Novell under pressure from investors

04:53 - Thursday 15 September 2005 by Wolfgang Gruener
Source: Tom's Hardware – Keywords: novell, under, pressure, from, investors Category : Miscellaneous

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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