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: Elmo Gregory who wrote (22663)	6/13/1998 5:32:00 PM
From: Elmo Gregory	Read Replies (2) of 42771

Will Novell meet consensus estimates? Current estimate is $0.07 for quarter ending July '98. My guess is that net sales will need to be at least $275 million, with expenses reduced 3% relative to Q2's percentage of sales, and have other net income of at least $12 million. If customers, old and new, are waiting for NetWare 5.0, scheduled for release sometime in the summer of '98, will there be enough increase in sales to reach $275 million? Here we go again: based on past performance, Novell may meet but is unlikely to beat the numbers. Perhaps with some creative accounting (new CFO) and stock buy back, Novell might just meet the $0.07 estimate. Thoughts, anyone?

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