__/ [ Mark Kent ] on Sunday 26 November 2006 09:31 \__
> begin oe_protect.scr
> Rex Ballard <rex.ballard@xxxxxxxxx> espoused:
>> Here's Novell's side of the story
>>
>> Open Letter to the Community from Novell
>> http://www.novell.com/linux/microsoft/community_open_letter.html
>><quote>
>> On November 2, Novell and Microsoft announced a significant, multi-part
>> agreement to work together to improve the interoperability between
>> Linux and Windows and for Microsoft to redistribute more than 350,000
>> subscriptions for SUSE Linux Enterprise to the Windows customer base
>> over a five-year period.
>
> hahaha! Do the Novell board really believe that this will happen? No,
> of course they don't. What they've done is got $260mio into the coffers
> of Novell inc., which will ensure that the board members get to trouser
> a really good bonus this year. I suggest that everyone looks out for
> the bonuses of Novell board members this year, and perhaps next year,
> indeed, over this full five-year period, as the real story will emerge
> at that point.
Nail. Head.
Novell Hikes Execs' Pay
,----[ Quote ]
| Open source software maker Novell said last Friday its board approved
| the increase of its president and chief executive's base salary to
| US$825,000 per year.
`----
http://www.linuxinsider.com/rsstory/53226.html
>> This agreement is at the heart of what IT
>> users demand - to deploy both Linux and Windows, and to have them
>> work well together - and many companies have spoken out in support of
>> this new cooperation.
>></quote>
>> 350,000 subscriptions for SUSE? out of 100 million PCs sold. This is
>> chicken feed.
>> Talk about a lousy negotiator.
>>
>> So I did a little digging into our friend Mr Hovsepian.
>> http://www.novell.com/company/bios/rhovsepian.html
>><quote>
>> With stints in various sales and marketing positions prior to taking
>> profit and loss responsibility at several IBM units, he brings a proven
>> track record of achieving revenue goals and profit growth in the IT
>> solutions business. Mr. Hovsepian also served as a managing director of
>> Internet Capital Group, a venture capital firm.
>>
>> Mr. Hovsepian is non-executive Chairman of the Board of Directors of
>> the Ann Taylor Corporation.
>></quote>
>>
>> Internet Capitol grop
>> http://www.internetcapital.com/investorinfo-financialdoc.htm#4
>>
>> Some insider ownership filings
>>
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001085621&owner=only
>>
>>
>>
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000758004-06-000079&Type=HTML
>><quote>
>> Item 5.02 Departure of Directors or Principal Officers; Election of
>> Directors; Appointment of Principal Officers.
>> On September 8, 2006, Jack Messman notified the Board of Directors of
>> Novell, Inc. that he would be resigning from the Board of Directors
>> effective September 11, 2006.
>></quote>
>>
>> For those who don't remember, Jack Messman was there since the very
>> beginning of Novell.
>> If he bailed out, it could be a sign of mischief.
>>
>> A few other little board changes:
>> http://biz.yahoo.com/e/060622/novl8-k.html
>>
>> Looks like Microsoft packed the board and locked up the proxies before
>> their big deal.
>> Which explains why Novell would make a deal that is a total loser and
>> they knew
>> would just piss off the Linux contributor community, and the user
>> community.
I fully agree. I usually leave your posts unread until I read them at
lunchtime. Always insightful!
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