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Novell under pressure from investors

By - Source: Tom's Hardware | B 0 comment

The pressure is growing on Novell’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. AvertisementInvestment firm Blum Capital Partners owns or controls 5 percent 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.

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