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: Joe Antol who wrote ()	2/27/1997 4:37:00 PM
From: Gerald M. Gualano	of 42771

Joe--All this is taking place while the stock market is still close to record highs. My concern has always been --what will happen when the market really corrects. At one point I believed the "value" in NOVL would mitigate a major decline. We now know that management has little ability to transfer "value" to the bottom line. The main emphasis of the conference call seemed to be the increase in sales of IntraNetware to major customers as well as the beginning of sales to smaller customers. Was this your interpretation of Merangi's comments? My concern is they sold IntraNetware to most customers who will buy and to the pipeline, and that there might not be much left to sell in this quarter. I also wonder about the healthy prognosis for small business sales when there doesn't appear to be any real concerted push in this direction. Would appreciate your thoughts as to whether sales in the next few quarters could even approach the first quarter and if you believe we really are in a downward death spiral. Also is there any hope for small business sales. I've always been concerned about a possible leveraged buy out at lower levels ($8?), although at this rate there might be no real value, other than the $1.1 billion in cash. I really appreciate the collective effort of this thread to get to the truth, and, as I've stated in a previous note, I've become emotionally involved in NOVL. I believe the only justice will be to oust those responsible for this mess (yes Scott Lemon-it is a mess!)-- and I will contribute at least $100 and possibly more to obtain JUSTICE. All we need is a strategy for follow-up action, and I have much more confidence in your ability to provide an aggressive follow-up, than in Marengi aggressively fighting MSFT. Regards P.S. To all of you who have sold NOVL, please remember your commitment to the CAUSE, and, provide either proxy votes (depending on record date) or advertising $$$$. Remember, this has been a painful experience and we cannot let those responsible for our losses, continue to prosper.

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