[GLLUG] FW: Breaking News for Nzone Members: Novell Acquires SUSE
randall.keyes at jnli.com
Tue Nov 4 14:12:30 EST 2003
Red Hat no more????
JNL Network Services
randall.keyes at jnli.com
celeritas et veritas
"The battle for Helm's Deep has ended. The battle for Middle Earth is about
to begin..." 17 December, 2003
From: Novell [mailto:Novell.Nzone at novell.rsc03.com]
Sent: Tuesday, November 04, 2003 1:20 PM
To: RANDALL.KEYES at JNLI.COM
Subject: Breaking News for Nzone Members: Novell Acquires SUSE LINUX
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
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 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.
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