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: Matthew Leo who wrote (11550)	4/23/1997 3:36:00 PM
From: Janice Shell	of 42771

Matt-- Well, I'd say the "obligatory trashing"--or "thrashing"--makes sense. This is a serious revenue shortfall that will result in earnings coming in at least five or six cents under estimate, and perhaps more. If NOVL hadn't recently appointed a new CEO, the stock would probably be trading at about five bucks right now. And if the new CEO doesn't make some major changes FAST, that's where it'll be in a month or so. Outrageous that Marengi could have said not long ago that he was "comfortable" with FY estimates, and with estimates for this quarter. The message here is that he didn't know what was going on, as he apparently didn't last quarter. What's the reason for this? Certainly there's no excuse. This company has managerial problems even more serious than they appeared to be a few months back. Poor Schmidt is now stuck with trying to fix things. I wish him luck. Trading in the stock continues to be rather odd. It'll be interesting to see what today's tick/volume chart has to say. It should be fairly accurate, as--with the tiny spread that's held pretty much all day--there won't have been many transactions that went off between bid and ask. Janice

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