Novell to Concentrate on Linux and Open Source
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Novell has announced it will concentrate its business on key growth opportunities in the Linux and Open Source and Identity and Resource Management markets, resulting in a restructuring of the business that will reduce annual run rate expenses by more than $110 million. Novell anticipates that it will record a restructuring charge in the range of $30-35 million in the fourth fiscal quarter ended Oct. 31, 2005.
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