Novell Reports Preliminary Financial Results for First Fiscal Quarter 2007

Novell announced preliminary financial results for its first fiscal quarter ended Jan. 31, 2007. These financial results are preliminary because Novell, during the third fiscal quarter of 2006, began a self-initiated, voluntary review of the company's historical stock-based compensation practices and related potential accounting impact. The financial results reported today do not take into account any adjustments that may be required in connection with the completion of the stock-based compensation review and should be considered preliminary until Novell files its Form 10-Q report for the third fiscal quarter ended July 31, 2006, its Form 10-K report for the full fiscal year ended Oct. 31, 2006, and its Form 10-Q report for the first fiscal quarter ended Jan. 31, 2007.

A summary of Novell’s vision, mission and strategy can be accessed on the Novell Web site at:
http://www.novell.com/company/ir/qresults/.

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