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: neko who wrote (871)	5/30/1996 8:05:00 AM
From: Grant R. Cynor	of 42771

Neko, the loss was actually .19 when you back out the gain on Word Perfect apps sale. By my calculations the 225million inventory reduction amounted to a one-time (hopefully) .33 cent per share hit. Therefore, normal earnings would have been around .14. It looks like the expense reductions may already be partially reflected in the .14 number. I'm having a hard time figuring how they can make over .60 to .70 cents a year. If people crunching the numbers come to the same conclusions, I agree the stock could go to 11. Hopefully, Green River and the Nest stuff will help. PS, how do you know that NOVL bought 4mill shares?

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