Novell a great buy at these prices? Earnings will be up? Message Board

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Technology Stocks : Novell a great buy at these prices? Earnings will be up?

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To: j g cordes who wrote (25)	9/16/1996 10:02:00 PM
From: Scott Phillips	of 46

Jim, I also feel the way you do, with the rest of the market burrowing foward to new highs, Novell has indeed languished. The dow was more or less a flight to good quality blue chips, however the NASD is an earnings driven market lately. I fell Novell will remain in limbo 10-12 dollar range untill they can improve earnings, or a least get them started again. Hopefully Green River and Groupwise will do this for Novell, I feel it will and have made my bets accordingly. If novell can post some good numbers analysists will almost have to recalculat there figures upward on Novell. The stock is at 10 because that is really the appropriat price based on a still high PE of 29-30. This was due in large part to the invetory and channel flushing that resulted in the loss. I fell Novell did a great job in only taking one quarter to begin posting positive numbers, I was worried this might take a few quarters which Novell didn't have. If this quarter is good it could be the first step up. Then q1 97 will start reflecting the Green River Upgrades and if there up to expectations the stock should be fine. Lot of ifs though.

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