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: Bearded One who wrote (28347)	10/1/1999 8:10:00 PM
From: Paul Fiondella	Read Replies (2) of 42771

Let's think this one through "Reporting to Stone were vice presidents responsible for developer relations, corporate development and corporate partnerships. Stone led the creation of Novell Ventures, which is now managed by corporate development." When Stone came in they didn't know what companies to buy or even what internet strategy they could use to play off their enterprise base. Now Schmidt clearly has an internet strategy. Look at BTB and digitalme and you see the strategy. So the strategy is there and Stone's job was over on that front. Mission accomplished! Mission successful! As to partnerships, well Novell needs partnerships with banks, credit card companies, internet clearing houses, integrators of corporate and vendor ecommerce sites etc. etc. But this is beyond Stone. Who amongst the current senior management can present a convincing case to major companies to partner with Novell on internet technology? Only Schmidt. This is Schmidt's job and that of anyone with a big name they bring on board. Was it Stone's job? I doubt it. I do not see why a man can't simply finish his job and look for something more challenging to do. A job where he is a little closer to "the doers" in the company and is the CEO. Only a startup will let you do that, not a huge corporation like Novell with its careful corporate pecking order. There are two areas in which I agree with you. First yes it is true that Novell never thinks about the effect any of its corporate actions will have on its stock. This is an area Schmidt hasn't thought enough about. But he is going to New York next Tuesday to tell the Street exactly what Novell is doing with digitalme. Secondly Novell is in an execution stage of its growth cycle. They have to get the lead out and not squander their technical lead but they do not lack direction. Schmidt knows where he wants this company to go. I expect Schmidt will address the problem of execution. If you don't think they can execute, on digitalme, on ichain, on directory based network apps, then the best thing to do is sell the stock. I'm not selling. ============== Even in the worst possible scenario Novell gets bought out. I'm really surprised that noone is going after them right now. In fact its the weekend and I've known stranger things to happen over a weekend when it comes to hostile takeovers.

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