Novell posted disappointing quarterly results Tuesday due to weak sales of older products, and said it expected to take restructuring charges in 2007, driving its shares down over 8 percent.
Novell shares fell 8.4 percent in after-hours electronic trading from their Nasdaq close of $6.33.
Although Novell reported a preliminary fiscal fourth quarter profit, bouncing from a year-ago loss, revenue fell 15 percent to $244.9 million. That missed the average Wall Street forecast of $251.5 million according to Reuters Estimates.
"Overall these are disappointing results," said Jefferies & Co. analyst Katherine Egbert, citing the lower-than-expected quarterly sales figure and Novell's 2007 sales outlook.