Diary of a Network Geek

The trials and tribulations of a Certified Novell Engineer who's been stranded in Houston, Texas.


Hedge Fund Buys Novell

Filed under: Career Archive,MicroSoft,News and Current Events,Novell — Posted by the Network Geek during the Hour of the Dog which is in the evening time or 9:54 pm for you boring, normal people.
The moon is Waning Gibbous

Wow, maybe Novell isn’t quite dead yet after all!

According to this story at Computer World, the New York-based Elliot Associates, LP, a hedge fund that is already Novell’s largest stock-holder, has made a public bid for the company.  They claim to have extensive experience and good fortune turning around tech companies, and they see the potential in the once great Novell.

I’m not holding my breath, but I hope it works.
It’d be nice to see a company like Novell get turned around.  Their products consistently win awards, but their marketing never seems to get them where they need to be.  Novell basically started the local area network market, but now they’re very much the “also ran” in that category, coming in far, far behind Microsoft.
Again, I’m not holding my breath here, but I hope they can do it.

Powered by WordPress
Any links to sites selling any reviewed item, including but not limited to Amazon, may be affiliate links which will pay me some tiny bit of money if used to purchase the item, but this site does no paid reviews and all opinions are my own.