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

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To: Joe Antol who wrote (798)5/27/1996 3:40:00 PM
From: E_K_S   of 42771
 
Joe: Food for thought...45% of the analysts are wrong on their estimates as they are too low. 55% of analysts are too high. An earnings surpise is any report that is 5% higher from the mean estimate.

As far as the group which I hold most respect is First Boston...least respect (toss up)(1) Rick Witington(?) the semi analyst ...he at one time had Micron Technology earning $17.50/share in 1997!!! or (2) Wheat First...an inside joke for me and several of my partners..He was down grading Newbridge Networks while we were buying all the way down to $25 last year. Good thing I stuck to my own analysis of value and potential for strong earning growth....NN hit a new multi year high at $74 last week and has far exceeded my initial target of $60.00!

I hope Novell will see such lofty hights this time next year BUT I will be happy with $30.00!

EKS
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