| Mr. Softy Won't Save Novell |
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After an interesting deal with Microsoft last November, Novell's stock surged 16%. Unfortunately, the boost proved short-lived, given investors' ongoing concerns about the open-source software firm.
In its first-quarter earnings report released last week, Novell announced that revenues decreased from $240 million to $230 million. Novell also posted a net loss of $19.9 million, or $0.06 per share, compared with a profit of $1.8 million, or $0.01 per share, in the year-ago period.
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