Is Novell worth $2 billion?

摘要

Novell isn't VELL ISN'T the IT giant it once was, but the company may be well worth the $2 billion offered in a takeover bid by a New York hedge fund, analysts say.rnNovell's value is "at least that, and more," says Gartner analyst Earl Perkins.rnIn a letter sent last week to Novell's board of directors, the hedge fund Elliott Associates said its offer of $5.75 per share represented a premium of 49% over Novell's enterprise value, a measure that includes a firm's market capitalization, preferred stock and debt.rnBut Novell's stock jumped to $5.97 per share after the offer by Elliott Associates, which already owns 8.5% of Novell, Dow Jones Newswires reported.