Novell Shares Surge on Report of Microsoft Agreement
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Shares Novell Inc. surged the most in three years after the Wall Street Journal reported that the company, a distributor of the Linux operating system, is entering into an agreement with Microsoft Corp.
The shares rose as much as 17% and advanced 90 cents, or 15%, to $6.77 at 2:29 p.m. in Nasdaq Stock Market composite trading. They had declined 34% this year before today.
Microsoft plans to provide sales support for Novell’s Suse Linux operating system, the Journal reported on its Web site, citing unidentified people familiar with the companies.
