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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: tman who wrote (14194)6/26/1997 10:00:00 PM
From: Elmo Gregory   of 42771
 
tman: Some information on Novell's real estate holdings can be found in their 10-K filed with the SEC.

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ITEM 2. PROPERTIES

The Company owns and occupies a 1,000,000 square-foot office complex on 99 acres in Orem, Utah, which is used as a product development center. It also owns and occupies a 550,000 square-foot office complex on 46 acres in Provo, Utah, which is used as corporate headquarters and a product development center. It also owns a 380,000 square-foot manufacturing and distribution facility on 23 acres in Lindon, Utah, all of which is leased to a third party manufacturer. The Company also owns a 100,000 square-foot office building in Herndon, Virginia. The Company occupies approximately 1/3 of the space in this building and leases the remainder to tenants. The Company also owns two buildings, totaling 87,000 square feet in San Jose, California, which it had previously leased. They are used primarily for product development. The Company also has an Irish subsidiary which owns a 72,000 square foot office building in the United Kingdom and leases the building to the Company's United Kingdom subsidiary. Additionally, the Company owns approximately 48 acres of undeveloped land in San Jose, California and has capacity to expand on its land in Orem and Provo, Utah.
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sec.gov

Elmo
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