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: Paul Fiondella who wrote (23186)	7/26/1998 7:22:00 PM
From: dwight vickers	Read Replies (1) of 42771

The latest sales by our two favorite NOVL insiders. Still no one taking the breathtaking step of buying NOVL shares in the open market. (Too bad they do not have the same confidence in Novell's future that most of this board has) Glenn Ricart sold 2465 shares 6-9-98 at $12. Still holds 12,235 shares. David Bradford sold 1500 shares 6-9-98 at $12 5/16. Still holds 18,553 shares. As to a question posed previously by a poster as to whether or not Lou Gerstner bought IBM shares in the open market when he took over the reigns at that company. The answer is yes. Millions of dollars worth. If Joe Antol were still posting I'm sure he could elaborate on the details. Actually, as I've stated many times it is a show of faith by new CEO's, directors, etc. to buy shares in the company when they come in. Even token 1000 share purchases. The good ones do what Gerstner did and buy more than a "token" amount. They know what it means to Wall Street and the faithful employees and shareholders. I still remain perplexed that a smart guy like Schmidt has not done the same. Dwight

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