Linked by Thom Holwerda on Thu 21st Sep 2006 08:59 UTC, submitted by Jeff
Novell and Ximian "Novell today announced that it had received a staff determination notice from the NASDAQ Stock Market stating that the company's common stock is subject to delisting from the NASDAQ Stock Market. The notice was issued in accordance with standard NASDAQ procedures as a result of the delayed filing of Novell's quarterly report on Form 10-Q for the period ended July 31, 2006."
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Whoops!
by davidiwharper on Thu 21st Sep 2006 09:22 UTC
davidiwharper
Member since:
2006-01-01

If I got into this much trouble with my poor paperwork I'd never run late again!

Reply Score: 2

whoops 2!!
by charcoal on Thu 21st Sep 2006 09:39 UTC
charcoal
Member since:
2006-09-21

I guess everyone in novell has been busy in product development including the finance guys so they miss the filing deadline?

Reply Score: 1

RE: whoops 2!!
by davidiwharper on Thu 21st Sep 2006 09:53 UTC
davidiwharper
Member since:
2006-01-01

Nah, they're doing a "voluntary audit" of the accounts before filing.

Reply Score: 1

That's just not right....
by wilburpan on Thu 21st Sep 2006 11:37 UTC
wilburpan
Member since:
2005-08-09

since The SCO Group is still listed on NASDAQ. :@)

Reply Score: 1

Humour
by Haicube on Thu 21st Sep 2006 11:51 UTC
Haicube
Member since:
2005-08-06

Didn't everyone say that "now that Novell has Linux, business is going sooooo well".

Interesting, for some reason I have a feeling that is not true... Is Novell SGI the next generation?

Reply Score: 3

RE: Humour
by rayiner on Thu 21st Sep 2006 15:26 UTC in reply to "Humour"
rayiner Member since:
2005-07-06

I dare you to show a quote that says something to that effect, one that isn't from an idiot.

Novell's business situation is complex. It's trying to react to its declining Netware business, which still makes most of its revenues, by building up its Linux business. This business is just a few years old, in a market where product cycles are 3-5 years, and the first "Novell-developed" SuSE came out just last year (previous releases built on SuSE 9, which was developed before the Novell acquisition). Their Linux business is growing, but it'll take awhile before its big enough to take over for their Netware business.

As for the delisting, it has nothing to do with the finances of the company. I'd presume its the result of the internal audit, which is spurred by the investigation into the granting of stock options to employees. Their stock price is nowhere near de-listing (over $6 a share), and its over twice what it was in 2003, before the Linux push.

Reply Score: 3

RE[2]: Humour
by segedunum on Thu 21st Sep 2006 21:42 UTC in reply to "RE: Humour"
segedunum Member since:
2005-07-06

Their Linux business is growing, but it'll take awhile before its big enough to take over for their Netware business.

It's going to have to grow by a few thousand percent to do that, and there's no evidence that the market is going to accommodate Novell there. Do the maths.

Someone from the top, actually familiar with what they do, is going to have to think long and hard about what market they're in.

Reply Score: 2

Humour
by IanSVT on Thu 21st Sep 2006 12:14 UTC
IanSVT
Member since:
2005-07-06

Well, Jim Clark doesn't have anything to do with Novell, so they have that going for them.

Reply Score: 1

Business, stock and markets
by Bobmeister on Thu 21st Sep 2006 12:55 UTC
Bobmeister
Member since:
2005-07-06

Well..Novell IS doing better...but the "markets" are full of fickleness...so there isn't always a complete connection between the two. They aren't in GREAT shape, but yet, Wall Street tends to be impatient and the markets are reflecting that...

If they make the right moves...Novell will get through this. They are starting to make money again, even if only a little...

Reply Score: 1

Sorry Folks...
by tjolley on Thu 21st Sep 2006 13:34 UTC
tjolley
Member since:
2006-03-14

..Nothing to see here, move on..This is SOP for NASDAQ. Dozens of companies get these every quarter.

It's just an official notice to get off their ass and file the required paperwork.

Major compnaies get them all the time and no one ever hears about it..it's nothing exciting

Reply Score: 5

RE: Sorry Folks...
by Harald on Thu 21st Sep 2006 14:53 UTC in reply to "Sorry Folks..."
Harald Member since:
2006-03-10

Whether it is 'nothing' or not...I'd still take notice if I were a shareholder.

If they're delaying because of a voluntary audit...there could be a surprise in store for shareholders, such as a restatement of results for previous quarters.

Wall Street doesn't react well to such surprises, nor should it.

Reply Score: 1

RE[2]: Sorry Folks...
by grat on Thu 21st Sep 2006 18:49 UTC in reply to "RE: Sorry Folks..."
grat Member since:
2006-02-02

Which is of course why Novell announced the internal audit at it's last quarterly reports.

Hopefully most shareholders are more informed than you are.

Reply Score: 1

RE[3]: Sorry Folks...
by Harald on Thu 21st Sep 2006 20:26 UTC in reply to "RE[2]: Sorry Folks..."
Harald Member since:
2006-03-10

Hopefully most shareholders are more informed than you are.

Oh, what rapier wit!

Pfffftttt...considering Novell's past and present...informed Novell shareholders is an oxymoron ;) )))

Reply Score: 3