Got this today from Novell: Novell Announces Agreement to Acquire Leading Enterprise Linux Technology Company SUSE LINUX Novell today announced it has entered into an agreement to acquire SUSE LINUX, one of the world's leading enterprise Linux companies, expanding Novell's ability to provide enterprise-class services and support on the Linux platform. With the open source expertise of SUSE LINUX and Novell's world-class networking and identity solutions and support, training and consulting services, Novell will be able to deliver Linux and all its components -- from the server to the desktop -- and give organizations a secure, reliable and mature Linux foundation. Novell will pay $210 million in cash to complete the acquisition. The transaction is subject to regulatory approval and the winding up of shareholder agreements. Novell expects the transaction to close by the end of its first fiscal quarter (January 2004). This latest move follows Novell's August purchase of Ximian, a leader in Linux server and desktop solutions, and further demonstrates Novell's ongoing commitment to provide customers a full range of Linux solutions. Both the Ximian and SUSE LINUX acquisitions affirm Novell's commitment to promoting the open source model and developer community. Novell today also announced that IBM intends to make a $50 million investment in Novell convertible preferred stock. In addition, Novell and IBM are negotiating extensions to the current commercial agreements between IBM and SUSE LINUX for the continued support of SUSE LINUX on IBM's eServer products and middleware products, and to provide for product and marketing support arrangements related to SUSE LINUX. Both of these agreements will be effective when the acquisition of SUSE LINUX by Novell is completed. =================================== LINKS =================================== For more information - Press Release: http://www.novell.com/news/press/archive/2003/11/pr03069.html?sourceid=suse_nui_press Press Conference Invitation Novell and SUSE LINUX will hold a press conference at 11 a.m. EST (5 p.m. CET) to discuss the transaction in greater detail. The press conference can be heard live at http://www.novell.com/webcast talk back What do you think about all of this? Fill out this survey and you could win a prize. http://www.zoomerang.com/survey.zgi?G26XK7H2H21LNLQ3G9BVQ3MT ===================================== Copyright 2003 Novell, NetWare and Ximian are registered trademarks; eDirectory, exteNd, Nsure and Nterprise are trademarks; and Ngage is a service mark of Novell, Inc. in the United States and other countries. SUSE is a registered trademark of SUSE LINUX. *All third-party trademarks are the property of their respective owners. www.novell.com --- _______________________________________________ TCLUG Mailing List - Minneapolis/St. Paul, Minnesota http://www.mn-linux.org tclug-list at mn-linux.org https://mailman.real-time.com/mailman/listinfo/tclug-list