● 05.30.07

●● Forbes Says Novell’s Business Stinks

Posted in Finance, Marketing, Novell at 3:03 pm by Dr. Roy Schestowitz

This seems like a harsh article, but you may still wish to take a quick look.

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Unfortunately for Novell, business isn’t good. Analysts expect the company’s second-quarter earnings will come in around $4.7 million on Wednesday–that’s a drop of of 50%. Worse yet, sales are set to slide to $235.1 million from $278.3 million. As a result, over the past year Novell’s shares have plodded along, dropping from $7.82 to $7.55.

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The company could start buying back shares or it may even reward open-source developers with a few acquisitions, analysts say. Spreading a little of its money around in the open-source community may not make it any more popular, but at least it won’t be the only software company accused of selling out

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This confirms the possibility of buybacks, which was mentioned last week.

Noteworthy: Novell’s (and Microsoft) Betrayal Illustrated Using an Analogy

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