--- Novell <[EMAIL PROTECTED]> wrote:
> Date: Tue, 4 Nov 2003 08:21:58 -0800
> From: "Novell" <[EMAIL PROTECTED]>
> Subject: Breaking News for Nzone Members: Novell Acquires SUSE LINUX
> To: [EMAIL PROTECTED]
>
---------------------------------
Novell Announces Agreement
to Acquire Leading
Enterprise Linux Technology Company SUSE LINUX
Novell today announced it has entered into an agreement to acquire SUSE
LINUX, one of the
world's leading enterprise Linux companies, expanding Novell's ability
to provide
enterprise-class services and support on the Linux platform. With the
open source
expertise of SUSE LINUX and Novell's world-class networking and
identity solutions and
support, training and consulting services, Novell will be able to
deliver Linux and all
its components -- from the server to the desktop -- and give
organizations a secure,
reliable and mature Linux foundation. Novell will pay $210 million in
cash to complete
the acquisition. The transaction is subject to regulatory approval and
the winding up of
shareholder agreements. Novell expects the transaction to close by the
end of its first
fiscal quarter (January 2004).
This latest move follows Novell's August purchase of Ximian, a leader
in Linux server and
desktop solutions, and further demonstrates Novell's ongoing commitment
to provide
customers a full range of Linux solutions. Both the Ximian and SUSE
LINUX acquisitions
affirm Novell's commitment to promoting the open source model and
developer community.
Novell today also announced that IBM intends to make a $50 million
investment in Novell
convertible preferred stock. In addition, Novell and IBM are
negotiating extensions to the
current commercial agreements between IBM and SUSE LINUX for the
continued support of SUSE
LINUX on IBM's eServer products and middleware products, and to provide
for
product and marketing support arrangements related to SUSE LINUX. Both
of these agreements
will be effective when the acquisition of SUSE LINUX by Novell is
completed.
for more
information
press release
press conference invitation
Novell and SUSE LINUX will
hold a press
conference at 11 a.m. EST (5 p.m. CET) to discuss the transaction in
greater detail. The
press conference can be heard live at www.novell.com/webcast.
talk back
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could win a prize.
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exteNd, Nsure and
Nterprise are trademarks; and Ngage is a service mark of Novell, Inc. in the
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other countries. SUSE is a registered trademark of SUSE LINUX. *All
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=====
linux user 59439
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