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February 18, 1997updated 05 Sep 2016 12:39pm

NOVELL PLANS TO MOBILIZE CASH PILE WITH ACQUISITION SPREE

By CBR Staff Writer

Novell Inc may be under extreme pressure from Microsoft Corp and Windows NT but the company does have the security of $1bn in the bank, and president Joseph Marengi – still waiting for a chief executive to report to – says it plans to use the cash to bolster its position. The company intends to use at least some of the cash to develop new products, acquire companies with technologies that fill holes in its product line, and expand internationally. It expects to announce a new chief executive in the next 30 to 60 days. As well as covering its NetWare tail, Novell aims to move its GroupWise product into the number two position in the groupware sector, after IBM Corp’s Lotus Notes. GroupWise and ManageWise now make up a combined 25% of Novell’s revenues, with GroupWise growing at about 80% a year and ManageWise at over 50%. He also said he met Charles Wang, chairman of Computer Associates International Inc, two weeks ago to work out a partnership that would integrate ManageWise with the latter’s Unicenter systems management software.

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