TECHNOLOGY - Aug. 22, 1994

Novell Earnings Fall Short: The big software company said it will report quarterly earnings of as low as 20 cents a share amid higher costs and less-than-expected revenue from recently acquired WordPerfect Corp. and Quattro Pro. Novell, the world’s largest personal computer network-software company, “has initiated expense reductions to improve its profitability,” though the cuts won’t help third-quarter results, the company said in a statement. Novell is scheduled to report results for its third quarter ended July 30 after the stock market closes on Wednesday. Operating results will be as much as 20% below securities analysts’ average forecast of 25 cents a share, the company said. In June, the company completed its acquisition of business software company WordPerfect for about $855 million in Novell shares. Novell also completed its purchase of Borland International Inc.’s Quattro Pro spreadsheet program business for $145 million in cash.