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

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To: Joe Antol who wrote (16340)8/26/1997 12:09:00 PM
From: E_K_S   of 42771
 
Joe - Still waiting to see how this all plays out but I have my trigger finger ready. My fundamental value hat tells me to pull the trigger at these levels and buy back latter at lower prices BUT my gut says to wait.

EKS (Watching closely....but no action yet)

Shares of NOVELL (10-1/8, up 1-1/8 @ 10:25am EDT) in heavy trading
on speculation the company might be the target of a takeover attempt, traders said. "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. IBM was being circulated as a likely buyer of Novell, he said. Neither company would comment on the rumor. (Reuters 10:04 AM ET 08/26/97)
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