WALTHAM, Mass., May 13 MA-NOVL-Share-Program
WALTHAM, Mass., May 13 /PRNewswire-FirstCall/ -- Novell, Inc.
(Nasdaq: NOVL) today announced that its Board of Directors has authorized the
repurchase of up to $100 million of the Company's outstanding shares of common
stock. Repurchases may be made in the open market, through Rule 10b5-1
arrangements, or in privately negotiated transactions, including through block
trades and the use of derivative securities, or otherwise. The manner, timing
and amount of any repurchases will be determined by the Company's management.
There is no fixed termination date for the repurchase program.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors created
therein. The forward-looking statements contained herein include statements
relating to Novell's share repurchase program. Actual events may differ
materially from current expectations, and are subject to a number of risks and
uncertainties, including Novell's ability to complete the share repurchase
program. Forward-looking statements are based on the beliefs and assumptions
of Novell's management and on currently available information. Novell
disclaims any intention or obligation to update any forward-looking statements
as a result of developments occurring after the date of this press release
except as required by the securities laws.
About Novell
Novell, Inc. (Nasdaq: NOVL) delivers the best engineered, most
interoperable Linux* platform and a portfolio of integrated IT management
software that helps customers around the world reduce cost, complexity and
risk. With our infrastructure software and ecosystem of partnerships, Novell
harmoniously integrates mixed IT environments, allowing people and technology
to work as one. For more information, visit http://www.novell.com.
Novell is a registered trademark of Novell, Inc. in the United States and
other countries. *Linux is a registered trademark of Linus Torvalds. All other
third-party trademarks are the property of their respective owners.
SOURCE Novell, Inc.
