● 08.30.10

●● Takeover of Novell Seen as “Less Likely” by S&P Analyst

Posted in Finance, Mono, Novell, UNIX at 4:08 am by Dr. Roy Schestowitz

Summary: Standard & Poor’s analyst Jim Yin believes that Novell is less likely than before to sell itself, but he does not rule out this possibility

A couple of days ago we showed that Novell had been downgraded following poor results [1, 2]. Microsoft booster Eric Savitz quotes further from the same person who downgraded Novell:

Yin thinks that a slowing global economy and weakness in the company’s legacy products also were contributing factors to the weak results. He cuts price target on the stock to $5, from $6, and writes that a potential takeover of the company now appears “less likely.”

Novell is the lifeline which holds together Mono, Moonlight, and MonoDroid, which is the Microsoft-approved way of taking over mobile and embedded Linux. On the other hand, Novell is essential to the SCO case and as steward of “UNIX” it’s in the unique position where any takeover is extremely dangerous. █

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