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: vinod Khurana who wrote (18199)	10/29/1997 3:05:00 PM
From: vinod Khurana	Read Replies (3) of 42771

<<We have high revenue goals [for BorderManager] and we are exceeding that," Schmidt said.>> If this is a true statement, then he should have disclosed their targat sales. I wonder if it is $200 - $300 million or am I reading him wrong ? Shareholders should get ready to file a class action lawsuit if next quarters earnings come in below expectations. For a CEO to mislead the investment community is a crime in itself and I hope his legal council has explained that to him before he blurbs any further. Schmidt is getting ready to cook the numbers. Is ther anyone out there who has access to sales data regarding BorderManager ? One fortune company I know of has not even looked at the evaluation copy and they have over 300 NW servers. Something is missing and only the Dr. knows. Fundamentally, I would not go long this stock. On a technical basis, I am accumulating the options with strike prices of 7 1/2. A rally to the $9 1/2 - $10 is coming before November expiry (pending another major stock market correction of course...$7 1/2 is the support level). V.K

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