Facebook Twitter

CFO says Novell amenable to further acquisitions

SHARE CFO says Novell amenable to further acquisitions

Joseph Tibbetts, chief financial officer of Novell Inc., said the network-software maker would consider making more acquisitions.

Massachusetts-based Novell, which has major operations in Utah, has more than $600 million in cash and no debt, Tibbetts said. "When we do our product road map and we look at what our customers are looking for, and what we need to provide them with a full range of capabilities in the information technology space and particularly in Linux, we look at what we have to have," he said.

"And we decide whether we need to license that from someone, we need to build it on our own or acquire the technology," Tibbetts said.