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: Charles P. Hubbard who wrote (27796)	8/20/1999 11:51:00 PM
From: Jack Whitley	Read Replies (1) of 42771

<<Even the most optimistic analysts are only calling for a 40% increase next year, and in my opinion, the history of the company does not warrant that. Their recent return to profitability is in their favor, and their products are OK, but the stock is just plain overvalued in my opinion.>> But you also have to factor in gross and net margins. Software is not the food industry or retail. If Novell keeps everything going in the same direction, they are leveraging themselves to become a profit-generating machine. Also, I think it is fairly obvious that Novell is right now using every opportunity to really tune the operation and slough off problems while analysts expectations are relatively low. Including changing to more conservative inventory accounting methods and getting rid of SCO, Corel, etc. I am more than satisfied, especially in light of the fact that some had called for THIS quarter to be a tough quarter due to Y2K lockdown,etc. jww

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