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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Joe Antol who wrote (5607)12/6/1996 1:18:00 AM
From: Steve Fancy   of 42771
 
If someone else picked up this discrepancy regarding the SEC filing,
sorry, I missed it.

From Paul's post 5358, Peter Troop claims no relation to takeover rumors:

>>First he explained that the SEC filing was a routine update of the
>>1988 SEC filing which had a ten year window and was not intended to
>>mean anything significant in relation to takeover rumors or have any
>>greater significance than be a routine update. Apparently the legal
>>folks didn't understand the implications of the timing of what they
>>were doing. His department wasn't even informed of the action by the
>>legal folks.

Obviously Peter was not the spokesperson for Novell in the following story.

===============================================================
News Alert from Reuters via Quote.com
Topic: Novell Inc
Quote.com News Item #1578994
Headline: Novell (NASDAQ:NOVL) adopts rights

Rumors have circulated for more than a year that the Orem,
Utah-based software giant might be the object of a takeover.

>>> The rights plan was adopted to deter tactics designed to
deprive the company and holders of an opportunity to control
the company's destiny, Novell said.
It said things it is concerned about include a two-tier
tender that does not treat all shareholders equally.<<<

The dividend gives a holder the right to buy one 1/000
share of Novell Series A junior participating preferred stock
for each outstanding share of common at an exercise price of
$65. The dividend is payable on Dec. 16.
The rights plan was written in 1988, but amended last week.
The company was unavailable to comment on the plan.
====================================================================

I believe Peter Troop responded to Joe and others, taking the same
position he did with Paul. I received the above "News Alert from Reuters" on November 25th.

Who do you believe, Novell, or Novell?

sf
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