Quick Mention: Novell's Losses Grow, Despite Layoffs

Dr. Roy Schestowitz

2009-12-04 02:17:37 UTC
Modified: 2009-12-04 02:17:37 UTC

Summary: Quick report on the results Novell has just announced

ACCORDING to MarketWatch, "Novell fourth-quarter loss widens to $255.7 mln"

Novell Inc. said late Thursday that its fiscal fourth-quarter loss widened to $255.7 million, or 74 cents a share, from $16.3 million, or 5 cents a share, in the year-ago period. Excluding one-time items, the IT management software company said it would have reported earnings of 11 cents a share.

The Wall Street Journal tells a similar story and Novell is down before market close (currently up slightly, in afterhours at least).

In late trading, NOVL is down 7 cents, or 1.7%, to $3.97.

More from the Murdoch-tainted press:

Without those charges, the IT management software firm earned 11 cents a share. A year ago, Novell lost $16.3 million, or 5 cents a share.

A detailed report will come on Saturday when we come to consider a lot more coverage and analysis. ⬆

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Quick Mention: Novell's Losses Grow, Despite Layoffs

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