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: Janice Shell who wrote (5357)	11/27/1996 6:29:00 PM
From: vinod Khurana	of 42771

Who will buy NOVL for $3.8 billion is the concern among analysts ? I think there are enough companies out there with this kind of money to burn. Cheyenne Software was recently bought for $1 billion and their revenue is no where near that of NOVL. The problem is that $3.8 billion represents about $11/share. Not much premium from todays close. In fact, it could be a loss. How much is NOVL worth ? At $10/share ........ $3.2 billion At $15/share ........ $4.8 billion At $20/share ........ $6.4 billion NOVL sells for $12 1/2 - $15/share although Merryl Lynch broker estimates $15 - $18/share. Of course NOVL would like to remain independent. Who else would want to keep their current board of directors and pay them rich fees ? NOVL is SOLD in my opinion.....it is only a matter of time. V.K

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