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: Spartex who wrote (25818)	3/6/1999 11:23:00 AM
From: Greg Jung	Read Replies (2) of 42771

Thanks for the link. Ignoring the hype ("quadruple in 2 years!") promulgated by the hype on SI and the pimps on the biz channel, the article was well written and had an even kilter to it. However to try to pass off the company as "an internet stock" with decent valuation by comparing it with Microsoft strains credibility. The plausibility argument is wrapped around NDS alone. A revenue of $40-80 billion is projected for new software while the current state of the software industry is that Oracle may have $10billion Microsoft $20 revenues, double that to estimate total. So maybe there is a new product that fits in by reducing management headcount by the 5:1 ratio heralded. This would be plausible in the largest monolithic networks but is not likely in a distributed environment, with the tribal clans of independent LAN networks that we have today. Good luck to y'all if you can transform the stock price into an "internet stock". At least it will make it a more interesting buy at $20 if a history above that can be established. Greg

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