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Posted in Finance, GNU/Linux, Novell, Red Hat, Ubuntu at 2:35 am by Dr. Roy Schestowitz
As you probably know, Novell has been in a poor financial state in recent years and it also missed Wall Street’s expectations earlier this year, not to mention its risk of being delisted — a risk that it eventually escaped. There was something very fishy about Novell’s latest financial report and we are fortunate enough to find people who look at the numbers more closely. Here is what it’s all about:
=> ↺ poor | ↺ financial | ↺ missed Wall Street’s expectations earlier this year | ↺ look at the numbers more closely
Novell is also good at PR. It has been talking about desktop Linux being just around the corner for years, without delivering anything worthwhile. No wonder I get such a hit to the numbers here for mentioning Ubuntu.
This continuing game of massaging numbers and expectations, rather than delivering solid performance or solid software, hurts the whole open source market.
Having covered Novell for two decades, I’m frankly tired of it. Wall Street, not so much. As long as there is action Wall Street is happy.
There is no room for opinion here, so there’s no need to say “hats off to Dana” or “you ignorant blogger”. What Dana is trying to say seems to align pretty well with what we’ve been seeing in recent months. In fact, given Novell’s inability to compete with Red Hat (it was only left further behind after its deal with Microsoft), any optimistic claims from the financial department are highly suspicious.
=> ↺ left further behind after its deal with Microsoft
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