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: Steve Fancy who wrote (15363)	8/7/1997 5:15:00 PM
From: Paul Fiondella	of 42771

It actually went up toward the close. I'm not sure whether we are going to see any profit taking on this last point of upward move. We will see tomorrow. I do not think we have seen all the run up to earnings yet. You have to figure that a lot of people didn't catch the significance of the Slitz announcement and will worry about missing the boat as they see the stock moving up. They will try to get in before the earnings. Given the wide range of predicted losses, there is plenty of room for a positive surprise with the expected loss. You have to figure also that Schmidt hasn't quite learned yet what this numbers game is all about. I think he still thinks there isn't much connection between the stock price and what they do at corporate. I guess he will learn or suffer. Hopefully he will look at Apple and look at the confidence vote the Street gave him on his selection of Slitz (which was brilliant)and realize that a few things he can do in the short term matter. Those are more good additions to the team or any change in the composition of the BOD that reinforces perceptions of Novell being a serious Internet player. I hope he also has some positive words about revenue and for product delivery timetables, but like Joe I'm not expecting that. The BOD is a long shot and they are a permanent drag on the potential of this stock. Its pathetic that only we seem to be able to grasp this. (Next year instead of a white paper we are going to need to hire a clown to go sit on Young's lap.) Some good words or actions will move the stock further and increase public confidence in a Novell "turnaround". As Joe said the longs here have some hard decisions to make as the stock moves up. In the past the stock moved down and put an end to the matter fairly quickly. (9 1/2 to 11 isn't impossible, its just a major move from where we were.)

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