fell in the aftermath of its fourth-quarter earnings report, which indicated a 21% decline in revenue from the same period a year ago.
also cut its rating on the company to market perform from market outperform this morning.
Novell, which provides network and Internet directory software and services, recently slipped 19.4%, or $1.44, to $5.97 in
The company said it broke even on a per share basis in the fourth quarter, meeting analysts' expectations. Revenue for the quarter fell to $273.3 million from $344.6 million a year ago.
The Provo, Utah, company also said growth in its new Internet-based services could not offset the rapid sales decline elsewhere, and warned that sales would likely be flat in the coming year.