09.13.08

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Novell’s Market Cap Falls Below $2 Billion

Posted in Finance, Microsoft, Novell at 4:28 am by Dr. Roy Schestowitz

N

ovell’s financial problems (and possible fraud) had Microsoft become its master, which even relocates to Fargo, to an extent. While a full takeover is not seen on the rather grim horizon (Novell serves Microsoft better when it appears independent and can therefore intrude Microsoft’s competitors), it’s interesting to find how valueless NOVL has become. It sank below the $2 billion mark, according to Yahoo Finance.

To keep the stock from plunging, Novell is currently buying its own shares [1, 2]. More layoffs are still expected. █

Novell - Google Finance

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