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

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To: Elmo Gregory who wrote (24540)11/25/1998 4:16:00 PM
From: Elmo Gregory  Read Replies (1) of 42771
 
Let me try that again.

------------------------------------------
Novell Board Authorizes Share Repurchase
PROVO, Utah -- June 5, 1998 -- Novell, Inc., (NASDAQ:NOVL
today announced that its board of directors has authorized
the company to repurchase up to 10 percent, or approximately
35 million shares, of Novell common stock over the next
twelve months.
novell.com
-------------------------------------------
Apr 30, 1998
Weighted average shares: (x1000)
Basic* 351,762
Diluted* 356,586
novell.com
-------------------------------------------
Oct 31, 1998
Weighted average shares: (x1000)
Basic* 345,871
Diluted* 354,105
biz.yahoo.com
------------------------------------------
Apr 30, 1998 Oct 31, 1998 Difference
Basic 351,762 345,871 5,891
Diuted 356,586 354,105 2,481
------------------------------------------------
* 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.
-------------------------------------------------
Basic or diluted, it still doesn't make sense to me.

Comments invited.

Elmo
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