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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dzzhang who wrote (16620)8/27/1997 4:17:00 PM
From: john dodson   of 42771
 
Very interesting interview. Sounds like Mr. Schmidt is very serious about turning NOVL around. Ya know what? I bet that he at least convinces Wall Street with this one. He did say something here that
_really_ impressed me:

YOUNG: What do you say to yourself when you have to lay off 18 percent?

SCHMIDT: It was certainly difficult. The more important point was 46 percent of our vice presidents either left or were fired, 29 percent of our directors and 18 percent of our employees. So, we really did clean house. In my view, that was the correct answer. We had too many people doing the wrong things. We're a much, much more focused organization.

That is EXACTLY what NOVL needed -- axe the vice presidents, directors and managers. Question is, was it too late?

Good Trading,

John Dodson
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