Preferred Capital Markets, Inc. Reiterates Its STRONG BUY Rating Of Novell, Inc. and Maintains Its Price Target of $23
SAN FRANCISCO, Feb. 17 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993:
Preferred Capital Markets, Inc., a brokerage firm servicing both institutional and individual investors with a focus on technology, telecommunications and medical technology, today reiterates its STRONG BUY rating of Novell, Inc. (Nasdaq: NOVL - news) while maintaining its 12-month price target of $23.
Senior Equity Analyst Joel Achramowicz has rated Novell a Strong Buy since his original report was published on March 2, 1998. Novell provides distributed network operating systems and directory services technology. Novell also provides Internet network services solutions through worldwide channel, developer, education and technical support programs.
''In 1998, Novell stabilized its business and grew it marginally,'' Achramowicz reported. ''This year the company will emerge as an Internet applications company with initiatives in Internet caching, digital persona technology for E-Commerce, and distributed virtual private networks, all of which will utilize Novell's flagship scalable directory technology. With this, we maintain and reiterate our Strong Buy rating.''
Joel has worked in the high technology industry since 1980. His extensive knowledge in high technology, especially data networking comes from operating positions that he's held with companies like Hewlett-Packard in addition to various, smaller high tech businesses. Other companies Joel currently covers include Com21, Inc, Westell Technologies, Inc., Network Equipment Technologies, Inc., Level One Communications, Inc., Broadcom, Inc., and Auspex Systems, Inc among others.
Joel became a securities analyst in 1994 and has followed the data communications sector through various positions at Dakin Securities and L.H. Alton. Joel earned his BA in Economics from Claremont McKenna College, a BS in Electrical Engineering from Stanford University, and a MS in Computer Engineering and Architecture from the University of Southern California.
Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in Boston, Chicago, New York, Miami, and Philadelphia.
SOURCE: Preferred Capital Markets, Inc
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