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: Yaacov who wrote (10298)	3/27/1997 11:49:00 AM
From: Reginald Middleton	of 42771

The fact that the company has not grown does not disqualify it as a growth company, only as a good investment. It is a growth company in a growth industry (IT). how many other software companies are paying dividends with their cash instead of investing it? INTC can afford it, NOVL can't, itis on the verge of losing its bread and butter market and must use all of its resources proactively. EPS is truly a meaningless term and if the company really wants to get the respect ofthe powerful investors, it should concentrate on inceasing freee cash flow and share holder value. A stock buyback is not the wisest move, for it would consume cash while failing to increase the value of NOVL itself (just alter the meanings EPS numbers which have little bearing on a growth company) and NOVL's stock would not make for the strongest currency in an acquistion. For more on the EPS fallacy, read Subject 11974

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