32.99 KB	Mar 04 02:45
schestowitz	http://www.politico.com/news/stories/0310/33802.html	Mar 04 02:47
phIRCe-BNc	Title: Book: HP eyed Fiorina as dad ruled on case  - Josh Gerstein - POLITICO.com .::. Size~: 60.95 KB	Mar 04 02:47
DaemonFC	"Good catch, let's see if old Steve-o will work for free like he's asking the firefighters to." -Me on the mayor's proposals	Mar 04 02:50
DaemonFC	lol	Mar 04 02:50
schestowitz	Ubuntu is still UBD (ugly by default): http://arstechnica.com/open-source/news/2010/03/ubuntu-dumps-the-brown-introduces-new-theme.ars	Mar 04 02:50
phIRCe-BNc	Title: Ubuntu dumps the brown, introduces new theme and branding .::. Size~: 29.08 KB	Mar 04 02:50
schestowitz	DaemonFC: steve-o from jackass?	Mar 04 02:50
DaemonFC	our mayor's name is Steve and he is a jackass	Mar 04 02:50
DaemonFC	B-)	Mar 04 02:50
DaemonFC	Steve-o	Mar 04 02:50
DaemonFC	hehe	Mar 04 02:50
DaemonFC	hell, I'm an asshole but I'm not stupid, make me the mayor	Mar 04 02:51
DaemonFC	I'll fix his bungling :P	Mar 04 02:51
schestowitz	I know	Mar 04 02:51
schestowitz	I was joking	Mar 04 02:51
schestowitz	Do what steve-o did	Mar 04 02:51
schestowitz	Plunk his eye blow	Mar 04 02:51
schestowitz	*eyebrows	Mar 04 02:51
schestowitz	Like in that episode where he's hairless	Mar 04 02:52
schestowitz	He looked an alien	Mar 04 02:52
DaemonFC	schestowitz, You figure this is a good setup though? Pointing out the mayor is drawing a salary while he asks firefighters to work free and fires cops?	Mar 04 02:52
-BNtwitter/#boycottnovell-[qu1j0t3] >@shoq you're so cute when you're outraged #hcr		Mar 04 02:52
DaemonFC	if the firefighters are expected to work free, so should the mayor	Mar 04 02:53
DaemonFC	if there's no money to pay emergency workers, there's no money to pay him	Mar 04 02:53
DaemonFC	I'm going to hit him with that at the next town meeting	Mar 04 02:54
-BNtwitter/#boycottnovell-[qu1j0t3] But I can top the Mac IIfx running 2.6.31. That's only 20 years old. I have #VAX es 10 years older than that which can in theory boot #Linux		Mar 04 02:54
DaemonFC	"What about the Mayor? Why can't HE take a paycut? How much does he make? Why was he hiring his wife as "Executive Assistant" like this is frapping Chicago or something and he needed a secretary paid out of the town's treasury?"	Mar 04 02:55
DaemonFC	hehe	Mar 04 02:55
DaemonFC	trying to incite some popular anger	Mar 04 02:55
DaemonFC	I'm just going to let loose on him there with a stream of this stuff	Mar 04 02:56
Chips_B_Malroy	Roy, you can add Argentina to the list of Elloits victims  http://blog.managingautomation.com/edge/2008/11/vulture-economics/  "Elliott has done this in strapped developing countries such as Peru, Argentina, and the Republic of Congo where local press reports have labeled the company a “vulture investor.”"	Mar 04 03:04
phIRCe-BNc	Title: Vulture Economics .::. Size~: 29.64 KB	Mar 04 03:04
-BNtwitter/#boycottnovell-[qu1j0t3] Server consolidation getting to be a hot topic. #Sun hardware and software does this *really* well. #sun #sparc #solaris #zfs #green #energy		Mar 04 03:04
Chips_B_Malroy	ah, here it is, the tie-in with Carl Icahn:  "But, like other well-known hedge fund investors, Singer also likes to throw his weight around. Last year, along with hedge fund mogul Carl Icahn, Singer invested in troubled Motorola and, after an unsuccessful takeover bid, forced the resignation of CEO Ed Zander."	Mar 04 03:06
schestowitz	Chips_B_Malroy: nice one	Mar 04 03:07
Chips_B_Malroy	Ballmer--Icahn--Singer	Mar 04 03:07
DaemonFC	http://www.youtube.com/watch?v=2DTjLG3usQo	Mar 04 03:08
phIRCe-BNc	Title: YouTube- Worst Video Games Ever - ET .::. Size~: 122.22 KB	Mar 04 03:08
Chips_B_Malroy	The same bid, then reduce the bid ploy Singer uses that Ballmer also does	Mar 04 03:09
Chips_B_Malroy	lot of good material in that last link	Mar 04 03:09
Chips_B_Malroy	I fear a sale of Novell to Elliot is not a good thing for GNU/Linux	Mar 04 03:10
Chips_B_Malroy	Icahn and Singer both were on the Rudy Giuliani's national finance executive committee during the presidental election.  Also big contributors.   http://hotlineoncall.nationaljournal.com/archives/2007/04/romneys_straw_p.php	Mar 04 03:15
phIRCe-BNc	Title:                 Romney's Straw Poll Victories, Rudy's Finance Team, Edwards Outapces Clinton In WNY - Hotline On Call             .::. Size~: 38.05 KB	Mar 04 03:15
Chips_B_Malroy	another tie-in	Mar 04 03:15
Chips_B_Malroy	"Ex-NYC Mayor Rudy Giuliani unveiled his national finance executive committee today and a list of three dozen regional finance chairs. Bigger names include Carl Icahn, ex-VA Gov. candidate Jerry Kilgore, MD developer John C. Reith, ex-IL Gov candidate Ron Gidwitz, Nat'l Assoc. of Wholesaler-Distributors pres. Dirk Van Dongen and Paul Singer, general parter of Elliott Associates."	Mar 04 03:15
Chips_B_Malroy	its obvious these guys know each other, and seem to be in lock step	Mar 04 03:17
Chips_B_Malroy	Wonder if Bill Senior has offices nearby too	Mar 04 03:18
-BNtwitter/#boycottnovell-[aondo] Good memories from old track, Mahadeva by Astral Projection. Wonder if they are gonna play close to norway in the future. Last was denmark.		Mar 04 03:19
DaemonFC	http://www.youtube.com/watch?v=0kot6JND1uQ&feature=related	Mar 04 03:21
phIRCe-BNc	Title: YouTube- Worst Video Games Ever - Ring King .::. Size~: 115.86 KB	Mar 04 03:21
*bruce89 has quit (Quit: What's this button do?)		Mar 04 03:33
Ender2070	haha	Mar 04 03:38
Ender2070	reiser4 owns	Mar 04 03:38
schestowitz	Chips_B_Malroy: Gates has about 300 offices, IIRC	Mar 04 03:50
schestowitz	Look it up at Wikipedia	Mar 04 03:50
schestowitz	Gaats Sr's firm also handles some of the SCO money	Mar 04 03:51
Chips_B_Malroy	ok	Mar 04 03:52