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: Jim McCormack who wrote (21246)	3/19/1998 3:55:00 PM
From: Paul Fiondella	Read Replies (2) of 42771

Specifically we don't want chaos, that's why we want a BOD change Emotional needs are not part of the picture. Its a question of (1) the ability of the BOD to provide backup and support for the CEO (2) the ability of the BOD to facilitate relationships within the industry (3) the ability of the BOD to understand what is in the company's best interests (4) the history of this BOD in failing repeatedly to do what was best for Novell and the shareholders. The reasons are all outlined in the Noorda letter and in out White Paper. Novell has an ineffectual, passive, and uninvolved BOD. If this BOD doesn't remake itself and the company suffers further reversals that's when you get a shareholder revolt and chaos. Noorda is acting very responsibly in trying to give them a wake-up call now. Incidentally any change in this BOD to put any industry player on the BOD, such as a Jim Clark, would cause this stock to take off. Rather than weaken the company it would strengthen both the CEO and the company and signify a real commitment to a real turnaround.

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