Language Selection

English French German Italian Portuguese Spanish

Novell Receives Additional NASDAQ Notice

Filed under
SUSE

Novell today announced that, as expected, it received an additional notice of non-compliance from the staff of the NASDAQ Stock Market due to the delay in filing its quarterly report on Form 10-Q for the fiscal quarter ended Jan. 31, 2007, as required by NASDAQ Marketplace Rule 4310(c)(14).

As previously announced, Novell received notices of non-compliance from NASDAQ on Sept. 14, 2006 and Jan. 22, 2007 due to the delay in filing its quarterly report on Form 10-Q for the fiscal quarter ended July 31, 2006 and its annual report on Form 10-K for the fiscal year ended Oct. 31, 2006, respectively. Novell has delayed the filing of its periodic reports pending the completion of the review by its Audit Committee of the Company's historical stock-based compensation practices.

In response to the first notice of non-compliance, Novell requested a hearing before a NASDAQ Listing Qualifications Panel (the "Panel"). On Jan. 9, 2007, the Panel granted Novell's request for continued listing subject to the requirements that Novell 1) provide the Panel with certain information relating to the Audit Committee's review on or about March 1, 2007, which was submitted to the Panel, and 2) become current in its delinquent reports and file any necessary restatements by March 13, 2007.

In connection with the call for review, the Listing Council has provided Novell with the opportunity to make an additional submission for the Listing Council's consideration by May 4, 2007.

More Here.


Justin Steinman may be a nice guy, but he needs to learn that exaggerating one's open source bonafides, especially when said bonafides are in serious question, is bad form in open source. Talking about how much money you spend on open source (especially when it's not true), is doubly gauche. It just doesn't win the kinds of friends that Novell desperately needs.

Justin managed to fail on several different levels, which is impressive. Here are two.

The problem with pretending (Novell claims support for FSF)

More in Tux Machines

And now for some good news... How open source triumphed over Microsoft Office in Italy

Microsoft Office may have a global monopoly, but one Italian region rejected it flat out. But, why? In the stunningly beautiful Italian region of Umbria, you'll feel more at home running open source software, rather than the clunky and expensive Microsoft Office suite. Read more

Red Hat, Chilean government hold talks on open source initiative

The head of Chilean regulator Pedro Huichalaf agreed to pass information regarding the benefits of open source software to the ministerial committee for digital development Read more

IT teams are choosing open source - but not just for the cost savings

IT decision makers are increasingly turning to open source over proprietary software because they believe it offers them better business continuity and control Read more

Patent Troll Kills Open Source Project On Speeding Up The Computation Of Erasure Codes

Via James Bessen, we learn of how a patent trolling operation by StreamScale has resulted in an open source project completely shutting down, despite the fact that the patent in question (US Patent 8,683,296 for an "Accelerated erasure coding system and method") is almost certainly ineligible for patent protection as an abstract idea, following the Supreme Court's Alice ruling and plenty of prior art. Erasure codes are used regularly today in cloud computing data storage and are considered to be rather important. Not surprisingly, companies and lawyers are starting to pop out of the woodwork to claim patents on key pieces. I won't pretend to understand the fundamental details of erasure codes, but the link above provides all the details. It goes through the specific claims in the patents, breaking down what they actually say (basically an erasure code on a computer using SIMD instructions), and how that's clearly an abstract idea and thus not patent-eligible. Read more