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

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To: Janice Shell who wrote (9883)3/24/1997 7:25:00 AM
From: Janice Shell   of 42771
 
All--

Here's a longer version of the Novell/Oracle announcement:

Oracle , Novell form partnership

Reuters Story - March 23, 1997 16:51

DENVER, March 23 (Reuter) - Novell Inc and Oracle Corp will formally announce on Monday a strategic partnership that will make it easier and faster to conduct business on the Internet in a secure fashion, company officials said.

"We're trying to put technologies in place so businesses can conduct business across the Internet," said Gary Bloom, senior vice president of worldwide alliances and technologies division at Oracle.

Under the agreement, Novell will integrate Oracle's new Web Application Server 3.0 with Novell's IntranetWare, Web Server and Novell Directory Services.

The combination will make it easier for customers to use Sun Microsystems Inc's Java network computing applications.

Denise Gibson, senior vice president and general manager of the Internet Products Group at Novell said the combined product will provide security for business information. She noted that keeping data secure has been a major concern for businesses.

Last week, Novell and Netscape Communications Corp announced an agreement to deliver a broad range of Intranet solutions on current and future Novell platforms.

Last week Eric Schmidt, chief technology officer at Sun Microsystems and a prime architect of its Internet and Java language strategy, was appointed chairman chief executive officer at Novell.

Analysts said Schmidt should be able to help Novell formulate a vision to capitalize on the growing Internet market.

Novell has not gone after this market aggressively enough, analysts said.

Attendees at Novell's annual BrainShare conference in Salt Lake this week will get a sneak preview of the integrated product.

Oracle will also create a dedicated Novell Products Division that will oversee the technology integration. The division will also focus on joint sales, marketing, education and support activities with Novell.

Customer testing on the integrated product is expected in September. It will be commmercially available by the end of 1997, Bloom said.


Sounds interesting. Hope it does something for the stock today: the TVI chart is still looking absolutely lousy.

Janice
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