Novell (NOVL) dirt cheap, good buy? Message Board

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

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To: Paul Fiondella who wrote (6273)	12/27/1996 6:49:00 PM
From: E_K_S	of 42771

Excellent question...."I do not understand why a company with a billion dollars in cash and well over 300 million shares of stock outstanding does not have a continuing stock buy back plan with the objective of significantly reducing outstanding shares, stabilizing the share value, enhancing earnings per share and thus stockholder returns on investment". I am waiting a reply from Mr. Troop and Novell. The best thing that Novell can do is to aggressively buy back shares at these levels and let the market know that they plan to do this as long as the stock is valued at the current price. I believe Joe had some explaination why they can not continue this program but I was not convinced of his explaination. A target of 30 million more shares in the buy back would be an excellent use of the free flow cash flow funds. If we do not get a good explaination from Mr. Troop, I would like this brought up to the board and to a vote to shreholders! This is money in the bank for Novell and for shareholders....think of it as a dividend to shareholders. I have not heard any good argument why this should not be done at these levels. Please post any response you get from Novell (via Mr. Troop). EKS

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