Posted on 11/04/2003 8:52:38 AM PST by HAL9000
NEW YORK (AP) -- Novell Inc. stock soared Tuesday after the company said it will buy Germany's SuSE Linux AG for $210 million in cash.Novell also said IBM Corp. plans to buy $50 million of Novell's convertible preferred stock, and the two companies are in talks to extend agreements between IBM and SuSE.
SuSE provides software and support for Linux, an operating system widely used on Web servers and corporate computers. Its version of Linux is supported by IBM.
Shares of Novell traded Tuesday morning at $8.48, up $2.44, or 40 percent, on the Nasdaq Stock Market.
The move helps customers "adopt Linux with more confidence," said Jack Messman, Novell's chairman and chief executive.
Novell has supported IBM in its legal battle against SCO Group, which claims that IBM tooks bits of code from Unix, an operating system SCO says it has rights to, and transferred them to Linux. IBM has dismissed the lawsuit as unfounded, and Novell says that it, not SCO, owns the copyrights to Unix.
SCO has also threatened to sue companies that deploy Linux unless they pay a licensing fee.
The IBM contract extension and the preferred-stock investment are both expected to close when Novell's acquisition of closely held SuSE Linux, which is based in Nuremberg, Germany, is completed by the end of January.
In August, Novell bought another Linux company, Ximian Inc.
Copyright 2003 Associated Press, All rights reserved
And we also have this:
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Xbox to Switch to PowerPC
November 4, 2003 Wired News
Xbox to Switch to PowerPC The chip that powers the Macintosh will soon be in Microsoft's gaming console. That's good news for IBM and a bad sign for Intel. By Leander Kahney. By Leander Kahney 2:00 a.m. Nov. 4, 2003 PDT Microsoft's next-generation Xbox will ditch its Intel chip in favor of the same
RedHat's blunder in moving to "Fedora" has boxed them into a server corner they won't be able to get out of.
Novell, on the other hand, is girding to do battle against Microsoft on the desktop IMHO...
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