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 (19591)	1/14/1998 10:59:00 PM
From: dwight vickers	Read Replies (1) of 42771

I heard an independent technology consultant (Roxanne Googin) on CNBC this AM. She had an interesting take on the problems of some large tech firms today. ORCL was one she mentioned most frequently. She feels what is going on is the end stages of a secular bull market in tech, signaled by declining margins not made up by higher sales. The other facet is a slowdown in capital type spending on computer products as more of tech budgets are being spent on Y2K fixes. Not revolutionary thought, but she thinks it's not a short term problem, but long term. I have to admit that I have trouble coming up with a bullish case for margin/revenues, especially in PC's. Lots of competition, and lots of people with machines bought a year or two ago that aren't even paid for, and no need for a faster machine. The average family doesn't do what most on these boards do. PC's may be getting to where TV's were in the early 70's when everyone had bought their color set. Maybe a bad comparison, but my observation (as an adamant non-techie) is that we may be closer than anyone dare thinks to this being a pure commodity business. Dwight

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