Navivest Stocks and Options Blog » cisco http://www.navivest.com/blog Stocks and options trading ideas and market commentary. Fri, 23 Jul 2010 17:40:17 +0000 en hourly 1 Novell Up After Hours On Takeover News http://www.navivest.com/blog/2010/03/novell-up-after-hours-on-takeover-news/ http://www.navivest.com/blog/2010/03/novell-up-after-hours-on-takeover-news/#comments Wed, 03 Mar 2010 04:59:25 +0000 Navivest http://www.navivest.com/blog/?p=99 Shares of embattled network software maker Novell (NOVL) are rising in after hours trading, on news that hedge fund, Elliot Associates, has made an offer of $5.75 a share or roughly $2 billion, for the company.

The stock is trading slightly above that, up $1.23 to $5.98, as traders place bets that better offers might emerge from other networking-related concerns such as Microsoft (MSFT) and Cisco (CSCO) or maybe even IBM (IBM).

Novell’s stock, which was once a very hot commodity back in the nineties, have severely lagged the broader market in the past ten years, dropping 88.88% from the ten year high of $42.44 that was reached on January 4, 1999.

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