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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Joe Antol who wrote (9819)3/22/1997 12:52:00 PM
From: Rich Young   of 42771
 
The only explanation I can think of for this "sudden" rash of alignments and announcements goes back to the Q1 conference call where they mentioned that management had just signed off on a strategic plan and would begin implementing immediately. I think these things were all in the works for the last six months, just on hold until the credibility arrived (aka Dr. Schmidt). I don't want to break my arm patting myself on the back, but this port of Netscape server products to NetWare is exactly the kind of thing I was hoping for (posted a couple of months ago).

What concerns me about Novonyx is this:

"In a conference call with analysts and reporters, Netscape CEO Jim Barksdale said the ownership structure will be unveiled after government approval and it will include ownership by executives at Novonyx, Novell and Netscape."

To me, this means they're putting in their own money, but forming the company from some of the best assets of both companies. Essentially they're splitting off small but significant chunks of both companies to form a new company. There damn well better be some compensation or, better yet, equity stake or revenue flow back to Novell if they're going to steal programmers. It's starting to feel like the shareholders are getting felt up & about to be screwed.

My .02 for now.

Rich
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