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Novell executives said this week that it's seven-year-old Linux business has finally broken even -- making good on promises made a year ago. But it hasn't been an easy trek to begin making money off of Linux, and one factor may way against Novell's Linux business going forward: The waning revenue from its landmark 2006 agreement with Microsoft to begin reselling Linux support subscriptions. This week, Novell reported its first-quarter fiscal 2010 earnings for the quarter ending on Jan. 31. Net revenues came in at $202 million, a decline from the $215 million reported for the first quarter of 2009. On the net income side, things are a bit brighter. Novell reported GAAP net income of $20 million, or $0.06 per share, an increase over the $11 million or $0.03 per share it reported for the first quarter of 2009.
Quoting:Elliott Associates LP, a hedge fund that holds an 8.5% stake in Novell Inc., offered to buy the rest of the software company for about $1.8 billion.
Novell shares, which were off 1% in 4 p.m. trading, surged 30% in late trading to $6.15, above the $5.75 offer price Elliott disclosed in a letter to Novell's board.
Quoting:William said there could be more companies who would offer a similar bid for Novell as Elliot’s. HP, SAP, and Microsoft are expected to be the possible suitors.
Hey, can we count the sale price of Novell as a "Linux sale", and boost the sales figures a bit?
I've gotten really tired of Microsoft always saying things like "Linux sales are negligible, that's how we know no one actually uses it."
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http://www.themoneytimes.com/featured/20100303/elliot-offers...