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

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To: Joe Antol who wrote (16569)8/27/1997 12:24:00 PM
From: Eddie Kim   of 42771
 
Novell (NASDAQ:NOVL) CEO says company not for sale

Reuters, Wednesday, August 27, 1997 at 10:26

NEW YORK, Aug 27 (Reuter) - Novell Inc Chairman and Chief
Executive Eric Schmidt said on Wednesday the company "is not
for sale" but refused further comment on rumors of a possible
merger with International Business Machines Corp (NYSE:IBM).
"First of all, the company is not for sale," Schmidt said,
adding, "I am not allowed to comment on any of these kinds of
rumors." Schmidt made the remarks at the Java Internet Business Expo here.
Novell was trading at 9-5/16, down 21/32 from the open, and
was the most activly traded Nasdaq issue this morning.

Copyright 1997, Reuters News Service
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