Novell (NOVL) dirt cheap, good buy? Message Board

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

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To: Mark Bridges who wrote (10698)	4/3/1997 11:09:00 PM
From: Salah Mohamed	of 42771

Hi Mark: About High PE >>My main concern with Novell is there PE of around 28.<< This is based on the last 4 quarters results. In Q2-96 they had inventory reduction and showed a loss of .15. If you discount this one time adjustment, and base the PE on the last 3 quarters results, you have a PE of about 15. Considering they have a little more than $3 in cash, if you subtract this from the stock price, you end up with a PE of 11. In any case, this is not expensive. The concerns you expressed in your post about NT and migration from Netware are valid, and hopefully Dr Schmidt cures this apparent problem quickly. Regards Salah

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