Novell Inc was also talking money, and warned that the acquisition of four companies in its fiscal third quarter will reduce operating margins until the companies can be fully merged into Novell’s business model: chief financial officer James tolonen told the analysts that before the four acquisitions, Novell’s quarterly financial model based on representative run rates produced income from operations of 39% of revenue of $270m; including the acquisitions, the model produces income from operations of 33% of revenues of $292m a quarter operating losses among the acquisitions represent 39% of their $22m aggregate turnover because of high research and development spending.
