Comments on: Novell Slides Days After the Financial Results

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 23:57:11 +0000

When the economy is artificially awash with money, nobody minds what the neighbour does. People will hopefully stand up and demand truth now. There’s lots more to be found under the rug. I believe this to be only the beginning.

By: Yfrwlf

Yfrwlf — Sat, 13 Dec 2008 23:20:19 +0000

Yep, thanks, and yes they do, I think tax evasion and fraud of all sorts goes on all over and is pretty widespread, so it wouldn’t at all surprise me.

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 20:48:55 +0000

About the guy, I mean, cause he was a jerk.

"Former Nasdaq chairman" That's how high the corruption goes in FraudStreet. Microsoft (Public, NASDAQ:MSFT) has a little past of fraudulent activity as well. Never mind the tax evasion, the bribery, the bullying, and even the recent imprisonment (for fraud) of an ex-Microsoft manager.

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 20:41:05 +0000

Madoff?

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLD12500520081213
http://online.wsj.com/article/SB122910977401502369.html?mod=googlenews_wsj
http://www.bloomberg.com/apps/news?pid=20601103&sid=aU0f02zh0mtc&refer=us
http://www.reuters.com/article/marketsNews/idUSN1232707620081212
http://www.nytimes.com/2008/12/13/business/13investors.html?em

By: Yfrwlf

Yfrwlf — Sat, 13 Dec 2008 20:38:27 +0000

About the guy, I mean, cause he was a jerk.

By: Yfrwlf

Yfrwlf — Sat, 13 Dec 2008 20:37:41 +0000

@Roy: True and that’s one great example of the unreliability of stock values, there’s a lot more you have to look at to get an accurate picture of how a company is doing. Obviously Enron is another good example, along with what’s-his-face you just reported on (didn’t care enough to try to remember!).

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 20:20:48 +0000

Remember that Novell and Microsoft are both buying their own stock very massively (esp. Microsoft). The share prices don’t tell the whole story.

By: Yfrwlf

Yfrwlf — Sat, 13 Dec 2008 20:11:18 +0000

@Josh: Yeah, I know all that, you basically said the exact same thing I said in an earlier article about the financial state of MS and Novell and such.

Ultimately it’s very hard to assume anything, there’s a lot of jumping around, but one thing is clear and that is businesses aren’t doing so hot right now across the board. I think what may help to give the best picture will be seeing where everyone is at ratio-wise after the economy is over with, as well as seeing which ones rebound the fastest. Not that the stock market is a gold-backed bastion of truth or anything. You take what knowledge you feel you can.

However, many analysts try to make predictions based off shorter-term events. I give them kudos for trying, but it’s certainly riskier to do so, you’re right.

By: Josh Bell

Josh Bell — Sat, 13 Dec 2008 14:46:35 +0000

The response wasn’t to you Roy, the response was to Yfrwlf who mentioned those companies in the first comment.

Last time I said no one was doing very hot over the long period, and that’s obvious due to the recession and all, but after looking at the three month history for several companies, there’s actually an upward movement during the last 30 days for Yahoo, Google, and Red Hat but Novell and Microsoft are lower or leveled off.

I’m not expert economist or anything, just piecing together what I see and I thought it was interesting.

Either way, it’s a really great time for open source operating systems to become much more known.

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 14:36:02 +0000

The problems of Novell are shared by many in a slumping economy. Readers who don’t live under a rock already know this.

By: Dan O'Brian

Dan O'Brian — Sat, 13 Dec 2008 14:01:35 +0000

Roy: that’s precisely the problem. You aren’t mentioning other companies, which takes the stock value of Novell out of context.

It’s like badmouthing someone for only getting a 72% on an exam while failing to mention that everyone else in the course flunked it.

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 13:47:26 +0000

Please show me where in this post I have Red Hat (RHT) or Google (GOOG) mentioned.

By: Josh Bell

Josh Bell — Sat, 13 Dec 2008 13:41:35 +0000

You can’t read anything into 30 days unless you are day trading. Investing in any company takes a lot of patience. The market jumps around. Granted Novell and MS over the last 30 days overall have dropped slightly 7.5 % for Novell and 6.75 % for MS, while Red Hat and Google went up Red Hat up 6.75% and Google up 8.5%. If you look at the last 90 days though you will see that Red Hat has the largest drop, followed by Novell, then Microsoft and then Google. Red Hat in Mid November lost almost 60% of its value. Neither of the other three have seen that large of a drop in a one day period. Just another way to view it.

Take that FWIW since apparently I am only here to heckle and I have no sense of humor.

By: Anonymous

Anonymous — Sat, 13 Dec 2008 11:03:41 +0000

This is Journalism???

By: Roy Schestowitz

Roy Schestowitz — Sat, 13 Dec 2008 01:54:58 +0000

It’s happening, but not in the English-speaking world (and press); not just yet, anyway. Freedom comes from those that hunt for it, mostly in developing nations.

By: Yfrwlf

Yfrwlf — Sat, 13 Dec 2008 01:43:26 +0000

Last time I said no one was doing very hot over the long period, and that’s obvious due to the recession and all, but after looking at the three month history for several companies, there’s actually an upward movement during the last 30 days for Yahoo, Google, and Red Hat but Novell and Microsoft are lower or leveled off.

I’m not expert economist or anything, just piecing together what I see and I thought it was interesting.

Either way, it’s a really great time for open source operating systems to become much more known.