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 (7924)	2/14/1997 10:30:00 PM
From: E_K_S	of 42771

Here's the full Story as detalied in UPSIDE Magzine... Novell Has $1 Billion To Put In Play Novell Inc. President Joseph Marengi said that the company may use its $1 billion stash to acquire new products or technologies. Marengi also told the investment community that a CEO would be named in 30 to 60 days. ZDNet www5.zdnet.com Marengi says Novell has $1B to put in play By Renee Deger February 13, 1997 08:26:20 PM EST PC Week Online 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. ====================================================================== I understand more to come on this one.... The CEO announcement to be made in 30-60 days says Marengie. That puts it right around earnings time.... EKS

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