Novell.(Eric Schmidt turns company around)(Brief Article)
Economist (US), The, April, 1999
Re-born.com
SAN FRANCISCO
WHEN Eric Schmidt, formerly chief technology officer at Sun Microsystems, took over the top spot at Novell in April 1997, many in Silicon Valley pitied him. The Utah-based software firm was in a terrible mess.
Today, a lot of those high-tech managers would love to be in his shoes, for Mr Schmidt has engineered an impressive turnaround. Novell recently posted its sixth profitable quarter in a row, doubling earnings and increasing revenues by 13%, to $286m. Its share price has quadrupled to around $25.
Mr Schmidt cut costs and shipped a new version of Novell's chief product, NetWare. But his brightest move was to place another program at the heart of the company-Novell Directory Services. NDS is a kind...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
