Eric,
I was just thinking the same thing! Wouldn't Novell be in a bad spot if they publically released a comment that said they were not for sale, AND had Peter Troop call people back who brought up the SEC filing of the "poison pill"?!? I haven't the foggiest idea what the laws may be regarding this, and really don't care because I would never participate in a shareholder suit against a company unless it was blatently defrauding & deceiving investors. Since I was one of the people who got the call from Peter Troop, I'm very curious on this. Would they honestly go through all that trouble, and face possible action, instead of just ignoring those calls? Does Peter normally call back people?!
I would like to think that they are getting offers, and might except, but I just have a hard time wondering what their reasoning might be to
deny a takeover possibility to everyone, including shareholders, rather than not comment.
I am in Novell for a while more maybe even long term (depends a lot on the action of the company), I invested seeing a sure winner, and I still see it as a winner. It will probably take more time than I thought, and management surely needs to act with this sense of "urgency" to find a CEO, but I'm behind their products and their company. Their products are great, I've worked with them my whole career so far, and they are on the right track. Im not disappointed so far on my paper loss considering the true value of this stock is much higher, Im disappointed in their slow actions in finding a CEO, which is bringing up a lot of questions regarding the way the company is managed in the press and with investors... If they find a GOOD reputable CEO, and keep up on their earnings track, I will be satisfied overall, even if the stock price stayed the same. At Least I would know they have the investors in mind.
Tom |
