Exhibit 99.1

FOR IMMEDIATE RELEASE
December 4, 2008

Novell Reports Financial Results for Fourth Fiscal Quarter and Full Fiscal Year 2008

     •   Fiscal 2008 product revenue increased 8% year-over-year
     •   Annual and quarterly operating margins showed notable improvement

WALTHAM, Mass. – December 4, 2008 – Novell, Inc. (NASDAQ: NOVL) today announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2008. For the quarter, Novell reported net revenue of $245 million, consistent with the fourth fiscal quarter of 2007. Loss from operations for the fourth fiscal quarter of 2008 was $6 million, compared to a loss from operations of $13 million for the fourth fiscal quarter of 2007. Net loss in the fourth fiscal quarter of 2008 was $16 million, or $(0.05) per share, which included a $14 million impairment charge related to the Company's auction-rate securities. This compares to a net loss of $18 million, or $(0.05) per share, for the fourth fiscal quarter of 2007. In the fourth fiscal quarter of 2008, foreign currency exchange rates did not materially impact net revenue and favorably impacted operating expenses and loss from operations by $1 million compared to the same period last year.

On a non-GAAP basis, income from operations for the fourth fiscal quarter of 2008 was $32 million. This compares to non-GAAP income from operations of $21 million in the year-ago quarter. Non-GAAP net income for the fourth fiscal quarter of 2008 was $20 million, or $0.06 per share. This compares to non-GAAP net income of $23 million, or $0.07 per share, for the fourth fiscal quarter of 2007.

For the full fiscal year 2008, Novell reported net revenue of $957 million and income from operations of $5 million. Comparatively, net revenue for the full fiscal year 2007 was $932 million and the loss from operations was $56 million. Net loss for the full fiscal year 2008 was $9 million, or $(0.02) per share, which included a $29 million impairment charge related to the Company's auction-rate securities. This compares to a net loss of $44 million, or $(0.13) per share, for the full fiscal year 2007. In the full fiscal year 2008, foreign currency exchange rates favorably impacted net revenue by approximately $22 million, negatively impacted operating expenses by approximately $22 million and did not materially impact income from operations compared to the same period last year.


The following information was filed by Novell Inc (NOVL) on Thursday, December 4, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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