[Novalug] Breaking up is hard to do ... the M$-Novell Cat and Mouse Game
bdalzell at qis.net
Tue Mar 9 14:56:22 EST 2010
On Tue, 9 Mar 2010, Rich Goodwin wrote:
> Oh Darryl, where art thee?
> I have not seen anhyhing on the list about the hedge fund Elliott buying
> up Novell shares to then turn it around & sell it. When I heard this,
> on of my fears came that if Novell were broken up - who would buy the
> UNIX rights? Microsoft?!?!?! That would cause a whole lot of issues.
> Enought o almost wish Mr. McBride would come back and screw things up
> Here's two link of interest - WHy M$ can't let Novell die
> (http://www.eweekeurope.co.uk/comment/why-microsoft-cant-afford-to-let-novell-die-5681) and an article on Elliot's & NOvell's "Cat and Mouse" game that will likely evolve.
This morning on NPR there was an article that explained why takeovers
can occure for publically traded corporations even if the corporation
management does not want the take over. The stockholders are allowed to
sue to force the corporation to take action to maximize current profits. I
had not realized this. It is the problem of "short term profit and long
term loss" vs "short term loss long term profit".
Here is the link to the article for those who did not know about this
aspect of corporate law. These laws do vary from state to state and some
states are moving to change aspects of these laws helping publically
traded corporations resist takeovers that in the long run would be harmful
to the company.
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> Novalug at calypso.tux.org
Bonnie Dalzell, MA
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