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: PetroLou who wrote (23407)	8/5/1998 11:53:00 PM
From: Spartex	Read Replies (2) of 42771

PetroLou: <<Looks like this is a good opportunity for NOVL to buy back some the stock they plan on retiring. Have you heard of any action in that direction?>> I know the company is buying, but I don't think it can overwhelm the recent selling that has occurred. It can provide support near 10 dollars, but I specifically remember the Investor Relations person saying that this buying has to be blocks, and must be done with certain rules as to not manipulate the price of the stock. I agree, it is a good time for the company to be buying. Heck, I'd rather them spend only 10-11 dollars per share, than 13 right now. Saves the company cash to do other important investments. But I would like to see 13 again by mid-September. Regards, QuadK

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