Novell stock slips after revenue shuffle

By Stephen Shankland
Staff Writer, CNET News

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Novell's stock dropped 7 cents, or 1 percent, to $5.24 Monday after the company reclassified $6.1 million in Linux revenue from its most recent quarter. Novell changed the funds from licensing revenue to service and maintenance revenue, the Waltham, Mass.-based company said in a regulatory filing Friday.

The wrongly categorized revenue was chiefly related to the company's SUSE Linux Professional Server product, Novell said. Overall revenue and net income were unchanged for the quarter, the company's first in fiscal 2005.

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