Novell Shares Slide on Missed Estimates
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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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European shares lost nearly 1 percent on  Thursday, tracking Wall Street's fall after disappointing  earnings, while drug maker Novartis fell 1.2 percent on margin  concerns despite bumper forecasts.
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Shares of Amazon.com  fell more than 16 percent on Thursday after the online retailer reported earnings that fell short of analysts estimates and raised concerns the company was focusing more on sales than profits.
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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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MedImmune's shares sank nearly 9 percent yesterday after the company reported weaker-than-expected fourth-quarter revenue for two high-profile products and disclosed a delay in filing for federal approval of a new version of Synagis, its lead drug.
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The maker of corporate data storage equipment forecast better-than-expected 2008 revenue, but its shares fell after the VMware unit missed growth estimates.
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The maker of corporate data storage equipment, forecast better-than-expected 2008 revenue, but its shares fell after the VMware unit missed growth estimates.
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Stock index futures fell on Wednesday  as news that deep losses on subprime mortgage bonds have left  two Bear Stearns hedge funds almost worthless further worried  investors already edgy after lackluster results from Intel  Corp.  and Yahoo Inc.
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Business & money: Share price plunges after disappointing profits raising fears over America's economic slowdown
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Just days after settling one anti-trust lawsuit with Microsoft, Novell filed another one. According to a Novell (down $0.
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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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Biotechnology stocks moved lower Friday as Genentech Inc. and OSI Pharmaceuticals lost value despite an earlier-than-expected approval of their lung cancer drug Tarceva.
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.
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NOVEMBER 19, 2004  - Networking and Linux vendor Novell Inc. reported a profit of $57.1 million for fiscal 2004, which ended Oct. 31, compared with a loss of $161.9 million in the prior fiscal year.
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U.S. stocks dropped sharply on Monday, with the Nasdaq sliding 2 percent, as investors sold Google Inc.  shares after Barron's newspaper said the stock was overvalued and a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending.
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Talks over a possible takeover of Cadence Design Corp.  by two private equity firms have stalled over price, The New York Times reported on Monday, sending the software maker's shares down nearly 5 percent.
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If anyone still believed that Novell would be compelled by law to reveal the shape, size, and caliber of the gun held to its head when it made its still-controversial patent covenant agreement with Microsoft, he was disappointed by the details in Novell's annual 10-K filing with the US Securities and Exchange Commission last Friday.