This page permanently redirects to gemini://gemini.techrights.org/2010/08/11/novell-warning/.

● 08.11.10

●● Novell Dogged by Expectations of Its Sale, Results to Disappoint

Posted in Finance, Novell at 4:52 am by Dr. Roy Schestowitz

Summary: Novell is informing investors and clients in advance that its financial results will be terrible

ACCORDING to this new press release from Novell, there are tough times over there. As Reuters puts it [1, 2]:

=> ↺ press release from Novell | ↺ 1 | ↺ 2

Business software maker Novell Inc (NOVL.O) cut its third-quarter revenue outlook due to customer uncertainty surrounding its plan to explore strategic alternatives, including a sale of itself.In March, the company spurned a $2 billion takeover offer from investment fund Elliott Associates, calling the bid inadequate. Its board instead decided to review alternatives, including a share buyback, cash dividend, joint ventures, recapitalization, alliances or an outright sale.

Timothy Prickett Morgan has an excellent article about it. “What a surprise,” he writes, “A company rejects an unsolicited takeover bid and its board of directors announces that the struggling company is looking at all alternatives, including selling itself or breaking itself up. And then sales unexpectedly go south.”

=> ↺ an excellent article about it

The Wall Street Journal speaks about customer uncertainty and this is also covered in:

=> ↺ customer uncertainty

Novell lowers fiscal 3rd-quarter outlookNovell Chops FY Q3 OutlookNovell Lowers Q3 Revenue Guidance – Quick FactsNovell lowers fiscal 3rd-quarter outlookNovell Cuts Q3 Revenue Outlook – Quick FactsNovell Gaps Lower on Revenue WarningNovell lowers third quarter sales forecastAfter-Hours Movers: NOVL, UAUA, VLTRNovell Guides LowerNovell Inc. (NOVL) Gets Bearish ConfirmationU.S. Stock-Index Futures Drop Before Fed Meeting; Alcoa FallsUS Stock Futures Drop Ahead Of Fed Statement, MBIA (NYSE: MBI) EyedWall Street Ends Lower Despite Fed’s Treasury-Buying Plan, Citigroup (NYSE: C) DropsTrading Mix: 9 Power Plays in Today’s Down MarketPrice Alert for Novell Inc. (NOVL)

Jefferies says: “we remain concerned over the company’s deteriorating fundamentals and pace of customer defection.” █

=> ↺ says

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.

Permalink  Send this to a friend

=> Permalink | ↺ Send this to a friend

=> Techrights

➮ Sharing is caring. Content is available under CC-BY-SA.