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TECH STOCKS: Novell Gains Lead Tech Trading Action

By Rex Crum Technology stocks showed some signs of life Monday in a session highlighted by gains from Novell Inc. after the business-software maker rejected a buyout offer but also said it was exploring selling the company. Novell (NOVL) shares climbed 27 cents, or almost 5%, to $5.91 after the company said over the weekend that a $2 billion buyout offer from private-equity firm Elliott Associates was "inadequate" and undervalued the company. Elliott's offer valued Novell's stock at $5.75 a share. However, in a statement, Novell said its board of directors is exploring several options, included a sale of the company. Gains also came from Apple Inc. (AAPL), Oracle Corp. (ORCL), Dell Inc. (DELL), Cisco Systems Inc. (CSCO) and Intel Corp. (INTC). Palm Inc. (PALM) shares remained near their breakeven point of $4 after the company said that AT&T Inc. (T) will begin selling the company's Palm Pre Plus and Pixi Plus smartphones. No date for the release was set. The Nasdaq Composite Index (RIXF) rose about 2 points to 2,37, while the Philadelphia Semiconductor Index (SOX) and the Morgan Stanley High Index (MSH) both posted small gains.

Stock News for Novell (NOVL)
DateTimeHeadline
04/20/201118:21:09S&P: Chipotle To Replace Novell In S&P 500 After Takeover
04/20/201111:21:35DOJ: CPTN Changes Deal To Buy Novell Patents To Ease Antitrust...
03/03/201117:05:11Novell Swings To 1Q Loss On Charges; Revenue, Margins Slide
12/02/201017:17:37Novell Swings To 4Q Profit On Tax Gain, Year-Ago Write-Down
11/22/201017:07:09MARKET SNAPSHOT: U.S. Stocks Bounce Off Lows As Ireland Seeks...
11/22/201016:40:50TECH STOCKS: Netflix, Novell Pace Broad Tech Gains
11/22/201014:59:29MARKET SNAPSHOT: U.S. Stocks Drop As Financials Lead Retreat
11/22/201014:29:32TECH STOCKS: Netflix, Novell Advances Lead Tech Action
11/22/201012:32:31MARKET SNAPSHOT: U.S. Stocks Drop As Ireland Seeks Aid
11/22/201009:35:46Private-Equity Firms In Deal To Acquire Novell For $2.2 Billion
10/12/201011:31:38EARNINGS PREVIEW: US Software Firms Expected To Show Growth
08/26/201017:01:08Novell Fiscal 3Q Profit Down 5.9% On Lower Revenue, Margins
08/21/201000:20:25MARKET SNAPSHOT: Job, Double-dip Fears Overshadow Strong Earnings
08/09/201017:38:27Novell Trims 3Q Revenue Target; Cites Customer Uncertainty
05/27/201016:53:09Novell 2Q Profit Up 28% On Lower Expenses; Revenue, Margins Down
05/23/201013:26:30MARKET SNAPSHOT: U.S. Stock Market Mulls Implications Of Correction
03/22/201016:57:07TECH STOCKS: Novell, Disk Drivers Lead Broad Tech Advance
03/22/201010:31:20TECH STOCKS: Novell Gains Lead Tech Trading Action
03/22/201008:19:13Novell To Review Options As It Rejects Elliott Takeover Bid
03/20/201016:56:37Novell Board Rejects Elliott Associates' Unsolicited Bid

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