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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Scott Phillips who wrote (6017)12/19/1996 4:44:00 PM
From: doug doan   of 42771
 
Ref: Troop's remarks

<. It is fair to expect that over time, part of the $1 billion in cash and short-term investments at the end of Q4 1996 will be used to make selective investments and acquisitions that extend Novell's
technology reach in network software. >

Don't know about the rest of you but this part worries me to death. First, we already know that Mngmt is not getting a return on the $1 billion it has in cash. We should be seeing at least a 15% return on this. 2nd, the fact that they are about to make acquisitions is troubling in that we almost lost the company last time Mngmt tried this. Put bluntly I am not convinced that Mngmt is competent to engage in an agressive acquisition strategy.

I would like to see the $1 billion returned to shareholders.
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