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How Much Is Novell's Linux OS Really Worth?

Mar 24, 2010, 16:02 (2 Talkback[s])
(Other stories by Paul Rubens)

"Novell, the parent company of SUSE Linux Enterprise Server, seems to have slapped a huge "For Sale!" sign on its front lawn. It's sad, but this famous enterprise OS maker may soon be little more than a mildly interesting footnote to history.

"A few weeks back, the company received an unsolicited conditional proposal from the hedge fund Elliot Associates to acquire the 91.5 percent of Novell it didn't already own for $5.75 per share, or around $950 million (net of cash). Novell's board sat and had a think about this and, surprise, surprise, decided the company is worth more.

"Well, it would say that, wouldn't it? It was hardly likely to say that its business, which consists of little more than a second-rate enterprise Linux distro, was worth less. The likes of Novell never tell their shareholders to take the money and run."

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