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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Jack Whitley who wrote (27135)6/7/1999 11:16:00 PM
From: WE89   of 42771
 
Jun. 04, 1999 (Computer Reseller News - CMP via COMTEX) -- Watertown, Mass. - When it
comes to software, sometimes the more things change, the more they stay the same.

Even though Microsoft Corp. was late to the Net game, it remains firmly entrenched atop the
pile of U.S. PC software develop-ers, with nearly $16.7 billion in revenue for 1998, according to
the recently released Softletter 100. That represents 27 percent growth for the Redmond,
Wash.-based giant.

Novell Inc., Provo, Utah, also had a banner year, with revenue up 26 percent to $1.12 billion,
according to Watertown-based Softletter, which tallied the figures based on calendar-year 1998
revenue.

Fresh off its buying binge, Santa Clara, Calif.-based Network Associates Inc. grew 35 percent
to $990 million. However, Adobe Systems Inc., San Jose, Calif., saw revenue fall 2 percent to
$894 million.

In 1998, 25 companies fell off the list due to acquisitions or faltering sales. Another 27
companies reported flat or negative growth, with midsize utility and business software
companies hit the hardest.

Growth leaders included Greenwich Mean Time-UTA, Arlington, Va., which saw revenue
increase nearly 10,000 percent. Other fast-climbers included Allaire Corp., Cambridge, Mass.,
which grew 168 percent, to become No. 55 on the list, and Dragon Systems Inc., a
voice-recognition software maker based in Newton, Mass., which grew 166 percent to hit the
No. 27 spot.

No longer on the list are Broderbund Software Inc. and Quarterdeck Corp., both of which were
acquired.

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