Rob writes “The pressure is growing on Novell Inc’s management to make major strategic changes
after a regulatory filing revealed a Novell shareholder has joined Credit Suisse First
Boston in calling for change at the identity management and Linux vendor. Investment firm
Blum Capital Partners LP owns or controls 5% of Waltham, Massachusetts-based Novell’s
outstanding shares, according to the filing, and has repeatedly called on Novell to take
steps including cutting costs, divesting
non-core businesses, and implementing a share repurchase program.”
after a regulatory filing revealed a Novell shareholder has joined Credit Suisse First
Boston in calling for change at the identity management and Linux vendor. Investment firm
Blum Capital Partners LP owns or controls 5% of Waltham, Massachusetts-based Novell’s
outstanding shares, according to the filing, and has repeatedly called on Novell to take
steps including cutting costs, divesting
non-core businesses, and implementing a share repurchase program.”
Link: cbronline.com
