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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Gerald Herbel who wrote (5364)11/29/1996 12:36:00 PM
From: Paul Fiondella   of 42771
 
Why Novell employees should work hard for Novell

Dear Gerald,

If you work for Novell, the most compelling reason to work hard is that your work should bring you some personal satisfaction and financial reward. Hopefully at Novell you are working on something that you enjoy doing.

As a stockholder I benefit most when your good ideas get incorporated into good products and services.
Stockholders are not the enemies of employees. We are the people that motivate management to make the changes that make your job more secure. By the way some of Novell's largest stockholders are Civil Service pension plans.

As to buyouts. Sometimes they work to the advantage of employees (Lotus) and sometimes they don't, typically when management has run a company into the ground with a history of bad decisions and sells out at fire sale prices. I assure you that stockholders do not benefit in the later case. We have no golden parachutes.

Most companies have stock plans for their employees. These plans enable you to buy company stock usually at a discount and sometimes with company contributions. I don't know if Novell has such a plan but if it does I would join it if I were you.

Let me give you a personal example. My father worked 25 years for GM on an assembly line. Let me tell you that nobody gave a damn about his suggestions or his happiness as an employee. (Something I hope is the opposite case at Novell.) However he took the money that GM paid him, supported his family, and invested in the stock market. He retired, not on the pension, but on the investments that he made.

You should count your lucky stars that you live in a country where this is possible.
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