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: Spartex who wrote (21022)	3/12/1998 10:51:00 PM
From: Don Earl	of 42771

Hi Quad-K, Firing the CFO a week after he's named as a defendant in a class action suit for allegedly doctoring the books is NOT good news no matter what anyone at IR says. If his performance was good, with 15 years of experience he would be the last person in the company they would want to replace. If his fleece were white as snow, the only sensible tactical move would be to keep him on at least long enough for memory of the suit to fade. As a hypothetical exercise let's pretend you are the CEO of a large company. Your CFO wants to take a long "vacation" and you're actively looking for a replacement. You find someone you think might be a good replacement but a week or so before you plan to hire him he's named as a defendant in a law suit for cooking the company books. What do you do? a) Go ahead with plans with the near certainty that it will appear as an admission of guilt. b) Delay any changes for 1-2 quarters until things settle down and your new products are on the market. Q. How can you tell if an IR rep for any publicly held company is lying? A. You can see their lips moving. Regards, Don

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