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: BP Ritchie who wrote (19106)	12/15/1997 12:52:00 PM
From: dwight vickers	of 42771

BP, Agree with everything Paul has to say about the Asian problem, but want to make a couple of other comments. The "officials", if they ever have a clue, are the last people to provide any serious analysis of crisis situations. Every collapse in history has happened amid a chorus of "things will be fine". The money being used in Korea and SE Asia is assets that would be better spent elsewhere by the world economic community. The fact that it will not be better spent is also contractionary for the world economy. There is also the China danger. Their economy is slowing. While still growing they are unlikely to settle for slow growth when their goal is to take their place among the upper echelons of economic powers. That means if they find themselves becoming uncompetitive tradewise, they will also devalue. Where does that end? We are fast becoming uncompetitve ourselves with a new breakout against the Yen this AM. There are a whole Imelda's closet full of shoes yet to be dropped, in my estimation. Dwight

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