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: Don Earl who wrote (19317)	12/31/1997 9:04:00 AM
From: dwight vickers	of 42771

Hi Don, (off topic) There will be an impact on earnings from Asia. How much or how soon is the debate. I don't pretend to know. The problem with earnings is expectations, They are likely too high. I heard Matt Stichnoth (The Capitalist's Companion) say on CNBC this AM that the "Street" is looking for higher earnings growth in '98 than we had in '97. He said that was "nuts", and I wholeheartedly agree. The Asian problem is bigger than earnings. It's structural. Don't lose track of it, even if "they" tell us it's been solved. Agreed on "herd" mentality. Everyone hated AT&T at $30, but they love it, and can't wait to upgrade it over $60. Consumer Confidence tends to peak with the market, so you won't get a warning there. This is a time of annual market strength, of course. The IPO calendar is empty, so little competition for the investment flows that tend to pick up at the end of the year. But I would regard the last two days of rally on low volume suspiciously. Dwight

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