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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (22233)5/22/1998 2:56:00 PM
From: Don Earl  Read Replies (1) of 42771
 
Hi Paul,

If memory serves me correctly from a call to IR, deferred revenues are from service contracts where there is a payment up front, but they don't recognize the income until the service is rendered. If I'm reading it right an increase in deferred revenue would be a plus for forward looking business.

All things considered, it was a lot better showing than I expected. Slipping NW5 until August will probably make NOVL dead money this Q. If it weren't for the law suit and a possible restatement of earnings, I'd say things look better than they have for quite awhile. I won't touch it until the accounting questions are cleared up but I do think the longs are entitled to feel a little cheerful over the results.

Regards,

Don
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