SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Novell (NOVL) dirt cheap, good buy?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dave Gahm who wrote (36500)5/10/2001 1:31:34 AM
From: Elmo Gregory  Read Replies (2) of 42771
 
Dave - I agree that strong quarter-to-quarter earnings will do wonders for NOVL; however, just when that will happen is the question. For example, how will the losses, mentioned in the following referenced filing, affect the EPS for Q3 or Q4?

Will these losses show up in Novell's reported EPS for the next several quarters?

CONFORMED SUBMISSION TYPE: S-4
PUBLIC DOCUMENT COUNT: 6
FILED AS OF DATE: 20010420
---cut---
Some of the combined company's venture capital fund investments have become
impaired. Additional venture capital fund investments could become impaired.

Novell's investment portfolio includes investments made for strategic
business purposes, such as investments through the Novell Venture Fund. Novell
Venture Fund investments are generally in small capitalization stocks in the
high-technology industry sector and funds managed by venture capitalists.
Similarly, Cambridge has also invested in private companies in the high-
technology industry. Many of these investments by Novell and Cambridge might
become other than temporarily impaired. As of March 31, 2001, unrealized losses
on Novell's public equity securities totaled approximately $125 million, which
pertained primarily to investments in Caldera ($3 million), Entrust ($10
million), externally managed funds ($10 million), and marchFIRST ($102
million). The combined company will have to record impairment losses under
generally accepted accounting principles for other than temporarily impaired
investments.
---cut---
sec.gov

Regards,
Elmo
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News