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● 06.19.09

●● Rumours about Novell

Posted in Finance, Novell, Rumour at 4:41 am by Dr. Roy Schestowitz

Summary: According to a comment, Novell may not be dishonest but just very secretive

WE ARE still trying to make sense of the claim that in Q2 of 2009 Novell managed to turn deep losses into a profit (albeit year-to-year, not quarter-to-quarter), despite signing no major contracts and seeing a higher-than-expected revenue drop. Novell must have cut down about $30 million in quarterly expenses, but where exactly?

=> Q2 of 2009 | deep losses

One anonymous source suggests (and this cannot be confirmed) that:

=> ↺ suggests

There are big job cuts coming and for those of you that didn’t notice the job cuts at Novell have been happening for months but are being executed in such a way that reporting them publicly is not required.I don’t think they are “cooking the books” as they have always been above board financially.Two things that Roy has missed though, is that this year Novell’s earning will most likely drop below the $900 million level for the first time in a long time and they are selling of pieces of the business behind the scenes like the news that the New Zealand arm of the business will soon be sold to internal staff.

Can anyone close to Novell respond to these allegations? Namely the ones about layoffs going unannounced and Novell’s “selling of pieces of the business behind the scenes”? █

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