Friday, August 27, 2010

Novell profit slips amid uncertainty - The Boston Globe

Difficult choices ahead for Novell (and its remaining customers)

Adjusted for one-time items, earnings fell to 6 cents a share, narrowly missing the 7 cents a share expected on average by analysts polled by Thomson Reuters.

Chief executive Ron Hovsepian said the revenue came in low mainly because customers were uncertain about the ongoing review by the company’s board to seek ways to enhance shareholder value.

The board began the review in March after rejecting a $2 billion takeover offer from private equity firm Elliott Associates LP.

Novell profit slips amid uncertainty - The Boston Globe

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