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

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To: Paul Fiondella who wrote (4172)10/17/1996 11:14:00 PM
From: Steve Fancy   of 42771
 
Alright Joe and Paul, here's mine, hope I didn't go overboard.

Date: Thu, 17 Oct 1996 22:46:30 -0700
From: Steve Fancy <smfmlf@centuryinter.net>
Reply-To: mail.pc.centuryinter.net
To: jfree@ix.netcom.com
CC: joe_marengi@novell.com, peter_troop@novell.com

Gentleman,

As a follow up to the email from Joe Antol, I would like some answers also. I sold and installed Novell products for ten years, and have always believed in your products. I still do. After leaving the company I had worked for, I invested heavily in the Novell I believed so strongly in.

What is going on over there? The marketing efforts from the new
Novell seem extremely weak, and as Joe pointed out, many significant
press releases from your organization are non-existant. Why is there no news regarding initial sales of IntraNetware? Microsoft was blowing smoke all over after initially releasing NT in July. Are sales that bad?

Hell, the most significant news since IntraNetware, the NDS agreement with IBM, Caldera and Oracle wasn't even acknowledged in any Novell press release that I'm aware of. This situation is UNEXPLAINABLE.

What about news on the CEO search? How in the HELL did Novell expect to be able to maintain their position for months without a permanent CEO? Why was Bob Frankenburg let go with no permanent replacement, or even potential replacements in line? We hear about AT&T potentials everyday.

The whole thing is just too fishy. Who in their right mind would can the CEO of a perceived dying company, then announce they are going to take 4-6 months to replace him, then intentionally not post news on significant alliances?

Now rumors are starting that Novell will miss their quarter again! WHAT IS GOING ON? Wait a minute...the only explanation that seems remotely reasonable is that you are intentionally driving the stock price down for some kind of low ball buy out. Strange coincidence that John Young is now on Lucent's board.

If there is any reasonable explanation for any of these circumstances, I would appreciate hearing it.

What a disappointment!!

Steve Fancy <smfmlf@centuryinter.net>

cc: joe_marengi@novell.com
peter_troop@novell.com
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