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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Joe Antol who wrote (18926)12/4/1997 11:04:00 PM
From: Elmo Gregory   of 42771
 
Hi Joe and BP: I am alive and well (physically) and relaxing in Borrego Springs, CA for a couple of months. Thanks for asking.

I haven't posted anything for awhile because there was nothing I could contribute that hasn't already been said. However, I do check the posts occasionally to see if anything new has developed.

I have come to the realization that it is impossible to analyze Novell in any respect. There are several reasons why I believe this: a) Novell's management misleads the public and investors through misinformation or lack of information, b) Novell does not publish verifiable or decipherable financial data and this makes it impossible to estimate what sales were or will be, c) random events cancel out any positive news Novell may offer, d) and the Microsoft propaganda machine is unstoppable. But these things have been said by many before me in one form or another.

Yes, I guess fed up is probably a good description of how I feel about my experience with Novell. Yet I have discarded good judgment several times (when I could have sold and broke even) but held on anyway in hopes of making a respectable profit. So, here I sit on 12,000 shares hoping for yet another chance to cash out. Now I must wait for the next take-out rumor or anticipated positive earnings report to make my exit.

Regards,

Elmo
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