Novell Posts Loss After Trimming Jobs
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Plus: Novell sees weakness in IT spending...Salesforce reports rise in profit...Nortel to lay off 3,500...Intuit posts loss while revenue rises.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.
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Qwest Communications International Inc.  on Tuesday reported a smaller quarterly loss as it cut costs in its long-distance business.
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KB Home announces large loss, and an industry trade group releases data that show falling home sales.
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Business software maker Novell Inc.   posted a preliminary quarterly profit on Tuesday,  bouncing back from a year-earlier loss when it took a $38  million restructuring charge.
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The chip maker reported a larger-than-expected loss but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.
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Sprint Nextel Corp  reported deeper than expected subscriber losses on Friday and said it would cut about 4,000 jobs, raising fears of a slowdown in the U.S. wireless industry, and its stock dropped nearly 25 percent.
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Internet-based holiday company Ebookers says second-quarter loses have been cut compared with the same period a year ago.
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The nation shed jobs in January, the government reported yesterday, the first monthly loss since 2003, providing fresh evidence that the housing downturn and credit crisis have spread to the job market.
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Novell's general counsel is leaving town. Joe LaSala is moving to Discovery Communications.
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Novell Inc. shares slid Friday after the Linux software vendor swung to a fourth-quarter profit but still didn&#39;t meet analyst expectations during a period one Wall Street bank called disappointing.
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Novell earned $23 million, or six cents a share, on revenues of $305 million in its fiscal third quarter ended July 31. It derived $12 million in revenues from its presumably unprofitable SUSE Linux business
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Business software maker Novell Inc.   posted disappointing quarterly results on Tuesday due  to weak sales of older products, and said it expected to take  restructuring charges in 2007, driving its shares down 10  percent.
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The electronics retailer reported a $54.6 million first-quarter loss and withdrew its financial guidance for fiscal 2008 as it cut jobs and revamped.
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The Motley Fool - On Tuesday, Aug. 29, networking software company Novell (Nasdaq: NOVL - News) released preliminary Q3 2006 earnings for the period ended July 31.
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For the period that ended Dec. 31, the company reported a loss of $16 million, or 11 cents a share, in contrast to a profit of $18 million, or 12 cents a share, in the period a year earlier.