Novell (NOVL) dirt cheap, GOODBYE!! Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, GOODBYE!!

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To: Eddie Kim who wrote (8)	8/23/1997 12:12:00 PM
From: Eddie Kim	of 33

Novell: A ripe plum for IBM? www8.zdnet.com Novell the day after: It's a rough road ahead www8.zdnet.com From DBC (http://www.dbc.com): Novell gains on 'strong buy' rating Novell shares gained 3.1 percent Friday even after reporting that a 75 percent drop in fiscal third-quarter sales left earnings below Wall Street expectations. Novell posted a loss of 25 cents, excluding a 10-cent charge. Analysts expected a loss of 10-15 cents, according to estimates from First Call and Zacks Investment Research. Sales fell to $90 million from $365 million a year ago. One reason for the stock's rise might be a "strong buy" rating in new coverage from Dayton Hancock Waltman. The stock closed up 1/4 at 8 3/8 on a day most tech shares fell. Novell has been struggling as businesses increasingly turn to Microsoft's Windows NT for their network software. -Eddie

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