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: Bob Howarth who wrote (21620)	4/11/1998 8:56:00 AM
From: EPS	Read Replies (1) of 42771

>>I think it is a waste of shareholder money to buy back shares. I want EARNINGS. Use the money to get those earnings up. Only when there is strong cash flow (like IBM has) should the company massively buy back shares, like IBM does. I hope this is soon >>> Whatever else NOVL is trying to do I guess that the main objective of NOVL should be to give maximum possible returns to its shareholders. Now at this point in time NOVL is asking investors to step in and buy its shares while itself keeps 1 bill of reserves in the bank? Investors are skeptical. Does the company fear for its viability? Does it expect to buy its shares cheaper in the future? A timely announcement could do much to restore confidence and give momentum. The buy back does not have to start tomorrow! One more thing and I believe that what I will say next is implicit in sentiment expressed in this thread: as much as I like Dr Schmidt as a technician and software guru I would love for him to have at least: financial acumen > 1/3 * (technical acumen) Victor

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