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:Novell's Linux Business Still Not Profitable?
Novell's Linux Business Still Not Profitable?
May 29, 2009, 20 :34 UTC (4 Talkback[s]) (2995 reads)

(Other stories by Sean Michael Kerner)

[ Thanks to smk for this link. ]

""We have invested heavily in our Linux business to gain market share and acquire new customers," Novell CFO Dana Russell said on the company's quarterly conference call last night. "While the business is not yet profitable, we are making steady progress and plan for it to be break-even no later than 12 to 18 months from today."

"Novell entered the Linux business in 2003 with the acquisition of SUSE Linux for $210 million and Linux desktop vendor Ximian.

"Novell reported its second quarter fiscal 2009 results after the market close yesterday, with net revenue for the quarter coming in at $216 million, a decline from the $236 million reported for the second quarter of 2008 and just below Wall Street estimates."

Complete Story

Related Stories:
A Battle Over Deposing Bill Gates in the Novell v. Microsoft Antitrust Litigation(May 26, 2009)
The elusive, royalty-free patent licence for Mono(May 26, 2009)
Overunderdoing: patterns in Microsoft's interoperability stance(May 22, 2009)
SUSE Studio Builds Customized Linux Appliances in a Flash(May 21, 2009)
Report from Denver: The SCO v. Novell Appeals Court Hearing(May 07, 2009)
Novell throws support behind Moblin Linux for Intel Atom netbooks, devices(May 07, 2009)
Novell Moonlight 2.0 previews Silverlight on Linux(May 06, 2009)
Official Novell/Microsoft Web Site (MoreInterop) Calls Moonlight "Microsoft Moonlight"(Apr 27, 2009)
Novell, Sun, and Red Hat: Three degrees of open source(Apr 23, 2009)


Index Mode   |   Flat Mode   |   Thread Mode   |   Thread Flat  
  Talkback(s) Name  and Date
I certainly hope that Ximian (who call t ...   Bankrupt soon?   
Art Cancro
May 29, 2009, 21:20:32
 
 I certainly hope that Ximian (who call  ...   Re: Bankrupt soon?   
jp
May 30, 2009, 02:07:58
 
I think Novell would be a good purchase  ...   Good Buy   
oldvaxman
May 30, 2009, 02:12:49
 
keeping Novell afloat, NOT Linux sales.R ...   Microsoft money is ...   
GreyGeek
May 31, 2009, 00:33:46
 
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