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IT Manager's Journal: Are the Wheels Coming Off Novell's Wagon?

Aug 04, 2005, 20:30 (9 Talkback[s])
(Other stories by Lauren Rudd)

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"According to Novell's 2004 annual report, the year 2004 brought Novell's long-time vision and corporate strategy into sharp meaningful focus. Looking at the past two quarters for fiscal year 2005, fuzzy and out of focus might be a better descriptor. Although the company received some temporary relief as a result of cash settlements from legal suits, in terms of operating performance, the wheels are close to coming off the wagon.

"If you dig into Novell's 2004 10K filing with the Securities and Exchange Commission (SEC), the problem is no secret from management. According to filing, the company said that its NetWare revenue stream continues to deteriorate, declining by $36 million in fiscal 2004, excluding the impact of favorable foreign exchange rates..."

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