[ Thanks to Peter
Judge for this link. ]
“Elliot Associates’ bid to buy Novell emerged this week and
amounts to a rather low offer for a company which has $1 billion in
the bank. Elliot has a reputation as a ‘vulture capitalist, and is
expected to simply break the company up, sell the parts and pocket
a profit if the deal goes through.“But is that really the most likely result? There’s a
fascinating explanation of the hostile-bid process on the Standards
Blog of technology lawyer Andy Updegrove, which outlines several
possibilities, and makes the point that ‘one of the companies that
may have the most to lose if Elliott acquires Novell is
Microsoft’.”