-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MBxMYXoU7sio4xhtwYKwbNo5x3ZuxnPe1rO5La+RP2kg7eYvRg2y0Ei3E6yqZ/wm REcWmf4WDTpT7VhXKKBuVw== 0000758004-05-000071.txt : 20050801 0000758004-05-000071.hdr.sgml : 20050801 20050801161214 ACCESSION NUMBER: 0000758004-05-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050731 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20050801 DATE AS OF CHANGE: 20050801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOVELL INC CENTRAL INDEX KEY: 0000758004 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 870393339 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-13351 FILM NUMBER: 05988580 BUSINESS ADDRESS: STREET 1: 1800 SOUTH NOVELL PLACE CITY: PROVO STATE: UT ZIP: 84606 BUSINESS PHONE: 8018617000 MAIL ADDRESS: STREET 1: 1800 SOUTH NOVELL PLACE CITY: PROVO STATE: UT ZIP: 84606 8-K 1 novl-8k_080105.htm NOVELL, INC. - Q3 FY05 EMEA RESTRUCTURING THIRD QUARTER 2005 EMEA RESTRUCTURING

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

July 26, 2005
Date of Report
(Date of earliest event reported)

Novell, Inc.
(Exact name of registrant as specified in its charter)



Delaware
(State or other jurisdiction
of incorporation) 		0-13351
(Commission File
Number) 		87-0393339
(IRS Employer
Identification Number)


404 Wyman Street, Suite 500
Waltham, MA 02451
(Address of principal executive offices)


(781) 464-8000
(Registrant’s telephone number, including area code)


Not Applicable
(Former name or former address, if changed since last report)

Item 2.05. Costs Associated with Exit or Disposal Activities.

On July 26, 2005, the European management of the Registrant approved and adopted a restructuring plan of Novell's Europe, Middle East and Africa (“EMEA”) operations. The primary goal of the restructuring is to improve Novell EMEA's profitability and operating efficiency. This restructuring is a component of the transition of our worldwide sales and consulting delivery teams that we commenced in North America in fiscal 2004 and extended to EMEA beginning in the first quarter of fiscal 2005.

Under the restructuring plan, Novell anticipates reducing its EMEA workforce by approximately 120 to 150 employees by the end of the current fiscal year. Novell estimates that total restructuring expenses to be incurred in connection with the plan will be approximately $10 million to $12 million, most of which will be recorded in the third quarter of fiscal 2005. These costs, which consist primarily of employee severance arrangements, will be principally paid out, and the restructuring plan will be substantially completed, in the fourth quarter of fiscal 2005. Novell currently estimates that activities related to the restructuring plan will reduce quarterly operating expense by approximately $3 million to $4 million.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Novell, Inc.
(Registrant)
Date: August 1, 2005
By   /s/   Joseph S. Tibbetts, Jr.
(Signature)
Senior Vice President, Chief Financial Officer
(Title)
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