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: Don Earl who wrote (21109)	3/14/1998 7:07:00 PM
From: Spartex	Read Replies (1) of 42771

Don: Maybe news does tend to move NOVL share price slowly, but how the heck did the stock move ~25% in just one week following earnings announcement? I mean, yeah, I'd call that a significant price move and volume move too, and not chopped liver. The retracement we are seeing of 7% on lower volume may be related to the legal action, or just normal pullback after a runup, but I don't know. I'm just trying to keep your response balanced, thats all. I agree, having to restate earnings that look like IFMX or SIII could be ugly, and that would hurt the longs. Right now we are all speculating on what might happen. It would be nice to know if any experienced CPA types might be able to offer some clues. Any ex-Novell financial types familiar with this situation (past financials)? That could at least give us something to chew on (trade on). Otherwise, its a wait and see game. Regards, Quad-K

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