Hi Don, I like you're logic, and it makes some sense...but, you have to remember though that we are now on CEO number 3 (Frankenburg, Young, Schmidt), we appear to have passed up 3 buyout offers, we have stuffed the channel twice to artifically inflate numbers (both under Youngs direction IMO), and we now know thanks to Salah that revenues have been steadily decreasing.
Per recent posts, Novell's booth at trade shows has been empty, and sales were 90 million last quarter...pityfull. Border Manager although sounding like a winner product, will probably hardly scratch the lost netware revenues, let alone boost revenues.
Dr Schmidt's comment of Novell being an internet leader one year from his start date...c'mon, not at this rate. NOTHING happens that fast with Novell, and typically after waiting eons, they disappoint. This trend has been consistent, and confirmed twice now by Dr Schmidt.
I used to be Novell's biggest fan, but like most of Novell's investors over the last 5 years or so, have been burned time and time again. There's something about the company though that keeps bringing me back. At some point something will happen, but short seems to be the only way to go now. This is the first time I have gone short on Novell though, and it'll probably go up on me.
I think it will float down to the low 8's over the course of the next week. Seems Novell never just tanks anymore, floats down on a parachute.
Good luck.
sf |
