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: scott blomquist who wrote ()	5/23/2000 6:36:00 PM
From: zwolff	Read Replies (2) of 42771

During the quarter, the company spent $212 million to repurchase 6.9 million shares of Novell common stock. Over the last three fiscal quarters, the company spent a total of $500 million to purchase and retire approximately 20 million shares of common stock. I think that we deserve an explanation on how do they end up paying these prices! They have paid an average price of 25 dollars a share to buy 20 million shares! Now this is our money!!! During the quarter they bought 6.9 million shares @ 210 million that is more than 30 dollars a share!!! I am not sure how they actually managed to do this. Do they buy the shares directly from the managers??????????????????? I THINK WE DESERVE AN EXPLANATION!

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