Re: Novell says received $600 mln debt default notice

[Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>]

__/ [ Larry Qualig ] on Thursday 21 September 2006 15:54 \__

> WASHINGTON, Sept 20 (Reuters) - Business software maker Novell
> Inc.received a default notice from Wells Fargo Bank for $600 million in
> convertible debt due in 2024 if it fails to file a required financial
> report because of an internal probe of stock option grants, the company
> said on Wednesday.
> 
>
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060920:MTFH93891_2006-09-20_22-42-22_WBT005995&type=comktNews&rpc=44

By the same logic of yours, Apple is running out of business as well.

http://business.timesonline.co.uk/article/0,,13129-2311942,00.html

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7BD6131EF9-62F2-4BEC-AB77-FE8065D163DA%7D&keyword=

Only 3 weeks ago, Novell filed its quarterly financial report.

Novell CFO says focus on Linux, ID products paying off

,----[ Quote ]
| Novell Inc.'s new chief financial officer said the decline in the
| company's legacy software sales (Windows-related) in the third quarter
| was disappointing, but that its focus on Linux products is paying off
| in higher sales.
`----

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B0AEAE020-55C6-46A9-B51E-C0C092FD4CBD%7D&keyword=


Novell Profit Gets Linux Lift

,----[ Quote ]
| Business software maker cites 30 percent boost in Linux revenue for
| third quarter.
`----

http://www.redherring.com/Article.aspx?a=18249&hed=Novell+Profit+Gets+Linux+Lift&sector=Industries&subsector=Computing