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Novell Denies It’s for Sale

Novell Friday told the SEC it wasn’t thinking of shopping itself
By Maureen O'Gara
Article Rating:
June 29, 2009 08:00 AM EDT
Reads:
 1,739

Novell Friday told the SEC it wasn't thinking of shopping itself after JP Morgan analyst John DiFucci said that Novell's CFO Dana Russell "entertained the possibility of breaking out some parts or of selling the entire company to maximize shareholder value given the current depressed valuation levels."

DiFucci and Russell had met Thursday and DiFucci concluded that "This theme of a breakup or entire sale is a newer theme than one we have heard to date and could signal the company's willingness to be acquired." His research note moved Novell's stock up 10%.

Of course, without Microsoft propping up its Linux business, Novell would be in the tank.

Published June 29, 2009 – Reads 1,739
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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