Novell to Release 20% of Their Employees?
sicariusdracus writes to tell us that Ron Hovsepian, the new president and COO of Novell may have his hands full in the near future. Ron has been tasked with getting the troubled business back on track which many have speculated could result in more than 20% of the 5,800 man workforce getting a pink slip (although Hovsepian suggests that may be an over exaggeration). Part of the restructuring will be announced with Novell's fourth-quarter financial results.
Smithers: Mr. Hovsepian there's some solicitors at your door to see you.
Hovsepian: Release the employees.
I sure hope they're released under the GPL... It's good to see companies like this releasing human resources though. I'm going to download some today! Anyone got a torrent?
Pretty old news, it will be around 10% or 600 jobs
Ciao, Marcus
Wait a minute, are you saying we're FIRED?
I have such a hard time with this Newspeak.
All joking aside, who uses them anymore? Is their business all legacy support?
Do any of you guys use them? I guess I ask because I'm surprised they are still in business.
I hanve't seen a novell system in many years, and never hear about copanies doing a big novell roll-out.
Lets just say they've been "open sourced". 1160 people liberated, people want to be free.
But not me, I'm expensive.
try { do() || do_not(); } catch (JediException err) { yoda(err); }
I'd had a feeling that that story wasn't going to get posted here...
What I'm listening to now on Pandora...
To be clear, Novell is profitable.
EPS (ttm)=0.92 means that their Earnings Per Share for the Trailing Twelve Months was 92 cents a share. On a $7.47 share price (when I looked at the link, above), that's about 12% Earnings return on the share price (or a PE Ratio of 8.08).
That's really not a horrible return. Not great, but not bad, considering some tech companies LOSE money. It's only as high as it is because the stock price is beaten down so badly. Of course, you need to consider FUTURE earnings, not past, when buying a stock.
I'm no stock guru, but I do have what most would consider a sizeable portfolio, and I am in Novell at just over $6 (full disclosure here) for a few grand. So, yes, if I could encourage buying without touting the stock, I would. But I can't; that might be illegal.