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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Matthew Leo who wrote (10087)3/25/1997 4:36:00 PM
From: Reginald Middleton   of 42771
 
< I would see it more as a company statement that "our own stock is the best investment we can make at this point".>

The problem is that the Street doesn't see it that way. If the best investment they can make at this point is internal, then it should be internal (ex. capital projects), and not NOVL stock orientated. A share repurchase may cause a temporary blip for traders, but it would discourage the more astute investors.
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