Novell: Ready to Buy
Feb 07, 2008, 13:45 (6 Talkback[s])
(Other stories by Aaron Ricadela)
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"Novell, the struggling software maker once among the computer
industry's best known names, is trying to reclaim relevance through
an embrace of open-source software and a détente with
onetime rival Microsoft. Now, having stemmed a multiyear revenue
decline and beefed up its balance sheet, Novell plans to start
acquiring smaller software companies in a quest for growth.
"Novell is flush with cash--$1.86 billion as of the end of its
fourth quarter, about twice annual revenue..."