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What is commercial Linux distributor Novell going to do about server and desktop virtualization? It's a good question, and one that the company's top brass has not really addressed. In July 2006, with the launch of SUSE Linux 10, Novell was the first commercial Linux vendor to ship a Xen hypervisor tuned for Linux.
New York-based hedge fund Elliott Associates L.P. in a letter to Novell’s board of directors dated March 2 offered to purchase the infrastructure software company for a cash price of $5.75 per share, or $1 billion net of the cash on the company’s books.
A COUPLE of weeks ago Novell added two people with Microsoft connections to its Board of Directors. So is Novell ready for the swap? One pundit thinks so.
Novell’s board of directors is facing a pair of symbolic deadlines: The VAR Guy thinks Novell will need to somehow address the pending private equity takeover bid by Elliott Associates before the BrainShare conference starts March 21 in Salt Lake City, Utah and before Red Hat announces quarterly results on March 24.
Spring has sprung, at least here in the Northern Hemisphere, and with it comes the blooming of flowers, the chirps of baby birds, and "Novell's Board of Directors reject[ing] Elliott Associates' unsolicited, conditional proposal as inadequate."
Red Hat is an open-source company, while Novell is not, as Novell's CEO and CFO both emphasized in Novell's most recent earnings call. Sun, for its part, was desperately trying to reinvent itself as an open-source company, but struggled to do so given the weight of its declining hardware businesses.