Firm Behind Novell Bid Has Shady Past, Could be Tied to Microsoft

“Summary: A detailed analysis of the pseudo-firm (Elliott) that
wants to buy Novell and how the bid came about

“OVER the past couple of days we have written three posts about
the bid to buy Novell, namely:

“Novell May be Going Private, Hedge Fund Has Cash

“Analyst Expects Microsoft Bid to Buy Novell

“Ron Hovsepian Receives Another Large Lump of Cash as Novell
Sale Looms

“Few people appear to have actually paid attention to the source
of the funds. We had a long discussion about this in IRC last night
and we append the logs at the bottom (the relevant parts). While
Novell’s whitepapers against Red Hat are being bumped up (we
mentioned this twice last week and it still happens), there is also
a great deal of distraction away from Novell’s trial against
SCO. It is almost as though the bid came at a very strategic time,
as we shall explain a little later.”

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