Novonyx reportedly back in Novell's fold
Laura DiDio and Patricia Keefe
Novonyx, Inc., the Orem, Utah-based start-up jointly funded by Novell, Inc. and Netscape Communications Corp., has been folded back into Novell after just seven months as an independent concern, sources close to Novell and Novonyx told Computerworld.
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Nasr declined to comment on whether Netscape's investment in Novonyx has changed. "I can't comment on financial investments that Novell and Netscape have made or on Novonyx's financials, since it is a privately held firm," he said. Novell owned the majority share in the company. Nasr also declined to comment on Hicks' status.
Both the anonymous letter and internal sources at Novonyx said the staff was upset about being absorbed into Novell because they will lose their equity stake in the private concern. Additionally, they said Stone told them that layoffs could be in the offing.
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Netscape declined comment, claiming it has no knowledge of the management changes. "As far as we know, everything's exactly the same," said Netscape spokeswoman Andrea Cook. "There's been no announcement."
Netscape's contribution to the Novonyx effort included undisclosed funds and a number of staffers who helped with software porting at Netscape's partner engineering center in Mountain View, Calif., she said.
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