12.08.08
Red Hat Surges 32 Percent While Novell Declines
The Anti-Red Hat Pact
Novell’s latest results were rather poor and the following new article makes it apparent that Novell’s alliance with Microsoft turned out not as was hoped.
Red Hat Defies Market Pressures, Jumps 32%
[...]
The biggest loser of the week was Novell (NASDAQ: NOVL) with a loss of 11 percent. Novell reported a fourth quarter loss of 5 cents per share. Net revenue losses were $16 million versus $18 million for the same quarter last year.
Microsoft is concerned enough about its own situation amid financial issues, so keeping Novell afloat is not necessarily a priority.
Some Novell sites use (or used) Fedora and so do some of Microsoft's. Red Hat is left victorious on the server, despite a ruthless patent plot against it. █
Yfrwlf said,
December 8, 2008 at 7:59 pm
Looking at the graphs for the past one year, Google, Yahoo, Red Hat, Novell, and Microsoft all have gone way, way down. Making market assumptions about the weekly changes of stocks is pretty rash.
As far as trying to say who is doing worse though, that’s difficult, but I guess you could compare percentage drops to be more fair?
Microsoft was about $35 per share a full year ago, now they’re $20, a little less than a 50% drop. Novell went from $7 one year ago to just over $4, a little less than a 50% drop. Red Hat’s drop was more recent, but still a major drop, from $23/share in June to just $10, more than a %50 drop.
Given those figures, and that the drop appears to be quite sudden, even though the recession of course *should* help open source, it doesn’t appear to be really doing so, at least as far as paid support at least. I’d bet there are more downloads and OSS being actually used though even if they aren’t paying for support or development.
Yfrwlf said,
December 8, 2008 at 8:05 pm
Oh and BTW, Yahoo has gone from about 27 to 10, an even worse drop, and Google has gone from 690 to 290 or so, which was not as bad as Yahoo’s drop.
But, the economy sucks all around. Perhaps looking at how much each one raises back up after the recession will be more informative.