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

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To: Jim McCormack who wrote (21367)3/23/1998 12:20:00 PM
From: Steve Fancy  Read Replies (2) of 42771
 
If the best we've been able to to today is 10 3/4, I'd venture a guess (which have not been any more accurate than anyone else lately) that 10 3/4 to the low 11's will be the high for the week. We won't discuss yet what usually starts happening after Brainshare. I don't think the stock will break 12 1/2 until summer at best, and the lawsuits may prevent that. Unless they have significant actual committments for Netware 5.0, what's going to happen is anyone's best guess. Forcing the issue on upgrades is a BIG mistake IMO...I really believe that this will hurt sales. Watch for MSFT to freeze the market. If they get beyond the 5.0 release and the lawsuit, there is a lot of potential left for the company. If 5.0 has the same affect on the bottom line as the last Netware release, look for the sale before year end.

sf
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