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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: zwolff who wrote (31923)5/24/2000 4:52:00 PM
From: zwolff  Read Replies (1) of 42771
 
Something to learn from 97-2000?

1. Novell said the sales shortfall affected boxed software sold through distributors and OEMs. Sales of the company's software via its multi-product license programs continue strong, officials said, reflecting strength in the large network enterprise market.

Nothing has changed.

2. Rick Sherlund, a partner with Goldman Sachs, New York, called the numbers "brutal." "It's not pretty," he said. "The Street anticipated that revenues would be in the $375
million plus range. But then again, we've seen worse."

Nothing has changed. Even revenue numbers are lower these days.

3.The news sent Novell shares reeling Wednesday, falling 1 29/32 to 7 1/8, a 21 percent drop, in early afternoon trading.

Nothing has changed not even the price of the shares.

4.We will make the changes necessary to better manage and control Novell's business, including setting appropriate levels for operating expenses and product inventories in the
distribution channel," he said. "I intend to make certain that Novell's resources and priorities are tuned to fully revitalize this company."

The promises are still the same.

5.Schmidt promised to strengthen Novell's business with new Internet products. "The product path we are on is replacing Novell's older business with an Internet future that I came to help create," he said.

Obviously Dr Schmidt likes this part of the job better than managing the business and he has done a good job changing the vision and the products of the company. Is NOVL a viable company? A growth story? Why is NOVL unable to extract value from its technologies and innovations?

What is next? A repricing of the options? More executives coming and going?
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