ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NOVL Stock Price » NOVL Stock News

Novell Share News

 Novell (mm) Stock Price
NOVL Stock Price
 Novell (mm) Stock Chart
NOVL Stock Chart
 Novell (mm) Stock News
NOVL Stock News
 Novell (mm) Company Information
NOVL Company Information
 Novell (mm) Stock Trades
NOVL Stock Trades

Novell Swings To 1Q Loss On Charges; Revenue, Margins Slide

DOW JONES NEWSWIRES Novell Inc. (NOVL) swung to a fiscal first-quarter loss as the software company recorded expenses for a review of strategic alternatives and for litigation, while revenue and gross margins slid. In November, an investor group led by a trio of private-equity firms reached a deal to acquire Novell for about $2.2 billion, ending the eight-month takeover battle for the company. Novell shareholders last month approved the deal, although the acquisition awaits a Department of Justice request for more information regarding a sale of some patents. Despite its declining revenue, the company was considered attractive because of its high cash levels and exposure to the Linux operating system. For the quarter ended Jan. 31, Novell reported a loss of $17.9 million, or 5 cents a share, compared with a prior-year profit of $20.2 million, or 6 cents a share. Excluding the review expenses and other impacts, earnings were flat at 7 cents. Revenue slid 5.8% to $190.7 million. Analysts polled by Thomson Reuters expected a profit of 7 cents on revenue of $199 million. Gross margin narrowed to 78.2% from 78.4%. Maintenance and subscriptions revenue, which makes up the bulk of the company's total, declined 5.4%. Revenue from software licenses decreased 3.8%, while services dropped 10%. Shares closed up 2 cents to $5.82 and were inactive in after-hours trading. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Novell (NOVL)
DateTimeHeadline
No Recent News Available

Novell and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad