June 28, 2008 5:32 AM PDT
Novell is a "Buy" again
Of some significance this past week, Jefferies raised its rating on Novell to a "Buy," arguing that the Linux and Identity Management vendor's revenue stream is "as stable as you can get during a recession." Novell has particular strength in the government sector, which is somewhat impervious to downturns.
Perhaps this is why a Novell director bought 10,000 more shares of stock?
I don't follow it closely, but this is the first time in a long time that I've seen any analysts upgrading Novell's stock. I have been hearing lots of confirming rumors that Novell's business is on the upswing (I mean, beyond its quarterly reports, which have also been good). It's good to see Novell doing well again.
Matt Asay brings a decade of in-the-trenches open-source business and legal experience to The Open Road, with an emphasis on emerging open-source business strategies and opportunities. Matt is vice president of business development at Alfresco, a company that develops open-source software for content management. He is a member of the CNET Blog Network and is not an employee of CNET. Disclosure.
