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

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To: E_K_S who wrote (14629)7/15/1997 8:06:00 PM
From: Joe Antol   of 42771
 
This one's for you Eric Strohmeyer <s>. Lisa's my friend. She speaks truth.

=====================================================================
July 15, 1997 6:15 PM ET
Novell's Internet strategist
steps down
By Lisa Wirthman


Novell Inc.'s senior vice president of Internet Strategies
is leaving the networking company, officials confirmed
today.

Vic Langford resigned from Novell as of the end of last
month to "pursue other interests," said a company
spokesman.

Langford's responsibilities have been divided among
three Novell executives, said the spokesman. David
Bradford, vice counsel for the company, will handle
business development and partnership issues. Denice
Gibson, vice president of Engineering, will take over
directory and product development matters. And CEO
Eric Schmidt will assume Langford's role as Internet
strategist for the company.

Langford is one of many high-ranking executives who
have either left or are rumored to be leaving Novell after
Schmidt implemented cutbacks across the board in
June.

Former president Joe Marengi resigned from Novell
last month, while Chief Financial Officer Jim Tolonen is
rumored to be leaving the company as well.

Sources said that both Marengi and Tolonen had to
account to Schmidt after Novell reported
worse-than-expected second-quarter earnings last
spring and announced that third-quarter earnings are
likely to drop as well.

A Novell spokesman said Tolonen is still employed by
the company and refused to comment on rumors that
he may be leaving. Tolonen was not available for
comment.

Sources close to the company, however, said
Tolonen's departure is imminent.

Novell, of Orem, Utah, can be reached at
www.novell.com.
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