March 22, 1994 |
In keeping with the software industry's urge to merge, heavyweight Novell Inc. agreed Monday to buy WordPerfect Corp., its Utah neighbor and longtime ally, for $1.4 billion in stock and options. The union would create a formidable software industry competitor combining the world leader in the booming personal computer networking business with the dominant force in word processing.
February 14, 1994 |
U.S. patent No. 4,714,989--issued to engineer Roger Billings in 1987 for his "Functionally Structured Distributed Data Processing System"--might not sound like the stuff of a high-stakes court drama. But Billings, 46, a colorful inventor from Independence, Mo., contends that the patent makes him the owner of a prized office computing technologythat should be making him rich but isn't. In an effort to remedy that, he has taken software powerhouse Novell Inc.
October 4, 1990
Novell Inc. announced it has acquired the remaining 40% of Toronto-based Indisy Software Inc., a connectivity and electronic messaging software company. Novell has held a 60% interest in Indisy Software since July, 1988. Financial terms of the acquisition were not disclosed. Indisy president A. L. Frank will continue to work with Novell for the immediate future as a sales and marketing consultant, said Kanwal Rekhi, Novell executive vice president of product development.
May 22, 1990 |
Novell Inc. said Monday that it would be open to renewing merger talks with Lotus Development but added that no such negotiations are being contemplated or sought. The collapse last weekend of the nearly $1.5-billion deal to create the largest software industry merger ever leaves intact the balance of power in the business, dominated by Microsoft Corp. of Redmond, Wash.
May 21, 1990 |
The biggest merger in software industry history fell apart over the weekend when executives of Lotus Development and Novell Inc. could not agree on the number of directors each side should have in the combined company. Billed as a merger of equals, the nearly $1.5-billion stock swap would have created one of the nation's largest computer software companies, making it a formidable competitor to industry leader Microsoft of Redmond, Wash.
April 7, 1990 |
In a bold move to become a full-service software house, Lotus Development Corp. announced Friday that it will buy Novell Inc., creator of the top-selling personal computer networking program and leader of one of the most important segments in the PC software industry. The deal, whose current market value was pegged at about $1.