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: Sir Francis Drake who wrote (31760)	5/20/2000 12:09:00 AM
From: ToySoldier	Read Replies (3) of 42771

Drake, I was just reading all the negative posts sequentially over this evening from Captain and I was building up a response on why anyone would think NOVL was going much lower. Then your post came along and I have to say, I COULDN'T HAVE SAID IT ANY BETTER. NOVL is not a bankrupted company. NOVL is a company in transition to the e-Business economy. Even in the worst case, Novell technology has huge capital value to many others in the industry. They have no debt and approx. $1Billion in cash. They still have a loyal following of many fortune 500 companies that will not make rash decisions to leave a suite of technologies that have served them fine. NOVL has made a big revenue projection mistake AND I still believe were the recipients of a flukey alignment of factors that hit their Q sales. YES, Novell desperately needs to correct their lack of marketing aggression and creativity. I do believe there still is too much conservatism in many areas of Novell (I have seen it there for years), BUT, this company has fallen victim to a severe over-reaction to the recent news. I am very convinced that this stock will rebound to some extent within the next 6 months. I also have confidence that Novell has the right technologies and their organization has learned a lot from this major stock plunge to position them to get them over the fence to their new business focus of Internet, e-Business, and ASP markets. I will repeat Drakes statement: NOVL at this price is CHEAP! Anyone who tells you otherwise is either a bitter Long, a stupid Short, or just a trend sucker. I think NOVL is one of those classic examples of "Buy when the situation looks its worst" investment success tactics. At least these are my humble opinions. Thanks Drake! You took the words out of my mouth. You and I have had our heated debates, but I have always respected your posts for intellectual thought. Cheers! Toy

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