Hedge Fund Buys Novell
Wow, maybe Novell isn’t quite dead yet after all!
According to this story at Computer World, the New York-based Elliot Associates, LP, a hedge fund that is already Novell’s largest stock-holder, has made a public bid for the company. They claim to have extensive experience and good fortune turning around tech companies, and they see the potential in the once great Novell.
I’m not holding my breath, but I hope it works.
It’d be nice to see a company like Novell get turned around. Their products consistently win awards, but their marketing never seems to get them where they need to be. Novell basically started the local area network market, but now they’re very much the “also ran” in that category, coming in far, far behind Microsoft.
Again, I’m not holding my breath here, but I hope they can do it.
