To: zwolff who wrote (31923 ) 5/24/2000 4:52:00 PM From: zwolff Read Replies (1) | Respond to
Something to learn from 97-2000?1. Novell said the sales shortfall affected boxed software sold through distributors and OEMs. Sales of the company's software via its multi-product license programs continue strong, officials said, reflecting strength in the large network enterprise market. 2. Rick Sherlund, a partner with Goldman Sachs, New York, called the numbers "brutal." "It's not pretty," he said. "The Street anticipated that revenues would be in the $375 3.The news sent Novell shares reeling Wednesday, falling 1 29/32 to 7 1/8, a 21 percent drop, in early afternoon trading. 4.We will make the changes necessary to better manage and control Novell's business, including setting appropriate levels for operating expenses and product inventories in the 5.Schmidt promised to strengthen Novell's business with new Internet products. "The product path we are on is replacing Novell's older business with an Internet future that I came to help create," he said.
