Takeover of Novell Seen as “Less Likely” by S&P Analyst

Dr. Roy Schestowitz

2010-08-30 09:08:09 UTC
Modified: 2010-08-30 09:08:09 UTC

S&P Summary: Standard & Poor’s analyst Jim Yin believes that Novell is less likely than before to sell itself, but he does not rule out this possibility

A couple of days ago we showed that Novell had been downgraded following poor results [1, 2]. Microsoft booster Eric Savitz quotes further from the same person who downgraded Novell:

Yin thinks that a slowing global economy and weakness in the company’s legacy products also were contributing factors to the weak results. He cuts price target on the stock to $5, from $6, and writes that a potential takeover of the company now appears “less likely.”

Novell is the lifeline which holds together Mono, Moonlight, and MonoDroid, which is the Microsoft-approved way of taking over mobile and embedded Linux. On the other hand, Novell is essential to the SCO case and as steward of "UNIX" it's in the unique position where any takeover is extremely dangerous. ⬆

Comments

dyfet

2010-08-30 11:03:20

It might simply be the case that everyone who has looked at Novell has found nothing of any real value to purchase, whether in part or in whole. At best, they have a small pile of cash, but, as noted, the legal encumbrances and the rather poor sell-ability of their constituent parts might be enough to keep even many of the vultures away outside of Elliot.

Dr. Roy Schestowitz

2010-08-30 11:38:15

It estimated the worth or Novell at about a billion (if you deduct a pile of cash). Red Hat is worth over $6.64 billion at the moment.

Dr. Roy Schestowitz

2010-08-30 11:39:13

s/or/of/

Recent Techrights' Posts

Techrights' Statement on Code of Censorship (CoC) and Kent Overstreet: This Was the Real Purpose of Censorship Agreements All Along: Bombing people is OK (if you sponsor the key organisations), opposing bombings is not (a CoC in a nutshell)
Patents Against Energy Sources That Reduce Pollution: this EV space (not just charging) is a patent mine field and it has long been that way
DARPA’s Information Innovation Office, Howard Shrobe, Values Compartmentalisation But Loses the Opportunity to Promote GNU/Linux and BSDs: All in all, he misses an opportunity
Wayland is an Alternative to X: the alternative to X (as in Twitter) isn't social control media but something like IRC
BetaNews, Desperate for Clicks, is Pushing Donald Trump Spam Created by LLMs (Slop): Big clap to Brian Fagioli for stuffing a "tech" site with Trump spam (not the first time he uses LLMs to do this)
[Meme] Social Control Media Bliss: "My tree is bigger than yours"
Links 24/11/2024: More IMF Bailouts and Net Client Freedom: Links for the day
Gemini Links 24/11/2024: Being a Student and Digital Downsizing: Links for the day
[Meme] The Most Liberal Company: "Insurrection? What insurrection?"
apple.com Traffic Down Over 7%, Says One Spyware Firm; Apple's Liabilities Increased Over 6% to $308,030,000,000: Apple is also about 120 billion dollars in debt
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Saturday, November 23, 2024: IRC logs for Saturday, November 23, 2024
[Meme] GAFAMfox: Mozilla Firefox in a state of extreme distress
Google Can Kill Mozilla Any Time It Wants: That gives Google far too much power over its rival... There are already many sites that refuse to work with Firefox or explicitly say Firefox isn't supported
Free (as in Freedom) Software Helps Tackle the Software Liability Issue, It Lets Users Exercise Greater Control Over Programs: Microsofters have been trying to ban or exclude Free software
In the US, Patent Laws Are Up for Sale: This problem is a lot bigger than just patents
ESET Finds Rootkits, Does Not Explain How They Get Installed, Media Says It Means "Previously Unknown Linux Backdoors" (Useful Distraction From CALEA and CALEA2): FUD watch
Techdirt Loses Its Objectivity in Pursuit of Money: The more concerning aspects are coverage of GAFAM and Microsoft in particular
Links 23/11/2024: Press Sold to Vultures, New LLM Blunders: Links for the day
Links 23/11/2024: "Relationship with Oneself" and Yretek.com is Back: Links for the day
Links 23/11/2024: "Real World" Cracked and UK Online Safety Act is Law: Links for the day
Links 23/11/2024: Celebrating Proprietary Bluesky (False Choice, Same Issues) and Software Patents Squashed: Links for the day
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Friday, November 22, 2024: IRC logs for Friday, November 22, 2024
Gemini Links 23/11/2024: 150 Day Streak in Duolingo and ICBMs: Links for the day
Links 22/11/2024: Dynamic Pricing Practice and Monopoly Abuses: Links for the day
Topics We Lacked Time to Cover: Due to a Microsoft event (an annual malware fest for lobbying and marketing purposes) there was also a lot of Microsoft propaganda
Microsofters Try to Defund the Free Software Foundation (by Attacking Its Founder This Week) and They Tell People to Instead Give Money to Microsoft Front Groups: Microsoft people try to outspend their critics and harass them
[Meme] EPO for the Kids' Future (or Lack of It): Patents can last two decades and grow with (or catch up with) the kids
EPO Education: Workers Resort to Legal Actions (Many Cases) Against the Administration: At the moment the casualties of EPO corruption include the EPO's own staff
Gemini Links 22/11/2024: ChromeOS, Search Engines, Regular Expressions: Links for the day
This Month is the 11th Month of This Year With Mass Layoffs at Microsoft (So Far It's Happening Every Month This Year, More Announced Hours Ago): Now they even admit it
Links 22/11/2024: Software Patents Squashed, Russia Starts Using ICBMs: Links for the day
Over at Tux Machines...: GNU/Linux news for the past day
IRC Proceedings: Thursday, November 21, 2024: IRC logs for Thursday, November 21, 2024