Novell Investor Wants Company to Fire Employees, Sell Division

Blum Partners revealed this week that, disappointed by recent Novell results, it wants big changes at the NetWare and Linux vendor.
In an unusual move, the Blum Capital Partners LP investment firm publicly revealed it was very unhappy with Novell's current direction.
The San Francisco-based company published several letters to Novell CEO Jack Messman detailing its complaints and suggesting changes in its SEC (Security and Exchange Commission) Schedule 13-D.
The 13-D is a form that a company or individual must file within 10 days of obtaining more than 5 percent of a company's stock.
Earlier this year, Blum only owned 1.33 percent of Novell stock.
Then, in late August, Blum acquired enough shares to put it over the 5 percent mark.
Blum had initially outlined a new path for Novell in May and June, but Messman disagreed with Blum's prescription for Novell and did not implement them.
After Novell's disappointing financial results for its third fiscal quarter, which ended on July 31, 2005, and were reported on Aug. 25, Blum apparently decided to take a larger position in Novell and go public with its plans.
-

- Login or register to post comments
Printer-friendly version- 2912 reads
PDF version
More in Tux Machines
- Highlights
- Front Page
- Latest Headlines
- Archive
- Recent comments
- All-Time Popular Stories
- Hot Topics
- New Members
digiKam 7.7.0 is released
After three months of active maintenance and another bug triage, the digiKam team is proud to present version 7.7.0 of its open source digital photo manager. See below the list of most important features coming with this release.
|
Dilution and Misuse of the "Linux" Brand
|
Samsung, Red Hat to Work on Linux Drivers for Future Tech
The metaverse is expected to uproot system design as we know it, and Samsung is one of many hardware vendors re-imagining data center infrastructure in preparation for a parallel 3D world.
Samsung is working on new memory technologies that provide faster bandwidth inside hardware for data to travel between CPUs, storage and other computing resources. The company also announced it was partnering with Red Hat to ensure these technologies have Linux compatibility.
|
today's howtos
|








.svg_.png)
Content (where original) is available under CC-BY-SA, copyrighted by original author/s.

Recent comments
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago