Meeting Estimates Not Good Enough for Novell

Author:
Publish date:

Novell

(NOVL)

was down 8.4% in after-hours

Island

trading when it reported, following Tuesday's close, that it had broken even in the fourth quarter. That met the Street's estimate but fell short of last year's earnings of 17 cents a share. Revenue dropped sharply, the company said, as sales of its packaged business software fell faster than its new Internet services grew.