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

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To: Joe Antol who wrote (3)8/24/1997 11:19:00 AM
From: E_K_S   of 33
 
Hi Eddie & Joe - It look's as though CEO Schmidt has changed his time frame for growing revenues.....

zdnet.com

Novell loss worse than expected
August 22, 1997
By Lisa Bowman
Copyright (c) 1997 - ZDNet - All Rights Reserved

"...Schmidt said he expected the company to return to a market-leading position by next summer..."

I thought his target was April 1998 and now it appears he has moved it to the summer???? Could it be that after such a lousy quarter he feels that he must add a few more months to his original target date (another three months)....what's next?

Better hope that a buy out occurs or it will be a painfull death spiral (like WANG).

EKS (Still long on 1/2 of my position but looking for an exit point....sooner than latter!)
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