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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Joe Antol who wrote (6080)12/20/1996 8:21:00 PM
From: Joe Antol   of 42771
 
Novell to Expand Indian Facility

Topic Matched: Network Operating Systems

Comtex, December 20, 1996

NEW DELHI, INDIA, 1996 DEC 20 (Newsbytes) -- By C. T. Mahabharat. For
the next two years, Novell will expand its India Development Centre
(IDC) based in Bangalore. This will involve an investment of around
US$20 million, according to James Tolonnen, executive vice president and
chief financial officer, Novell, Inc.

This investment will be spread over offices in Chennai, Mumbai and New
Delhi. Tolonnen estimates that this year, Novell IDC's contribution to
Novell's worldwide development activities will be to the tune of 14
months, in terms of person months.

Novell's new network operating system, IntranetWare, which began
shipping in October 1996, will contribute 40 to 50 percent to Novell
Inc.'s revenues, within the next two years, Tolonnen said. Worldwide
sales are expected to bring in $600-800 million in revenue for Novell.

IntranetWare "will replace the core product from Novell," said
Tolonnen. This new product incorporates new intranet and Internet
capabilities with NetWare 4.11's networking services.

The new additions are NetWare WebServer 2.5, FTP services, which allow
users to download files from remote servers on the Internet; Netscape
Navigator; an IPX-to-IP gateway; and wide-area routing to connect
dispersed LANs to an intranet or the Internet.

IntranetWare, launched in India in the first week of December, is
available from Onward Novell Software (India) Pvt. Ltd. a 50/50 joint
venture between Novell Inc. and Onward Technologies Ltd.

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Joe....
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