Hi Leo. For those who know both of these threads (especially the NOVL thread <groan>), like I told Vanni ---- "I know the pain <s>, and these threads are like mirrors -- and like Rich Young says -- both of these companies are cut from the same cloth -- I believe it".
>> How bad does Novell want out of this dog? They still have 9,000,000 shares left after the 1,000,000 they're selling now. <<
Well Leo, besides Novell's inability to a) respond to market shifts, b) react to competitors, c) totally mismanage a once well-run monopoly, which when it was, "that" was a "no-brainer" to run, unlike now when "management" (read: a BOD) counts and can't deliver, and, d) a multitude of monmumental missteps ------ they can't even get a stock sale right <grin>. Sorta like the NOVL investors (mee too!) you know, buy high, sell low <G>. What a bunch of turkeys. They can't even get "their investments" right!
Here's some stats:
"NOVL's worth in Corel at time of WordPerfect transaction was $155 million. Today it is just under $48 million. A loss of over $100 million in less than a year. Oh well...whats $100 million to NOVL. I am sure as it is pennies to MSFT, the same must hold for NOVL...after all, it is a big, big company or at least thats what the chief tells
us."
They want out NOW because they are backed into a corner (just like Corel) ... and they are doing everything in their power to not chip into that 1B in reserve. I'm looking for "one more cooking the books" next month when Q4 gets announced, and then I'm out. I think the "ally" posture has been somewhat strained over the last few months.
Now, I don't want to take up the bandwidth for the Corel investors, but Novell's ahem... interest in Corel has an impact on "both" companies.
FWIW. I'm getting some final numbers for me anyway on a tax loss sale of the balance of my NOVL. I can't wait around any longer, and I wish all the best to the Corel investors also --- but I truly wish I could be more optimistic about the fate of this company also.
Regards,
Joe...
PS: Oh yeah -- for all you NASDAQ sneaks, and legal jerks looking to make a cheap buck --- ALL OF THE STUFF IN THIS POST IS MY OPINION ONLY --- AND FURTHERMORE YOU HAVEN'T THE SLIGHTEST IDEA WHO IS WRITING THIS ANYWAY!!! <GGG> |
