"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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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.
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.
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?