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: Kenneth E. De Paul who wrote (4493)	11/1/1996 11:58:00 PM
From: Paul Fiondella	of 42771

I bought CPQ and IBM with a similar criteria to buying Novell All these companies were at one time undervalued. I picked up IBM at 52 AND CPQ at 23. However when I picked up Novell I didn't listen to the Wall St rumors about how entrenched and slow and indifferent to stockholders Novell management was. The company traps you because it looks like it cannot posibily be a bust from an engineering point of view. The company behaves however as if its stockholders were some kind of burden that it has to carry around as a price for being a real company. They have never left behind their startup phase attitudes. They have pissed on their shareholders from way back, diluted the stock and made acquisitions which smell of insider manipulations.(The sole achievement of the WordPerfect buyouts was to put another bunch of UTah good old boys on the Board.) More dead weight. So I got burned. This is the worst stock in my portfolio and the worst stock experience I have had with any stock I have ever held in the computer industry. Novell should have remained a private company. They are much better suited to that mentality.

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