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: Joe Antol who wrote (7871)	2/13/1997 9:22:00 PM
From: Dennis Conner	of 42771

To Joe and all---This thread is getting some attention. From PCWEEK: February 13, 1997 6:30 PM ET Marengi says Novell has $1B to put in play By Renee Deger Novell Inc. president Joseph Marengi told a New York investment conference today that the company may use its $1 billion stash to acquire new products or technologies. Speaking at the Goldman Sachs Technology Symposium, Marengi also told the investment community that a CEO would be named in 30 to 60 days. The embattled Orem, Utah, networking company is facing a darkened mood among shareholders, particularly this week after the California Public Employees' Pension System, the nation's largest pension fund, put Novell on its "laggard" list of poorly performing companies. Novell has become a target among some members of one Internet newsgroup, Silicon Investors, who are trying to mount a grass-roots effort to unseat the company's board of directors and executives. Messages posted on the board over the past two days repeatedly refer to CalPERS as the potential leader of a movement. CalPERS spokesman Brad Pacheco said the pension fund has no plans to file any actions against Novell unless the company fails to take steps to remedy its lagging position.

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