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: Salah Mohamed who wrote (10483)	3/31/1997 6:29:00 AM
From: jlib	of 42771

WSJ: "Wang Gave CEO $8 Million For Rejecting Novell's Offer" On page B6 of Marketplace section of 3/31/97 Wall Street Journal. Also at interactive6.wsj.com (online subscribers only) By WILLIAM M. BULKELEY Staff Reporter of THE WALL STREET JOURNAL BILLERICA, Mass. -- Wang Laboratories Inc. Chairman and Chief Executive Officer Joseph M. Tucci rejected an offer to head up struggling Novell Inc. -- and got an $8 million cash-and-stock bonus to stay at Wang. Wang directors say that Novell's offer to Mr. Tucci prompted them to rewrite his contract and give him a $4 million "retention bonus," which is conditioned on his remaining through March 1998. [...] Best, Jimmy Liberato

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