02.28.07
Novell Distributes Wealth of Job Cuts
Novell is expecting quite a large sum of money from last year’s jobs cuts.
Business software maker Novell Inc. said on Wednesday it expects charges of $35 million to $45 million for job cuts and facility closures that began in last year’s fourth quarter.
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Novell has already taken some $150 million in restructuring charges over the past five years, but Chief Executive Ron Hovsepian has said restructuring efforts have failed to realize their full potential in boosting profitability.
So, Ron Hovsepian thought that ‘protection money’ from Microsoft would help, all the expense of the Free Software community. It may be too late to act naive. Novell swallowed a bug in order to give its stock a little boost. As a result, companies became Microsoft’s victims of extortion, although it happens behind the scenes.
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