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: Paul Fiondella who wrote (25672)	2/26/1999 11:36:00 AM
From: Steve Fancy	Read Replies (1) of 42771

Hello Paul...nope, I got out of Novell a loooong time ago. Have been keeping an eye, but disappointed with yesterday's report. Inclined to remain on the sidelines for now unless she heads back to the 15-16 level. The last minute change in the First Call concensus sure looked to me like some kind of game. A lot of analysts had their head on the line on this one. Regardless, Novell came in a the low end of the range, and seemed to fall short on revenues. Disappointing after all the analyst hype. I really expected Schmidt to continue a trend of beating estimates. I fear sales will dwindle as the year progresses due to Y2K issues and don't see them picking back up till late next year. By that time MSFT will likely be a serious threat again. Remember their promise a year and a half ago. I believe this threat is seriously underplayed by Novell fans. OTOH, nice gains for all those loyal holders from the 7-10 level. Good luck to you and all. sf

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