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: Joe Antol who wrote (16219)	8/25/1997 12:55:00 PM
From: vinod Khurana	of 42771

DBC news: Novell keeps climbing on product launch Novell added 6.5 percent in Monday afternoon after rolling out its directory-based Internet product, BorderManager. The gain comes after a 3 percent advance Friday, even after the troubled company reported that a 75 percent drop in fiscal third-quarter sales left earnings below Wall Street expectations. Novell posted a loss of 25 cents, excluding a charge of 10 cents. Analysts expected a loss of 15 cents, according to First Call. Sales fell to $90 million from $365 million a year ago because the company didn't release any new products into the indirect sales channel. Despite the worse-than-expected loss, analyst Keith Bossey of Robert M. Cohen & Co. reiterated his "strong buy" recommendation on Novell, and said he sees the shares reaching 16 1/2 within the next year. Similarly, the investment bank Dayton Hancock Waltman issued a "strong buy" rating in new coverage on Friday. Novell has been struggling as businesses increasingly turn to Microsoft's Windows NT for their network software. The stock added 9/16 to 8 15/16.

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