● 11.20.06

●● Novell Downgraded

Posted in Finance, Novell at 3:17 pm by Dr. Roy Schestowitz

News just in.

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Credit Suisse downgrades Novell

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Credit Suisse said shares of Novell have traded up sharply after the recent partnership announcement with Microsoft Corp. The brokerage said although the new relationship with Microsoft will include a net payment to Novell, this is more of a one-time event and it does not believe the 10 percent appreciation in the stock is sustainable.

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–The brokerage said the company’s Linux patent deal with Microsoft will hurt its standing in the open source community.

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So, the short-term gain which Novell sought might last for a very short term indeed.

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