Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dwight vickers who wrote (24539)	11/25/1998 2:45:00 PM
From: Elmo Gregory	Read Replies (4) of 42771

Hi Dwight - PMFJI. Is it possible that Novell has engaged in creative accounting, aka financial engineering, to make the numbers look a little better this quarter? Curious that Dr. Schmidt refused the invitation to appear on CNBC this morning. ---------------------------------------------------- "...Royalties from the licensing of Tuxedo transaction processing software totaled $36 million in fiscal 1998. A $12 million payment in the fourth quarter marked the end of these royalties..." novell.com ----------------------------------------------- Weighted average shares: Diluted* 07/31/98 362,083,000 10/31/98 354,105,000 * The Company has always reported net income per share on a diluted basis. The calculation of diluted net income per share includes the effect of common stock equivalents such as outstanding stock options, while the calculation of basic net income per share does not. novell.com --------------------------------------------------- Looks like a 7,978,000 share reduction instead of 21 million shares? This quarter's earnings are approximately 170 percent of last quarter; $0.07 x 1.7 = $0.119. Hard for me to believe. Hope someone does a full analysis of this last quarterly report. Salah was very good at pointing out the weak parts of their reports. Wish he was here. Regards, Elmo

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next