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: Spartex who wrote (23450)	8/10/1998 2:23:00 PM
From: Spartex	Read Replies (1) of 42771

We could use this kind of a "pop".......... Monday August 10, 1:29 pm Eastern Time News of new COO helps boost Netscape PALO ALTO, Calif., Aug 10 (Reuters) - Shares of Netscape Communications Corp. rose sharply Monday on news of a new chief operating officer, and growing expectations of a strong third quarter, analysts said. Netscape is due to report its third quarter earnings next Tuesday and BT. Alex Brown analyst Mary McCaffrey said she was encouraged that the company had not made any warning of disappointing results. McCaffrey also said Netscape's new chief operating officer Barry Ariko should help bring direction to the company's growing enterprise software division. Netscape stock was up 4-1/6 to 29-1/8 in early afternoon trade and was the most actively traded issue on Nasdaq. On Sunday, Netscape announced the appointment of Ariko, formerly an executive vice president at Oracle Corp. (ORCL - news), where he had received much of the credit for growing that company's software sales. Analysts said Ariko should help shore up Netscape's enterprise software business, which the company has been trying to build as a way to offset business lost in the Internet browser market.

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