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: Joe Antol who wrote (3089)	8/31/1996 7:08:00 AM
From: Jean Sutherland	of 42771

Go to bed Jack <G>. I think I will hire myself out to them as a webmaster. I mean I didn't know Novell's market cap was 73B either, <chuckle>. Can anyone explain why the company bought 37 million shares at approximately $14.00 per share? Now lets multiply that by approximately a $3.00 per share loss. Why would they do this when they had to know earning were going to be bad and the price of the stock would be down. It's hard to believe they are that stupid, or is there something I am missing here. Jean (who got up too early, and should go back to bed ) :))

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