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

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To: Spartex who wrote (21371)3/23/1998 1:05:00 PM
From: Steve Fancy  Read Replies (1) of 42771
 
We'll see Quad. What's you're prediction for a high this week?

There does seem to be a re-energized level of hopefuls, but I'd bet that most of the big buyers bought before this week. Part of the problem with Novell's announcements, especially along the lines of affiliations, is that in the past, they make the announcements, then you never hear another word. Anyone following Novell for the last couple of years knows this. I remember the announcement last year regarding Oracle. I remember Oracle commenting they didn't even know what they were going to do as an affiliate, I think the specific comment was something to the effect of "we haven't thought about it yet".

Certainly, nothing ever stays the same, but I can't blame anyone for being skeptical. Incompetence has been the rule with this company, not the exception. We've been through the affiliations (still wondering whatever happened to SUNW, CA, and IBM), and we've been through a hot new Netware release, yet the company never experienced the huge rebound we all expected. If I were in at 7 1/2, I'd probably be happy with the 28% increase, but good luck to you. I hope you prove me wrong. The way I remember, Brainshare related activities have had there most signigicant impact the first day, or in the case of last year, the week before. They started releasing news early last year to try and stop a freefall in the stock.

sf
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