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: kilo_watt who wrote (31890)	5/24/2000 6:48:00 AM
From: zwolff	Read Replies (1) of 42771

'm still here. I'm wondering when someone's going to say something that hasn't been said a thousand times before. Or ask an answerable question. I'm up for those. Please explain the method NOVL used to manage to spend 500 million dollars buying 20 million shares of its own stock at an average price of 25 (during the last quarter the average price was more than 30 dollars). Message 13761914 Please tell me that some rational method was used and explain the method. Please tell me that after looking after this hard earned money for so long the shareholder's money was not burned. Please tell me that NOVL will continue it's buy back program now that it can buy its own shares @9 rather than 30. A surreal explanation: maybe the method NOVL used for the buyback was that every time some employee wanted to sell their options at whatever price the stock was at the time they went ahead and bought them out. Please tell me it is not so.

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