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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Loring who wrote (25402)2/11/1999 3:53:00 PM
From: Villemure  Read Replies (1) of 42771
 
This isn't quite right. NDS is an integrated component of NetWare 4x and NetWare 5 and also available as two separate infrastructure products (NDS for NT, and NDS for Solaris).

NDS in itself was not a large percentage of Novell revenue in 1998, although NDS-enabled platforms and applications contributed to Novell's growth. NDS for NT started shipping in the last quarter, and NDS for Solaris was not shipping in 1998.

Novell's 1998 revenue was

Server platforms: $626 million or 58 %. This included a surge in directory-enabled NetWare 4 and 5 and a decline in NetWare 3. This was up from $613 million in 1997.

Directory-enabled applications and infrastructure: $292 million or 27 %. This includes NDS for NT but also products designed to work with NDS like GroupWise, ManageWise, BorderManager, NetWare for SAA, and ZENworks. This category was up from $233 million in 1997. Raney hinted at new products in this segment to ship later this year.

Service, support, education, other. $166 million or 15 %. This includes the growing consulting business and the huge worldwide effort of certifying CNEs, etc., plus technical support, royalties related to sold-off products.

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