Thursday, November 02, 2006

Microsoft and Novell Major Announcement

SEATTLE (Reuters) - Microsoft Corp. (NASDAQ:MSFT - ) is entering into an agreement with Novell Inc. (NASDAQ:NOVL -) that will allow open-source Linux software to work with the company's Windows software, the Wall Street Journal reported on Thursday.

Microsoft plans to make a major announcement later on Thursday, but declined to comment on the article.

Shares of Novell rose 16.7 percent on the news, while open-source rival Red Hat Inc. (NASDAQ:RHAT - ) shares fell 4.5 percent in afternoon Nasdaq trade.

Link Here for CBS MarketWatch News


3 comments:

sysadmin1138 said...

Holy crap! That's a big deal!

Anonymous said...

I think Uncle Ray would be happy...I was struck by the irony of the posting about Ray Noorda's death right below this major announcement from Novell and Microsoft.

Bucky said...

I thought the same thing when I posted the MS Novell announcment. I think Ray would also be happy.