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

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To: Roger Mariner who wrote (29224)12/6/1999 3:43:00 PM
From: Spartex   of 42771
 
<<Chairman Young wouldn't let SUNW buy NOVL, and LU has
bigger fish to fry>>

Respectfully, your facts are a bit dated. Dr. Eric Schmidt has been at the "Chairman" level of Novell since April 7, 1997. This is a "different" Novell if you haven't noticed.... =;-) IMHO its a bit dangerous to extrapolate Novell's future from a pre-Schmidt past.

Dr. Eric Schmidt Appointed Chairman of the Board and Chief Executive Officer of Novell, Inc.

The Internet Pioneer and Chief Technology Officer of Sun Microsystems Describes the Move as "the Opportunity of a Lifetime."

Provo, UT -- March 18, 1997 -- Novell, Inc. and Sun Microsystems, Inc. today announced that Dr. Eric Schmidt will join Novell on April 7, 1997 as chairman of the board and chief executive officer.

Widely recognized as an Internet pioneer and instrumental in the widespread acceptance of Java? technology (the platform independent programming language that Sun developed), Dr. Schmidt brings to Novell 20 years of leadership in software and systems research, marketing and business management.

"We are grateful for the many contributions Eric has made to Sun's success," said Scott McNealy, chairman, president and chief executive officer, Sun Microsystems. "He is an awesome technologist, committed to advancing network computing. We wish him every success in his new position."

Novell chairman John Young will become vice chairman of the company with this announcement. He commented, "Clearly, having an executive of Eric Schmidt's stature and business experience as the Novell CEO will contribute significantly to the next chapter of growth for the company. More importantly, as a recognized leader in the move to network computing, Eric shares Novell's view -- and the view of thousands of enterprises -- that the future of networks relies on the value of open standards and software that enable people to securely share information and conduct business on the Internet."

novell.com
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