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: Patrice Gigahurtz who wrote (14698)	7/16/1997 1:11:00 PM
From: Jack L. Dlugach	of 42771

Hi Pat: Be careful of this one and don't ask me--I'm in at 11 and haven't had anything but a major gas attack ever since. Yes, I agree with your "carry-out techie" as I've heard that from many others too and the stock looks tempting when it falls under 7--all that cash and assets make it look very cheap. Still, it's very speculative at this point--many more knowledgeable investors think Novell has had its day and NT is running away with it. I don't think it's quite that bad--a lot depends on the new CEO and the restructurings--they'll result in another loss for the next quarter so I think that'll take the cash on hand down some more. BTW--I sold HWP at 61 just last Friday and it's 68 with a target of 80 and I also sold ITT at 62 and it's up another five to over 68 today and is splitting 3 for one--so much for my gut instincts and that's fair warning--I sold those and stayed long on NOVL. Maybe I'm a contrarian signal. :)

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