By silicon.com, 21 August 2003 13:03
NEWS 21.08.98: Novell has reported a profit for a third consecutive quarter. The company said it made a net income of $27m, compared with a loss of $122m in the same period last year. Eric Schmidt, CEO of Novell, said the results were a vindication of the company's strategy to focus on the IP market. 21.08.03: Novell's success continued for a few more quarters before it all turned a little bit pear-shaped. Though the downturn was certainly not unique to Novell, the company was sucked into the same hole which devoured much of the IT industry. Profits soon turned into losses and the picture looked a lot less rosy by the nadir of 2001 than it had three years previously. Ideas of becoming bigger than Microsoft turned to a determined effort just to survive and a refocusing upon emerging areas such as web services and Linux. But IP has continued to maintain enterprise and vendor interest, and when flexibility and cost-savings are the two biggest selling points you can see why. With uncanny timing silicon.com has just launched a special report dedicated to the subject of IP. Click here to read more.
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