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 (23517)	8/20/1998 4:24:00 PM
From: DJBEINO	Read Replies (2) of 42771

very good report: In the third fiscal quarter, during the first few weeks following the authorization, the company spent approximately $12 million of cash to purchase and retire one million shares. Another factor impacting future revenue is the increased level of Novell's deferred revenue. The backlog of deferred revenue reached $103 million at the end of quarter three, up $20 million from the prior quarter and up $39 million from the year-ago quarter. The increase in revenue deferred for future recognition reflects the strong growth in Novell's multi-product license programs for large network accounts. Revenue from Asia Pacific was $19 million, or 7 percent of the total. Novell believes it can begin to rebuild its business in Asia from this level, but the company expects improvements will come slowly.

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