● 12.03.09
●● Quick Mention: Novell’s Losses Grow, Despite Layoffs
Posted in Finance, Novell at 9:17 pm by Dr. Roy Schestowitz
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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