Tag: Novell

How not to go to jail for insider trading

I’m not going to jail for trading in Novell. In fact, I’m not going to trial, there will be no indictment…hell, I’m not even going to be investigated.

Several years ago I identified Novell as a buyout target. I will not go into my reasoning, but let’s just say I did so before it actually became a buyout target. I accumulated some shares, and sat tight. The stock languished.

Not even on my radar, I received a notification of the upcoming shareholders meeting. I reviewed my position in the wee morning hours, and concluded it was time to bail. I’m still not going into my reasoning.

Twelve hours later Elliott Associates LP, a fund that holds an 8.5% stake in the company, offered to buy the rest of it for roughly $5.75 a share. The stock hit $6.15 in after hours trading.

I think I got between $4.75 and $4.85 for my shares. During normal trading hours. I won’t be looking at those confirms again.

No steak dinner for me.

Open source getting the security hit from both ends

When I say “hit” I don’t mean getting hammered either.

Novell just announced that they are going to be releasing their AppArmor intrusion prevention software under the GPL. The product will likely get some improvements from the OS community, albeit at the expense of Homeland Security adding many line items on the Linux side of their less than accurately represented vulnerabilities list.

You gotta wonder, however, if the whole US-CERT list thing was a public relations move, as Homeland Security just made a grant to three groups to improve open source security. Yep. Over a million bucks is going to Stanford University, Coverity, and Symantec to work on OS bugs. The Stanford/Coverity bit makes total sense to me – Coverity has a service that allows you to upload your C/C++ code to their system, at which time they scrub the heck out it looking for unnecessary complexity and the potential pitfalls that go along with that. The technology, by the way, came out of Stanford. I guess Symantec is just along for the ride.

Novell buys Immunix

Immunix, a security software firm concentrating on Linux apps, has been purchased by Novell. No intense speculation here – Novell is building on its Linux portfolio, and having security software in its SUSE distros makes tons of sense.