Misplace your heatsink? Try checking your wallet, right in between your Visa credit card and your Paypal debit card. It's not outrageous, it's Novel Concept Inc.'s new ThinSink cooler, which the company claims is the world's thinnest forced convection (fan cooled) heatsink. This thing's not just as thin as a credit card, it's even skinnier, yet supposedly has a volumetric cooling efficiency 25 times greater than today's best microprocessor heatsinks, Novel Concepts says. Can it really be true?
Google pulled off a coup last year when it was awarded a contract worth $7.25 million by the City of Los Angeles to move 30,000 employees to its cloud-based email solution. It was a huge triumph not only because CSC’s (Computer Sciences Corporation) proposal for Google Apps – both companies have joined forces for this project – was picked from 15 proposals but also due to the fact that Microsoft was among those snubbed. This was seen as an alarming development for Microsoft’s popular Office productivity suite.
Google and CSC’s victory celebrations are long over and the June 30 deadline history, but so far only 10,000 city employees have been moved to Google apps while the rest, including 13,000 L.A.P.D members, are still stuck with a traditional email solution provided by Novell. The delay stems from the security concerns raised by the Los Angeles Police Department, which is particularly worried about data encryption.
"We've had a lot of technical issues, some we've created and some we haven't," said Los Angeles CTO Randi Levin. "We underestimated the amount of time it was going to take." According to a MarketWatch report, the two companies have agreed to compensate the city for all costs it incurs during the course of the delay.
Novell might be for sale, but only for the right price. And that price, as hedge fund Elliot Associates found out over the weekend, is higher than $2 billion.
"As you may know, on March 2nd, Elliot Associates, L.P. announced an unsolicited, conditional proposal to acquire Novell," Novell CEO Ron Hovsepian wrote in a statement. "Today we issued a press release announced that our Board of Directors has concluded, after careful consideration, including a review of the proposal with its independent financial and legal advisers, that Elliot's proposal is inadequate and that it undervalues the company's franchise and growth prospects. Additionally, we announced that our Board has authorized a thorough review of various alternatives to enhance stockholder value."
Novell's true worth is a point of debate. Some analysts contend that the company should have taken the offer at $5.75 per share, while others believe its value is much higher, pointing out the company's $1.82 billion in assets.