No Comment on IBM-Novell Takeover Rumor
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No Comment on IBM-Novell Takeover Rumor
1.52 p.m. ET (1852 GMT) August 14, 2000
NEW YORK —
International Business Machines Corp.
(IBM.N) and Novell Inc. (NOVL.O) on Monday declined to comment on
rumors that IBM was looking to take over the business software
maker.
Shares of Novell were up 1-7/16 to 10-5/8 in heavy trade on
Nasdaq. IBM shares were off 3/16 to 120-9/16 on the New York Stock
Exchange.
"We don't comment on rumors,'' said IBM spokeswoman Carol
Makovich.
"Typically we don't comment on these kinds of rumors,'' said a
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