Novell (NOVL) reported next to no reveue growth in its last quarter. The number was $243 million, up less than 3% from a year ago. According to TheStreet.com, cash flow dropped from $36 million to $26 million. That is about what Microsoft (MSFT) spends to operate its corporate jet each month.
The other "big" company in the open-source enterprise Linux software business is Redhat (RHT). In the last reported quarter, revenue there was $119 million.
A recent study from Gartner actually shows Microsoft (MSFT) taking back market share in the server OS business. That means that one of the largest markets for Linux may not be a growth busienss any more.
Novell and Redhat live in the shadow of the ogre in Redmond. Microsoft recently said that Linux violates a number of its patents.Could be.
But, Linux is not big, and it is not growing much as an alternative for enterprise application software.
Linux has become the next Netscape.
Douglas A. McIntyre
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.