From Deseret News archives:

Novell co-founder dies

Raymond Noorda hailed for pioneering high-tech work

Published: Monday, Oct. 9, 2006 7:35 p.m. MDT
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Mr. Noorda nurtured relationships with Novell employees, which Heinz said created a "culture of trust and integrity."

A 1993 article in Fortune magazine described Mr. Noorda as an "easygoing" chief executive with a "casual style" like the late Wal-Mart founder Sam Walton. The article stated that Mr. Noorda had become a billionaire off of Novell's stock.

After retiring from Novell in 1995, Mr. Noorda founded the Lindon-based Canopy Group (now Canopy Ventures), which invests in start-up companies.

Last year the firm was the focus of a dueling lawsuits with three of its former executives who filed a suit alleging they were illegally terminated in December 2004. Canopy lodged a countersuit, saying the fired employees tried to take $25 million from the company while taking advantage of Mr. Noorda's failing health. In a settlement in March 2005, the three former executives received an undisclosed amount of money.

At the time of the lawsuits, Canopy was reported to be worth $300 million.

Gov. Jon Huntsman Jr. is also quoted on Canopy's Web site, calling Mr. Noorda one of the "innovators of the Utah Miracle."

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Mr. Noorda is survived by his wife of 56 years, Tye Noorda. Together they had one daughter, who preceded Mr. Noorda in death, and four sons.


E-mail: sspeckman@desnews.com

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