TO ALL! OK, WE ARE NOW IN PC WEEK. SEE BELOW. I TOLD YOU, "USE" THE NET!
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Hi Rob.
At 03:23 PM 2/12/97 -0400, you wrote:
>Joe, I'm just catching up on your threads on Silicon Investor regarding Novell.
>Can you give me some background on your situation and what you hope to
>accomplish?
Well, let's cut right to the chase on the "accomplish" part. Obviously, what we hope to accomplish is to oust the Board of Directors of Novell, Inc. Why?
Their performance speaks for itself. You're in the industry, so you certainly have chronological information regarding Novell. I don't mean to sound curt, but I assume that you know the recent history of this company (93-present).
I bought into the stock in very late 1995 with a hope of a takeover. Specifically at that time, IBM. I am a value investor, not a trader. I don't do exotics, nor
do I get into options. I do have (smaller amounts) of Compaq, Hewlett Packard, Cicso, Sun Micro, and for that matter Microsoft. That isn't the point.
I saw a once great company being run into the ground .... Look you know this story. Well, that takeover never happened. I started to communicate with Bob Frankenberg up to and including when he (left?).
Bottom line, it was and is my understanding there was a power struggle between Steve Markman and Joe Marengi. Marengi won, and was joined at the hip with John Young. That was August of last year to present.
I was (and still am for that matter) a big Novell supporter. It's been six months since Marengi took over. He gets a half a million+, +bonus a year and no matter what you see or read, at this point in time he's an underperformer.
Rob, that thread is almost 8,000 posts long. That is pretty impressive. There are a lot of good (Great) people on that thread as well as at Novell. The Board of Directors are still the "good old boys and girls", and they ain't gonna change.
And if you think Noorda still doesn't have influence, think again.
CalPERS is the California Pension and Employee Retirement System. They are a managed retirement fund that own 1% of Novell, Inc. That's almost 2 million shares.
Go to these links to read all about it.
calpers.ca.gov
and,
CALPERS owns 1.7 million shares
The PR contact is Brad Pacheco or Pat Macht 916-326-3991
and,
biz.yahoo.com
Here are just a sampling of the "quiet people" who own Novell, Inc. and how they feel about this:
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From: lepanto@sprynet.com
Date: Tue, 11 Feb 1997 22:01:51 -0800
Subject: Re: Person Who Signed My Guestbook-REPLY
To: Joe Antol <jantol@monmouth.com>
Joe Antol, I hope you and Eric, will make changes to this comp. As a long
shareholder with my group 35,750 shares of
Novell, Mr. Marengi thinks he will be the next B.Gates with the shareholders
$$$. He is OUT and gone. Thank you for your support.
GRigas (I always read your lines on novl.)
==============
X-Sender: greek@mail.gte.net
Date: Wed, 12 Feb 1997 01:26:10 -0500
To: jantol@monmouth.com
From: Greek <greek@gte.net>
Subject: Novell & CalPERS
I would just like to thank you for the letter you wrote to CalPERS about
Novell. I currently own 500 shares and would really like to see the company
improve... Glad I am not the only one..
Greek
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Date: Wed, 12 Feb 1997 12:18:52 -0800
From: Larry ma <lma@crystalball.com>
Organization: Pacific Plus
To: Jantol@monmouth.com
Subject: [Fwd: Novell stock underperformance (or.. I'm mad as hell and I'm not taking it ...anymore)!]
Joe,
This one is for you. Good luck to all of us.
Regards,
Mike
X-Mozilla-Status: 0001
Message-ID: <33022532.3341@crystalball.com>
Date: Wed, 12 Feb 1997 12:16:50 -0800
From: Larry ma <lma@crystalball.com>
Organization: Pacific Plus
X-Mailer: Mozilla 2.01 (Win16; U)
MIME-Version: 1.0
To: public_affairs@calpers.ca.gov
Subject: Novell stock underperformance (or.. I'm mad as hell and I'm not taking it ...anymore)!
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
TO: public_affairs@calpers.ca.gov
Please forward this to the appropriate person(s), and/or agency.
RE: Your recent PR on 10 targeted underperformers, Specifically:
NOVELL, Ticker-NOVL NASDAQ(O)
Please consider this email as support for your proposed/pending
action against Novell, Inc. with regard to irresponsible actions
and poor performance by the Board of Directors acting as fiduciaries
for the stockholders of this company.
Please also consider this email as authorization to utilize all my
shares of record (10,000) in this company to vote against, and for
the ouster of the current President and BOD of Novell, Inc.
I would also request that you send me any and all information on
your actions with this company, as well as proxy information.
Sincere thanks,
Michael Liu Taylor
=================================================
Rob, I have a LOT more. No, this isn't a grass-roots effort. We are talking
serious money here.
Novell has $1B in the bank, no debt, and no strategy, with no leader to boot.
They have NOT enhanced shareholder value, and that is THE PRIMARY CHARTER
of any organization.
We shareholders, and now the institutional holders want a team in there that
CAN ACT! They have had enough time to get their act together.
READ THE THREAD!
>How many Novell shares do you own?
5 figures and over $100,000 worth.
>Is this strictly a grass-roots effort?
Far from it.
>Can you explain how CalPers is involved?
See and READ above and you'll find out all you need to know.
> If you do want to talk to us about this, please include your phone number in your response so I or one of my reporters can call you directly.
>
I've given you most of the situation here. I would be happy to speak with you or one of your reporters, but I am going to post this to the SI board. So I will send this to you with my phone number under separate message.
>Cheers,
>
>Rob O'Regan
>Executive News Editor
>PC Week
>
Thank You Rob. I appreciate your interest. I really do.
Regards,
Joe...
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