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: Rich Young who wrote (22476)	6/5/1998 11:59:00 AM
From: Paul Fiondella	Read Replies (1) of 42771

Its all in the timing of the buys If you take a look at IBM, the company bought at 100 a share and that gave the market confidence that the company wasn't going to slide again because it was buying on the way up near the high. They were showing confidence in their future earnings and an upward price movement. Novell's announcement is similar. Sure I would have liked to see Novell buy the stock back at 8 and issue messages that it saw its stock undervalued and was buying back the stock as a result. THAT would have helped us, but then again that was Marengi & Young not Schmidt screwing us back then. If the company now buys on the way up, it is sending a real signal that it sees improvements ahead. The message I get is that they see their installed base as upgrading to Netware 5 in much greater numbers than from 3.X to 4.X.

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