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: Paul Fiondella who wrote (31865)	5/23/2000 6:59:00 PM
From: Sir Francis Drake	Read Replies (1) of 42771

Thanks, Paul. I'm yet to listen to it, but from what you say it sounds like they are at least facing the issues head on. However, in view of all this, the question comes up - why buy the stock here instead of waiting until they show some execution. Of course, a heck of a lot has been already discounted at $9, but that doesn't mean that buyers will necessarily flock to it right this moment - there just doesn't seem much reason to - with the Naz correction, some tech companies that DON'T have the problems and baggage NOVL has will get cheap... and if those get real cheap, who is going to spring for NOVL, no matter how "cheap" - they'd rather pick up a cheap "real blue-chip". In short, I'm afraid that there is not much to look forward to price-wise. Of course, I'm sure anyone who bought around $9 will do well, provided they are patient and are thinking in terms of 12-18 months rather than "right now". Morgan

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