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

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To: Joe Antol who wrote (17179)9/12/1997 12:13:00 PM
From: Elmo Gregory   of 42771
 
Hi Joe - Here's one reference to the $300 million facility.

Without a break-down of the $300 million, the number by itself is not very meaningful. For example, the real estate may be included as well as the build-out costs over time. So, just the looking at the $300 million in a vacuum can be very misleading.

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Published: 07/13/97
Page: E1
Keywords: Computers, UT, Businesses
Novell May Consolidate Work Sites; Novell Mulls Combining of Work Sites
Byline: BY LISA CARRICABURU THE SALT LAKE TRIBUNE

"...Novell already has announced plans to consolidate about 1,000 San Jose, Calif., workers in a new $300 million facility it will build on a 48-acre site it owns near the San Jose airport.

The company's California work force currently is housed in leased facilities in a cramped San Jose industrial park. The new complex will include nine buildings capable of housing up to 4,000 employees.

Schmidt said the first phase of the facility will be completed by the end of next year.

He emphasized Novell's intention to retain sites in Utah and California.
``We're committed to both states,'' Schmidt said. ``That has not changed.''
..."

archive1.sltrib.com{t31569}/hit_headings/pageitems={body}?
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Regards

Elmo
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