● 10.10.08

●● Quick Mention: Novell’s Value Approaches $1.4B, Stock Falls Nearer to $4

Posted in Free/Libre Software, GNU/Linux, Microsoft, Novell at 10:04 am by Dr. Roy Schestowitz

The turbulence in Wall Street is not so bad today, but Novell is already down 4.31% to $4.22. Its market cap sank to 1.46 billion and Microsoft too seems to have reached its lowest value in about 10 years, despite massive buybacks, a rumoured spendings freeze and looming debt. Community distributions of Free software seem unaffected, if not poised to capitalise on the storm. Yesterday, for example, Sabayon’s Joost Ruis wrote: “Our team is growing stronger and everybody is working hard to get things in shape.”

It’s always amusing to look back at what respectable ‘analysts’ have said. █

“In January [2008], Jefferies analyst Katherine Egbert predicted the buyback when she raised her rating on Novell stock from hold to buy and jacked her price target 50 cents to $7.50.”

–NetworkWorld on 'Über' analyst Katherine Egbert

“Talk is cheap. Show me the code.”

–Linus Torvalds

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