AT DEADLINE - Novell CEO chairman and president Robert Frankenberg has resigned, as the company remains mired in its financial slump. Frankenberg's chairman post will be filled by John Young, a former president and CEO of Hewlett-Packard. Joseph Marengi, Novell's executive vice- president of worldwide sales, has been appointed president. Novell's board has begun to look for a new CEO. Disappointing third quarter results - in which Novell's earnings were down 42 per cent - are said to have hastened Frankenberg's departure.
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