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Novell Disappoints as Ownership Concerns Continue

Aug 31, 2010, 13:35 (3 Talkback[s])
(Other stories by Sean Michael Kerner)

"Enterprise software vendor Novell (NASDAQ: NOVL) fell short of its guidance for the third fiscal quarter of 2010, missing its financial projections with both revenues and income declining.

"For the quarter, Novell reported revenue of $199 million, a decline of 8 percent from the third quarter of 2009. The company reported net income of $16 million, or $0.04 per share, dipping from the $17 million Novell posted in the third quarter of 2009.

"Analysts polled by Thompson Reuters had expected revenue of $200.2 million and earnings of 7 cents per share. In its own third-quarter guidance the company had projected revenues between $205 and $210 million."

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