Novell Earnings Falter as It Preps Workload Management Vision
Dec 04, 2009, 23:01 (2 Talkback[s])
(Other stories by Sean Michael Kerner)
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"While the financial picture remains gloomy for Novell, there
are some bright spots. In particular, for the full year, Novell
reported a 21 percent increase over 2008 product revenues from its
Linux Platform Products, which include the SUSE Linux Enterprise
Server and Desktop platforms.
"During the investor conference call to discuss Novell's
financial performance, Novell CEO Ron Hovsepian noted that his
company is continuing to press forward in its alliance with
Microsoft. The original 2006 deal included a provision whereby
Microsoft would resell up to $247.5 million worth of Novell's SUSE
Linux Enterprise Server (SLES) subscriptions.
"Hovsepian reported that nearly all of that initial $247.5
million has been used and that the two partners are now moving into
a new round of investment. In August 2008, Novell and Microsoft
inked a deal for up to $100 million in additional Novell SLES
subscriptions. According to Hovsepian, Novell is now starting to
tap into those additional funds."