Novell: Ready to Buy

But who's doing the buying? While the cash-flush software maker wants to make acquisitions, Novell itself could be a target
Novell President and CEO Ron Hovsepian at a press conference in 2006 Monica M. Davey/AFP/Getty

Novell (NOVL), the struggling software maker once among the computer industry's best known names, is trying to reclaim relevance through an embrace of open-source software and a détente with onetime rival Microsoft (MSFT). Now, having stemmed a multiyear revenue decline and beefed up its balance sheet, Novell plans to start acquiring smaller software companies in a quest for growth.

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