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

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

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To: Kenneth E. De Paul who wrote (7696)	2/8/1997 10:52:00 AM
From: E_K_S	of 42771

Hi Kenneth - I would want a new (experienced) CEO to make any acquisition decision based on previous management's results. It is indeed funny that many folks on this thread 8-12 months ago wanted this company to agressively look at acquisitions for use of their cash rather than buying real estate, constructing buildings, or 'investing' seed money into new 'high-tech' start ups. Current management has had the best results with the latter investment strategies rather than purchasing new companies. My opinion, Let's stick to our knitting and get our house in order first THEN only based on a new CEO (with a proven industry track record), we might look at a "high growth" synergistic acquisition in the price range of $100-$200 million (no more!). Our current free flow cash flow would help finance any additional operating expenses from an acquisition in this price range until future earnings from the purchase could be acreative to the overall income statement. Here is another example of how important these free flow cash flow figures are. By the way, this year the free flow cash flow numbers should be the largest (absolute and per share amounts) in the history of this company! EKS

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