Language Selection

English French German Italian Portuguese Spanish

Novell Investor Wants Company to Fire Employees, Sell Division

Filed under
Misc

Blum Partners revealed this week that, disappointed by recent Novell results, it wants big changes at the NetWare and Linux vendor.

In an unusual move, the Blum Capital Partners LP investment firm publicly revealed it was very unhappy with Novell's current direction.

The San Francisco-based company published several letters to Novell CEO Jack Messman detailing its complaints and suggesting changes in its SEC (Security and Exchange Commission) Schedule 13-D.

The 13-D is a form that a company or individual must file within 10 days of obtaining more than 5 percent of a company's stock.

Earlier this year, Blum only owned 1.33 percent of Novell stock.

Then, in late August, Blum acquired enough shares to put it over the 5 percent mark.

Blum had initially outlined a new path for Novell in May and June, but Messman disagreed with Blum's prescription for Novell and did not implement them.

After Novell's disappointing financial results for its third fiscal quarter, which ended on July 31, 2005, and were reported on Aug. 25, Blum apparently decided to take a larger position in Novell and go public with its plans.

Full Story.

More in Tux Machines

Android L Will Keep Your Secrets Safer

Hard on the heels of increased security measures in Apple's newly released iOS 8, Google this week confirmed that encryption will be turned on by default in the next release of Android. Android has offered encryption for more than three years, and keys are not stored off the device, so they can't be shared with law enforcement, Google said. In the next Android release, encryption will be enabled by default. Read more

WHAT THE GNOME RELEASE TEAM IS DOING

At the release team BoF at this years Guadec, I said I would write a blog post about the whats and hows and ifs of release team work. I’m a little late with this, but here it is: a glimpse into the life of a GNOME release team member. We are in the end phase of the development cycle, when the release team work is really kicking into high gear. Read more

Global Web Literacy Gets a Boost From Maker Party 2014

This week we celebrated the record-breaking 2,513 events in 86 countries that made up Maker Party 2014. The campaign, which officially began on July 15th and ended this week, brought nearly 130,000 adults and children together to learn valuable digital literacy skills in classrooms, libraries, cafes, and living rooms around the world. Whether creating their first mobile apps with Appmaker, discussing the nuances of net neutrality during our global teach-in, or turning libraries into full-fledged maker spaces, this year’s crop of Maker Party events unleashed the creativity of a global community of web makers. Read more

India yet to catch up with FOSS, says Rushabh Mehta of ERPNext

We got a chance to interact with Rushabh Mehta, the founder of Web Notes Technologies, a company based in Mumbai, India. ERPNext is the major product of the company. It is a free and Open Source web based ERP (Enterprise Resource Planning) solution for small and medium sized businesses with its presence in more than 60 countries. In addition to the regular discussions on their Open Source product, strategy, customers etc. we also got a chance to understand how hard it is to thrive in an environment where the “Open Source” philosophy is not a familiar term yet. A software developer by passion and an Industrial Engineer by training, Rushabh also informed us about their imminent product conference in Mumbai he is quite excited about. Read more