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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Don Earl who wrote (18723)11/26/1997 8:19:00 AM
From: vinod Khurana   of 42771
 
NOVL upon releasing its 4th quarter results mentioned a few large companies that have migrated to IntraNetWare 4.11. It is a shame for a company to have to advertise every Tom, Dick and Harry that has done the migration. I doubt any other Fortune 1000 company does anything close.

Do we see MSFT advertising each time one of its large clients migrates to NT ? Do we see Oracle, IBM etc...doing the same ? So what is it with NOVL ? We know they are trying to convince the world that NetWare is still alive and well. I suppose NOVL is doing its best...but I for one see a dismall future for the company.

NOVL would surely had made a lost had its income from investments come in about the same as last quarter. $19 million vs $10 million. What did they do differently? Invest it in the market on the day it tanked and sold the next ?

Income from operations was dissapointing.

NOVL continues to bleed under the blanket. I still propose to the Dr. to sell out whilst the time is good. I doubt it is going to get much better.

And yes, where are the savings from those layoffs ? 1000 people of the payroll and we should be looking at savings of at least $40 million U.S per year. That translates to $10 million every quarter.

The company is in deeper sh*t than it is revealing.

V.K
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