Home opinion-and-analysis Open Sauce Are these the last days of Novell as we know it?

Author's Opinion

The views in this column are those of the author and do not necessarily reflect the views of iTWire.

Have your say and comment below.

After the hedge fund Elliott Associates made known its bid for Novell, at some kind of bargain basement price of under a billion US dollars, it seems unlikely that the company will not be acquired by either the fund or some other suitor who is waiting in the wings.

Elliott's offer of $US2 billion boils down to actually paying about half of that price as Novell is cash-rich and has nearly $1 billion in cash, cash equivalents and short-term investments.

As the former editor of Linux Today, the erudite Brian Profitt, points out, Elliott, like quite a good many other hedge funds, behaves like a vulture. It buys companies, dismembers them and sells them for a profit.

There will be no emotion where Elliott is concerned; the fund even purchased debt in a poor country like Costa Rica when it was possible to make a few million there, Profitt writes. In this respect, Elliott appears to follow in the grand tradition of asset management companies like the legendary Kohlberg, Kravis and Roberts.

Free software and open source types may agonise over a sale, since one of the better known GNU/Linux distributions, SUSE Linux, is one of the main assets that Novell still possesses.

But Elliott can probably only see dollar signs when it looks at Novell and if the commercial SUSE distribution suffers as a result, I doubt that there would be any tears shed.

FREE REPORT - IT MONITORING TOOLS COMPARISON

Are you looking to find the most efficient IT Monitoring tool available?

IT Monitoring is an essential part of the operations of any organisation with a significant network architecture.

Multiple IT monitoring platforms are available on the market today, supporting the various needs of small, medium-sized, and large enterprises, as well as managed service providers (MSPs).

This new report studies and compares eight different IT monitoring products in terms of functionality, operations, and usability on the same server platform with 100 end devices.

Which product is easiest to deploy, has the best maintenance mode capabilities, the best mobile access and custom reporting, dynamic thresholds setting, and enhanced discovery capabilities?

Download your free report to find out.

DOWNLOAD!

Sam Varghese

website statistics

A professional journalist with decades of experience, Sam for nine years used DOS and then Windows, which led him to start experimenting with GNU/Linux in 1998. Since then he has written widely about the use of both free and open source software, and the people behind the code. His personal blog is titled Irregular Expression.

Connect