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 (28421)	10/4/1999 7:58:00 PM
From: Paul Fiondella	Read Replies (1) of 42771

The Conference call shows Schmidt still doesn't get it. This was obviously hastily put together by Morgan Stanley to reassure the Street. That was the first message Schmidt didn't get. REASSURE THE STREET. As a result his answers were well off the mark --- professorial, with enough "if, ands,and buts" for anyone looking for what drove the stock down to find a possible answer or cause. There were no straight answers to anything. Everything was qualified and couched in hesitation, the opposite of being explicit. In the circumstances of a major decline in the price of your stock that is enough to cause further attacks and it did. People read into the tentativeness that possibly this company isn't going to make it on some aspect of its strategy. They were asking are you going to miss your numbers, is the departure of these senior managers critical to your relationships with your major clients, is Y2K going to critically impact Novell in terms of orders drying up, what is the impact of WIn2000 on NDS? In each instance the answers were too f%$#king complicated. The only time somebody got the message straight is when the CFO said Novell would match its recent two quarters 20% revenue growth and track higher in future quarters. The analysts certainly didn't want to hear how having too many managers who haven't been through an internet revolution is costing the company time!!! Don't we know it Eric. Similarly Schmidt was totally unconvincing on the issue of loss of senior employees. They were asking him who are the people with vision and are they still on board? What we got back wasn't any praise for a list of people who have the vision, have executed and remain on board but some dwaddle about Novell being statistically ahead of other companies in retaining employees! So is the City of New York and you should see some of them Eric! The answer to will companies that have committed to Win2000 buy NDS for WIn2000 wasn't that Novell has successfully demoed the product. It was that Novell has successfully demoed the product to its key customers and they want the product. What is the matter with Eric Schmidt that he cannot give a straight answer to Wall Street's questions? This was not a good enough performance. It didn't reassure the people who foolishly dumped their shares today. It didn't quell the rumors. They will need to go over this conference call more carefully and prepare some straight simple answers that the Street can understand. Frankly I demand it as a shareholder. I didn't hesitate to call Schmidt this afternoon and demand it. And frankly I urge you to call Schmidt and demand it too.

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