Novell told ‘more vision, less cost'

Demand is growing from shareholders for changes in strategic direction and tighter control of costs in a bid to reverse poor results. Investment firm Blum Capital Partners has joined Credit Suisse First Boston and a host of smaller shareholders is demanding the divestment of non-core businesses, and the implementation of a share repurchase program.

Investors have also cited the expense of Novell's two corporate jets and legendarily huge R&D spend as factors affecting its profitability. It also faces accusations of having too many legacy products, too many NetWare engineers and insufficient ‘vision and strategy'.

But apart from that, everything at the Linux and identity management vendor is going swimmingly. µ

Complete INQUIRER channel coverage at TheChannelINQ.net