Novell is to buy back 10% of its shares on the open market using cash and short-term investment totalling $1.08 billion (#659 million). The deal will involve 35 million shares in circulation today. Companies generally repurchase shares to guard against takeovers, or as a way to use up excess cash. Dennis Raney, Novell's newly appointed chief financial officer, said: "Share repurchase is both a good use of a portion of Novell's cash asset and completes other investment decisions that we are making to grow Novell's business." Last year Novell spent $456 million (#278 million) repurchasing 33 million shares.
IBM and Technical University of Munich team demonstrate how Shor's algorithm, which can't be cracked by conventional computers, can be solved quickly with quantum computing
Hubble Space Telescope finds superflares from young red dwarfs could strip away planetary atmosphere
Younger stars are 100 to 1,000 times more energetic than when they're older
Two of the big four supermarkets will use the system to control sales of restricted products
PUBG news and updates: November's Update #23 to bring new Skorpion pistol and changes to blue zone visibility
Genuinely useful side-arm coming to PUBG in Update #23