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: BJP1946 who wrote (18646)	11/24/1997 5:48:00 PM
From: Salah Mohamed	Read Replies (4) of 42771

Hi BJP1946....About Q4 Results >>By the way, I'm betting tomorrow's report will be just fine.<< If I understood correctly what you stated, this means that Novell will meet or exceed the consensus estimates for Q4. Here are the estimates we are talking about: --------------------------- quote.yahoo.com Consensus Estimates This Quarter (Oct 97) 0.00 --------------------------- There is no way that they will meet these estimates. They will lose money. Probably in 2-3 quarters, they will start making money. To be specific, here is my estimate for Q4: Revenues: 220M Total Expenses: 280M Income: 15M Loss before taxes: 220+15-280 = -45M Tax rate: 45% (not sure about this number, but this is what they used for Q3) Tax credit: 45x.45 = 20M Net loss: -45+20 = -25M Shares: 350M EPS: -25/350 = -$.07 I wouldn't be surprised if they come up with results worse than my expectations, they have done it consistently. Let's wait and see if the results will be closer to 0.0 or -.07. Sleep well since you are betting on it, I'm not. Regards Salah

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