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: Rusty Johnson who wrote (26044)	3/15/1999 9:28:00 AM
From: Spartex	Read Replies (3) of 42771

Magic 25 Mar 15, 1999 Novell's NDS 8 In Open Beta-Testing Novell (NASDAQ:NOVL - news) announced that its Novell Directory Services (NDS) 8 is in an open beta-testing phase. Why is this important? This product is a next generation scalable Internet directory. NDS 8 will improve reliability and security, and enable more users to integrate more Internet standards and network devices than earlier versions. Essentially it is the framework or vehicle for electronic commerce. Preferred Capital Markets analyst Joel Achramowicz, recently said "this race for directory supremacy is Novell's to lose. But the release of NDS 8 is certainly an important tool that will help Novell to stay on top of the directory market and continue to be a leader, and innovator." Achramowicz then went on to question why the market is not valuing the company as a play on the Internet. This is a valid question. Consider that directory services product sales are estimated to be $5 billion by 2000. In our minds the reason that the stock is not enjoying the pie in the sky valuations that some of the pure play Internet companies are receiving is because we don't think that investors are fully aware of the size and importance of a scalable directory market. (=;-) -- won't be long!) Novell is expected to outline the future direction of NetWare at the annual BrainShare conference in Salt Lake City, Utah from March 21 to March 26. Two products to be discussed at BrainShare will be 6 Pack, and Modesto. 6 Pack will incorporate NDS version 8 and will optimize server management capabilities. Compaq (NYSE:CPQ - news) is expected to show off its 8-way server technology at the conference. Compaq's product will be combined with and use 6 Pack's performance benefits. Modesto is a "next generation" 64-bit operating system designed to run on Intel's (NASDAQ:INTC - news) future IA-64 processor family. In short, we continue to believe that Novell is on track to earn $0.48 per share in fiscal 1999 and think the release of version 8 is an important stepping stone in making investors and analysts aware of the company's Internet applications. Bottom Line: While we do not think that the stock will receive a dot.com valuation in the near-term, we are confident that 1999 will be a year in which shareholders will be handsomely rewarded for their patience. Analyst: Glenn S. Curtis Updated 3/12/99 with NOVL trading at $24.13. Recommended on 11/16/98 with NOVL trading at $14.38 fnews.yahoo.com

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