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: Don Earl who wrote (17165)	9/12/1997 12:25:00 AM
From: Steve Fancy	of 42771

Hi Don, ya know, Elmo might have something. All this work on buildings is downright wierd. If I understand correctly, the groundbreaking today in San Jose was part 1, part 2 starts soon overhauling the Provo campus if I remember correctly. For an undisclosed amount. They claim that they are consolidating resources, yet they just laid off 18% of their workforce, and from what I understand have more space then they know what to do with. Why sink all this money into buildings? I understand they plan on leasing unused space, but it sounds more to me like their going into the rental business. What's wrong with this picture. It just is not a wise use of resources at this point in time, at least that I can see. What's crazier, they seem to feel no need to offer an explanation for their actions. I don't know about the 17th, but it's as good a time as any I guess. Or are they all just plan crazy, and I'm crazy too. sf

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