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

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To: EPS who wrote (27058)5/27/1999 8:43:00 AM
From: Spartex   of 42771
 
What's nice to see is that Goldman Sachs raised their 1999 estimates for Novell, from their March, 1999 estimates of 50 cents. So it looks like we could see in the mid-50 cent range. That puts Novell at a very cheap current P/E of 43 right now, and P/E of 31 for next year assuming around 75 cents/share earnings! (Anyone have a good handle on P/E for "growing" software companies in the enterprise/internet area?) I think the street wants to see the caching profits, or at least the CPQ and DELL ads along with customers response before jumping on the Caching wagon.

nordby.com
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