WALTHAM, Mass., June 17 MA-Novell-VP-leaving
WALTHAM, Mass., June 17 /PRNewswire-FirstCall/ -- Novell today announced
that Thomas M. Francese, executive vice president of worldwide sales, will
leave the Company, effective July 31, 2008. Mr. Francese joined Novell in
October 2005 to lead the Company's European sales and operations. During that
time, Mr. Francese supported the transformation of the sales and go-to-market
activities in that region. In October 2006, Mr. Francese was promoted to the
position of executive vice president for worldwide sales.
Commenting on the announcement, Ron Hovsepian, president and CEO,
acknowledged Mr. Francese's contributions to Novell's success. "Tom's charter
was to help grow Novell's sales, channel and alliances activities around the
globe. Through his efforts, and those of his team, we now have a strong
ecosystem in place to serve our customers within the rapidly growing Linux and
security, identity and systems management markets."
Given the maturity of Novell's sales transformation and the reorganization
of its sales activities, this position will be eliminated. The regional sales
management of Novell remains unchanged with Tim Wolfe continuing as president
of Americas, Volker Smid continuing as president of Europe, Middle East and
Africa, and Maarten Koster continuing as president of Asia Pacific.
Financial Outlook
Novell management reiterates the following financial guidance:
For the full fiscal year 2008:
* Net revenue is expected to be between $940 million and $970 million.
* Non-GAAP operating margin is expected to be between 7% and 9%, excluding
all acquisition-related intangible asset amortization.
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 reorganization of its sales activities and personnel and
future financial and operating results. Actual events may differ materially
from current expectations, and are subject to a number of risks and
uncertainties. 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.
