VARs: Stone&#39;s Exit Won&#39;t Slow Novell&#39;s Linux Drive
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Solution providers last week said they do not expect the sudden departure of Novell vice chairman Chris Stone, who engineered the company&#39;s aggressive Linux push, to slow its Linux initiative.
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By Bob Mims, The Salt Lake Tribune  Sep. 21--The Nasdaq Stock Exchange has warned Novell Inc. that delays in  filing its most recent quarterly earnings report could get the company  delisted.
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The Motley Fool - Investors have unloaded on many software companies lately, such as Red Hat (Nasdaq: RHAT - News), Siebel (Nasdaq: SEBL - News), Novell (Nasdaq: NOVL - News), and so on. However, with the markets perking up this week, investors are a little more sanguine about the sector -- at least for those stocks that exceed expectations.
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Novell (Nasdaq: NOVL) is poised to launch the latest version of its SuSE Linux operating system, providing new features designed to appeal to both Linux neophytes and current users of the open-source desktop software.
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(InfoWorld) - The release of Red Hat Enterprise Linux 5 in March should strengthen Red Hat's lead in the open-source software market and fend off challenges from Oracle, Microsoft, and Novell, an industry analyst said. After meeting with Red Hat executives Friday, W.R. Hambrecht & Co. financial analyst Robert Stimson wrote in a research note Monday that he is "confident that Red Hat will remain the premier Linux player despite recent competitive hoopla." Red Hat's stock price declined in October 2006 whenÂ Oracle announced it would undercut Red HatÂ on the price of support for Red Hat's open source Linux distribution. That was followed in November by news ofÂ a collaboration between Microsoft and Novell. Microsoft said it would work with the Linux distributor to make Windows interoperable with SUSE Linux. Microsoft said it will also help market SUSE to its customers. While those developments caused Red Hat's stock price to dip below $15 a share, from $27 before the news, they "have had little to no effect on Red Hat's underlying fundamentals," Stimson wrote. Red Hat stock closed Monday at $22.54. Hambrecht forecasts Red Hat to finish fiscal 2007, which ends Feb. 28, with earnings per share of $0.51 on revenue of $401.6 million, up from $0.39 a share on revenue of $278.3 million in fiscal 2006. Expected new features of Red Hat Enterprise Linux 5 include an integrated server and storage virtualization capability that should be competitive with industry-leading virtualization software from VMware, Stimson said in an interview. Red Hat 's virtualization software uses just 3 percent to 4 percent of a server's CPU to run, versus 20 percent or more for VMware, he said. That makes Red Hat better able to run multiple software applications on one physical server. Stimson considers the competition from Oracle and Microsoft/Novell "a nonevent so far" as he's seen little evidence that Oracle is winning support business away from Red Hat. Oracle did not reply to a request for comment. Stimson has seen a "backlash" in the open-source community to the Microsoft/Novell arrangement. He noted that all five members of a Novell software development team quit Novell after the Microsoft deal was announced, and four of them went to Red Hat. They were working on the Samba Project, developing an open-source file and print server software product than can run on a Windows operating system. "I think (Microsoft/Novell) is tainted now because I think they are violating [the] GPL," said Jeremy Allison, the fifth member of the team to quit Novell in December 2006. He went to Google but emphasized that he was not speaking for Google on this subject. GPL stands for General Public License, the contract that keeps open-source software open. Analyst Stimson said the Microsoft/Novell partnership has only strengthened Red Hat's position in the market because of the reaction from others in the open-source community.
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U.S. stocks to watch on Tuesday:  SILICON STORAGE TECHNOLOGY SSTI.O: The flash memory company  said its fourth-quarter revenue would fall below expectations.  Its stock closed at $7.01 on the Nasdaq.
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CEO says firm saw no sales slowdown. Could results help calm waters after bad news from HP and Cisco?
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A lost legal struggle with Linux distributor Novell, an apparently truncated fight with IBM, a bankruptcy filing in September...and now, a NASDAQ delisting. Is there any hope at all left for floundering PC Unix vendor SCO?
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The Linux vendor partners with Microsoft in one respect and takes it head-on in another. This time, the results are mixed as Novell suffers a small quarterly loss.
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Linux is gaining ground with companies but Windows will continue to dominate consumer PCs in the near future. That is the non-contentious conclusion of the latest IDC research.
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(InfoWorld) - Global IT expansion this year is expected to be modest, but vendors that demonstrate nimbleness and creativity are being rewarded. Market indices have declined as traders brace for a slowdown after corporate share prices rose steadily over the past seven months. But IT investors are still jumping on the bandwagon for companies that are seen making wise investments and restructuring decisions. Traders applauded EMC's decision, announced Wednesday,Â to offer 10 percent of its VMware virtualization software subsidiary in an IPO. Despite a general market downturn Thursday due to concerns over the U.S. housing market, EMC shares were trading at $14.58 Thursday afternoon, up by $0.99. The spin-off lets the public inject cash into a part of the company offering trendy virtualization technology while allowing users and investors to more easily analyze the core traditional storage business, which many analysts feel is undervalued. Hewlett-Packard shares also remained high this week in the wake of its Monday announcement thatÂ it will buy business transactions monitoring software supplier Bristol TechnologyÂ for an undisclosed amount. HP said Bristol will help strengthen its business technology optimization product offerings. Cisco Systems shares jumped Wednesday,Â after it issued its earnings report Tuesday, and stayed high. Cisco is doing well in several key areas. Beating analyst forecasts for sales last quarter, Cisco reported that revenue increased more than 27 percent to $8.4 billion and profit grew 39.7 percent to $1.9 billion, compared to the year-earlier quarter. Key to company growth were storage products and developing markets -- precisely what market observers are looking for. Brokerage Robert W. Baird & Co. upgraded Cisco to "outperform" from "neutral." User demand for security, storage, wireless devices, and server optimization technology remains high, analysts say. Small businesses and developing economies are forecast to be the main drivers of growth. "The opportunity to provide SMBs with advanced technology will continue to grow significantly throughout the world in 2007," according to the report, from Ray Boggs, vice president for Small/Medium Business and Home Office research at IDC. Companies positioning to capitalize on trends are even, sometimes, forgiven losses. Even though ISP EarthLink Tuesday reported a fourth-quarter loss of $24.8 million, compared with a year-earlier profit of $29.2 million, it got kudos for making efforts to target growth opportunities. "The industry is shifting, and it is focusing on new opportunities like broadband, wireless Internet and Internet telephony in a variety of marketplaces around the USA, " said telecom analyst Jeff Kagan. EarthLink's loss was mainly attributed to its investment in Helio, the company's wireless joint venture with South Korea's SK Telecom. Despite the loss, Goldman Sachs analyst Anthony Noto upgraded the stock to "neutral" from "sell." "We believe the flexibility of the company to cut these investments or restructure via a leveraged buyout, management buyout or recapitalization limits the downside," Noto wrote in a research note. Â
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Novell is this week expected to spruce up a version of its Linux desktop aimed squarely at enterprise users. Built on the same core code base as Suse Linux Enterprise Server 9, Linux Desktop 9 is best suited
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Red Hat Inc.'s woes this week raise the issue of whether IT investors are turning sour on open source. A somewhat disappointing forecast for the next quarter has investors fleeing, just as they have from the company's open-source rival, Novell Inc.
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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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When Novell&#39;s Linux desktop arrives at the end of this year it will be stripped down to avoid integration problems and to keep it simple for users.
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Linux veteran may be in for a roller-coaster ride in what so far has proved to be a controversial partnership between software giant, Novell.