Novell's net fell 20% for quarter in sign that turnaround may not be speedy
Article Abstract:
Novell's net earnings fell 20% in 1st qtr 1997, from $63.6 million in 1st qtr 1996 to $50.8 million and revenue declined 14%. Novell is facing increasing competition with Microsoft, as its NetWare environment is challenged by Windows NT 4.0. Novell's new product GroupWise, while its sales grew by 34%, is competing with similar products from Netscape and IBM. While the year-earlier figures reflect profits from sales of unsuccessful product lines, Novell's results still show the company struggling to find a plan to sustain growth. Executives note that international sales have been weaker than expected, and an overall slowdown in the PC market has hurt NetWare sales. The company is also in the midst of management reorganization. While Novell has developed new product and Web-enabled NetWare, the company is still looking for new ways to generate revenues.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Informix has net loss, one aide fewer; accounting, sales strategy play role in firm's woes
Article Abstract:
Informix has announced a 1st qtr loss of $140.1 million, a 93 cent drop per share and the resignation of its CFO, Alan Henricks. The company had shocked Wall Street on Apr 1st when it announced it would not meet analysts expectations by 40%, or $100 million. In the following month, its stock has fallen 52%, down to $7.25 a share. Approximately $170 million of Informix software sales in 1996 were to companies that have not yet resold most of the software. The high amount of unsold inventory has masked the industry's true demand for Informix's software. Informix chairman and CEO, Phillip E. White believes his mistake was in halting the marketing of publicized performance testes of the company's mainstream databases.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Business environment, operations strategy, and performance: an empirical study of Singapore manufacturers. Approaches to mass customization: configurations and empirical validation
- Abstracts: Sony's new Clie offers some big improvements over the first model. Sprint TP3000 puts organizer functions on a cellular phone
- Abstracts: R&D management through network mapping: using the Internet to identify strategic network actors in cooperative research networks
- Abstracts: Going down gently: low inflation and continuing low interest rates mean the property boom will not bust, economists say
- Abstracts: Apple's net easily tops forecasts again; PC maker's profit doubled in quarter as iMac sales continued at strong clip