Erik Funkenbusch wrote:
Oh, Please. IBM did not financially help Novell. Where do you come up
with this crap?
Actually it's true.
http://www.novell.com/news/press/archive/2004/03/pr04029.html
* IBM to purchase $50 million in Novell convertible preferred shares
SALT LAKE CITY (BrainShare® 2004) — March 23, 2004 — Novell today announced it has signed a
definitive agreement with IBM in connection with IBM’s previously
announced $50 million investment
in Novell. Publicized in conjunction with Novell’s offer to acquire
SUSE® LINUX in November 2003,
the investment, the primary terms of which were negotiated in November
2003, entails the purchase by
IBM of Novell Series B convertible preferred shares that are convertible
into 8 million shares of Novell
common stock at a price of $6.25 per share. The Series B convertible
preferred shares are entitled to a
dividend of 2% per annum, payable quarterly in cash.
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