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: vinod Khurana who wrote (16321)	8/26/1997 10:45:00 AM
From: vinod Khurana	of 42771

Yahoo :Novell jumps in heavy trade, takeover rumors cited NEW YORK, Aug 26 (Reuter) - Shares of Novell Inc (NOVL) jumped in heavy trading on speculation the company might be the target of a takeover attempt, traders said. Novell shares were up 15/16 to 9-15/16 and were the most active stock on Nasdaq, with nearly nine million shares already traded. ``This rumor is driving up the stock but I can't say if there's anything substantial behind the rumor,'' said one trader. He said with the stock at such a cheap price, many investors were willing to take a chance and buy shares based on the speculation alone. International Business Machines Corp (IBM) was being circulated as a likely buyer of Novell, he said. Novell was not immediately available for comment. IBM said its policy was not to comment on rumors or speculation. Its stock was down 1-3/8 to 103-1/2 in early trading.

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