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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Don Earl who wrote (20643)3/4/1998 8:29:00 PM
From: Paul Fiondella   of 42771
 
Don, this particular move by NOVL is going to teach us something

You and I know that there is no fundamentals in support of this move. The company has two quarters of flat earnings before Netware 5.0 comes into the picture. The existing products as I listened to the conference call are only capable of influencing earnings marginally.

So there are only two possibilities. One, the one I subscribe to, is that we are seeing a bull market momentum play on NOVL. The question would be how many points is it good for and when does one get out. Two, there is some growth in revenues that we did not suspect that has shown up in February and somebody knows about it. Well I've seen nothing anywhere along those lines. the most i hear is the turnaround based on first profit nonsense.

SO I would say study those charts.
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