November 21, 2003

Novell Reports Loss for Quarter

Author: Peter Galli

sjvn writes "Novell on Thursday reported a net loss of $109 million for the fourth fiscal quarter to end-October 2003, and compares to a net loss of $92 million"

This loss included $130 million in non-recurring charges, principally to increase a valuation allowance for net deferred tax assets, for the fourth fiscal quarter to end-October 2003, and compares to a net loss of $92 million, or a $0.25 loss per share, for the fourth fiscal quarter of 2002.

For the latest quarter, Novell reported revenues of $287 million, compared to revenues of $300 million for the fourth fiscal quarter 2002, and $283 million for the third fiscal quarter 200

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