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: TTOSBT who wrote (21101)	3/14/1998 12:37:00 PM
From: E_K_S	of 42771

Hi TTOSBT - You may be right but I first suggest you read Mr. Buffet's 1997 annual letter to shareholders. Pay particular attention to his views on how important the management is for all the companies he invests in. There were two main points I got from his shareholder's letter: (1) on balance large company mergers are usually not profitable especially when paid for with company stock (his best buys have been obtained using cash) and (2) Once an excellent management team is in place let them manage and build the company. If successful, over time growth and earnings will eventually be reflected in the stock price. He sites his error with US Air. Only until he and his partner resigned from the BOD did the company show a stellar performance in earnings and price (now at $73..he purchased his position when the price was around $4/share!). berkshirehathaway.com Now, the question this investor must answer is... Does Novell have a management (and BOD) Mr. Buffet would find acceptable? The short answer.. (IMO) Not Yet! EKS

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