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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Jim McCormack who wrote (21246)3/19/1998 2:08:00 PM
From: Don Earl  Read Replies (1) of 42771
 
Hi Jim,

In the nature of wild speculation, my guess would be that Schmidt approached Noorda to get this thing rolling. Schmidt has made a number of statements in the last 6 months of near future strategies that were not implemented. If the board has been shooting him down when he tries to do something that needs to be done, getting rid of the board is the best solution. A board that takes a stock from 35 to 7 in three years in not a winning team. Even though Young is not a favorite on the thread, he does have the right kind of back ground and only counts as one vote.

If it works, don't fix it. If it doesn't work, change it. I really don't see how getting rid of half the board could make things any worse than they already are.

Regards,

Don
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