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: E_K_S who wrote (22277)	5/25/1998 6:25:00 AM
From: EPS	Read Replies (1) of 42771

NEW YORK (CNNfn) - The chief executive of Novell Friday credited "a strong focus on expenses" for the software company's better-than-expected second-quarter earnings. Novel CEO Eric Schmidt told CNNfn's "In the Game" the company will now begin concentrating on its Internet products after reporting better-than-expected profits this week. For the three months to April 30, Novell's earnings were $19.3 million, or five cents per diluted share, compared with a loss of $14.6 million, or four cents, in the same quarter of 1997. First Call had forecast earnings of four cents per share. Here are excerpts from Schmidt's interview with CNNfn anchor Sasha Salama: SASHA SALAMA: What would you say was most responsible for the turnaround? ERIC SCHMIDT: Well, we've continued to have a strong focus on expenses, getting new products out the door. We had a first phase, which was (to) stabilize the business. We're pretty much through that, and now we're positioned to move to our Internet products...... cnnfn.com

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