Select A Section
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Table of Contents
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Corporate Profile
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Chairman's Letter
Financial Highlights
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SCALABLE, Altavista | Compaq Computer Corporation
SECURE, America Online, Inc.
CHOICE, Sun Microsystems, Inc.
POWER, Red Hat, Inc.
MANAGE, Peoplesoft
INTEGRATED, Lucent Technologies
OPEN, Oblix Inc.
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Selected Consolidated Financial Data
Management's Discussion and Analysis
Consolidated Statements of Operations
Consolidated Balance Sheets
Consolidated Statements of Shareholders' Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Report of Ernst & Young LLP, Independent Auditors
Selected Consolidated Quarterly Financial Data
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Directors and Executives
Office Locations
Corporate Directory
Contact Novell
Annual Meeting
Fiscal year ended
Oct. 31
1999
Oct. 31
1998
Oct. 31
1997
Net sales
$
1,272,820
$
1,083,887
$
1,007,311
Cost of sales
286,021
248,617
288,617
Gross profit
986,799
835,270
718,694
Operating expenses
Sales and marketing
434,339
398,532
460,027
Product development
227,636
235,744
300,599
General and administrative
101,772
102,548
102,737
Restructuring charges
—
—
55,335
Total operating expenses
763,747
736,824
918,698
Income (loss) from operations
223,052
98,446
(200,004)
Other income (expense)
Investment income
41,472
44,727
61,315
Other, net
(20,688)
(1,539)
(11,881)
Other income, net
20,784
43,188
49,434
Income (loss) before taxes
243,836
141,634
(150,570)
Income tax expense (benefit)
53,089
39,658
(72,274)
Net income (loss)
$
190,747
$
101,976
$
(78,296)
Weighted average shares outstanding
Basic
334,460
350,525
348,149
Diluted
349,393
356,437
348,149
Net income (loss) per share
Basic
$
.57
$
.29
$
(.22)
Diluted
$
.55
$
.29
$
(.22)
See notes to consolidated financial statements.
Copyright © 2000