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1992-03-16
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NOVELL AND UNIX SYSTEM LABORATORIES SIGN MEMORANDUM OF UNDERSTANDING
PROVO, Utah, and SUMMIT, N.J. Oct. 15, 1991
Novell, Inc., developer of NetWare systems software, and UNIX System
Laboratories (USL), Inc., developer of the UNIX System V operating system,
today announced the signing of a memorandum of understanding on October 8,
1991, calling for a joint venture to be formed to develop and market
products and services to enhance NetWare and UNIX System V Release 4
interoperability in response to customer demand.
According to the memorandum, the two companies have agreed to make
available sales, marketing and distribution resources for the joint
venture's products. Novell and USL will fund and staff the new company at
a sufficient level to provide for a rapid introduction of its initial
products to market.
The two companies are proceeding with negotiation of a definitive agreement
and anticipate that the execution of the agreement will be reached within
two months of the signing of the memorandum. The agreement is subject to
the approval of both companies' Boards of Directors UNIX System
Laboratories, Inc., headquartered in Summit, N.J. develops and markets the
UNIX System V operating system and other Open Systems software, including
the TUXEDO, Transaction Processing System, Open Networking Platform OSI
technology, and the C++ Programming Language System, to the worldwide
computer industry.
Novell, Inc., (NASDAQ: NOVL) develops NetWare systems software products
that manage and control the sharing of data across a variety of network
computing environments, including computer workgroups, departmental
networks and business-wide information systems.