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Novell Postpones Financial Results Amid SEC Concerns

Dec 05, 2007, 19:00 (0 Talkback[s])
(Other stories by Matthew Aslett)

"Just hours before it was due to announce its financial results for the fourth quarter and full year 2007, Novell has postponed the announcement pending a review by the Securities and Exchange Commission. The SEC's concerns, it appears, relate to the company's previous financial results.

"'Novell received a comment letter from the Securities and Exchange Commission ('SEC'), dated Aug. 7, 2007, regarding Novell's Form 10-K for the fiscal year ended Oct. 31, 2006, and its Form 10-Q for the quarterly period ended April 30, 2007. Novell delivered a response letter to the SEC on Sept. 20, 2007..."

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