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Novell: Ready to Buy

Feb 07, 2008, 13:45 (6 Talkback[s])
(Other stories by Aaron Ricadela)

"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..."

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