Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Prudential Downgrades Novell

Prudential downgrades computer-networking company Novell (NOVL) to underweight from neutral.

Analyst Brent Hill says fourth-quarter results were disappointing, with total revenue, Linux revenue, and earnings per share below his estimate. He says the combination of weak fourth-quarter results, increased future investments, and an inability to significantly temper decline in NetWare (down 11% year-over-year, and now the fourth straight year of declines) keeps him on the sidelines for now.

Hill cuts his 20 cents fiscal 2005 (Oct.) earnings-per-share estimate to 10 cents, and $1.26 billion in revenue to $1.2 billion.

He also cuts his 25 cents fiscal 2006 earnings-per-share estimate to 14 cents, and $1.34 billion revenue estimate to $1.28 billion. He cuts his $9 target price to $7.

blog comments powered by Disqus