* Responding to published reports
* Analyst: CFO considered selling all or part of company
SAN FRANCISCO, June 19 Novell Inc NOVL.O, the
the No. 2 publicly held maker of Linux software, said on Friday
it has no plans to sell itself after an analyst said the
company's finance chief considered the idea.
The company's statement came in a filing with the U.S.
Securities and Exchange Commission. Novell said it was
responding to inquiries and recently published reports.
Novell shares surged 10 percent Friday after J.P. Morgan
analyst John DiFucci wrote in a research note that Novell CFO
Dana Russell "entertained the possibility of breaking out some
parts of or selling the entire company, in order to maximize
shareholder value given the current depressed valuation
DiFucci, who met with Russell Thursday, added that, "this
theme of a breakup or entire sale is a newer theme than one we
have heard to date and could signal the company's willingness
to be acquired."
The shares of Waltham, Massachusetts-based Novell rose 43
cents to close at $4.68 on the Nasdaq.
(Reporting by Gabriel Madway; editing by Andre Grenon)