____/ John Bailo, Texeme.Construct on Wednesday 29 August 2007 22:17 : \____
>
> Bashers are Abashed !
>
>
http://www.marketwatch.com/news/story/novell-narrows-quarterly-loss-amid/story.aspx?guid=%7BBD75D44A%2D6546%2D4D79%2D956D%2DD964CDB672C7%7D&siteid=yhoof
>
>
> -----
> Novell, a distributor of open source software used to run computer
> servers, said its net loss for the period ended July 31 was $3.42
> million, or a penny a share, compared with $6.42 million, or 2 cents a
> share, in the same period a year earlier. Meanwhile revenue rose to
> $243.1 million from $236.3 million.
>
> Novell said it posted non-GAAP adjusted income available to common
> stockholders from continuing operations of 5 cents a share.
> ...
>
> In addition, Novell's Linux Platform Products unit saw revenue
> increase 77% from the period a year ago, to $21 million.
>
> -----
What [Novell] management says:
Isn’t it sweet to enlist the competition to help sell your own products?
Novell’s Linux segment boosted sales by 114% over last year, according to the
latest quarterly report, and it was “largely due to the strength of the
Microsoft agreement,” according to Chief Financial Officer Dana Russell.
What [Novell] management does:
Don’t get too excited by the cash flow jump in January — that was $348
million of up-front payments from Microsoft making its way onto the cash flow
statement in a one-time deal. Excluding that windfall, free cash flow has been
negative in each of the last two quarters.
http://www.fool.com/investing/general/2007/08/27/foolish-forecast-novells-new-focus.aspx
--
~~ Best of wishes
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