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

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To: E_K_S who wrote (18531)11/17/1997 11:59:00 AM
From: E_K_S  Read Replies (2) of 42771
 
From Briefing.com.(11:00 -- 12:00 ET)(Updated throughout the hour)******...Novell Inc. (NOVL) 8 5/8 +1/2: developer of networking software receives positive mention in this week's Barron's;
believes company making the right moves, while it has no long-term debt and $3 a share in cash.....

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Good volume but IMO not enough to break the $9-$10 trading range. Look for the stock to move back to the low $8 range and perhaps test the recent lows if earnings fall below estimates.

Option activity for November low too.

EKS

News from COMDEX: Monday November 17, 8:07 am Eastern Time

Company Press Release

SOURCE: Novell, Inc.

Novell Delivers Scalable, Cross-Platform Networking Power For
250,000-User COMDEX Messaging Network

'The COMDEX IntraNet - Novell Connecting Points' and Eric Schmidt Keynote Highlight Novell's Momentum Toward Internet and Intranet Leadership

biz.yahoo.com
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